Orc Software’s advanced trading platform now available to Goldman Sachs Electronic Trading clients
New York, Thursday, April 30, 2009 – Orc Software (SSE: ORC), the leading global provider of technology for advanced trading and connectivity solutions, has joined the Goldman Sachs Signature Program as a Signature Partner to provide high performance trading solutions to Goldman Sachs Electronic Trading clients.
Goldman Sachs clients can leverage Orc Trading for low latency, high-frequency trading of options, futures, and cash equities via connectivity to Goldman Sachs. Clients will be able to access a volatility arbitrage strategy as well as a volatility order strategy to quickly expand their trading capabilities. Orc’s robust pricing, analytics, and volatility management tools allow sophisticated traders to successfully deploy their trading strategies on an algorithmic trading platform that responds rapidly to market changes. The agreement was signed in Q1, 2009.
“Goldman Sachs is committed to providing the best trading tools to our clients,” notes Rishi Nangalia, Managing Director and Head of Business Development at Goldman Sachs Electronic Trading. “With Orc Trading, we are able to offer customers a ‘plug-and-play’ package of advanced strategies as well as the capability to create their own strategies to match their trading objectives.”
“Orc Software is known for its best-in-class trading solutions,” notes Marty Leamy, President, Americas of Orc Software. “We are delighted to provide Goldman Sachs clients with advanced trading technology, especially in this time of high volatility where robust and accurate analytics is essential. Orc’s ultra-low latency algorithmic trading engine coupled with strong analytics and pricing functionality provides a powerful solution for Goldman Sachs clients in today’s market conditions.”
Orc Trading is used by leading financial firms worldwide for enhanced trading of electronically traded instruments. Orc trading solutions provides a competitive edge to trade from a single platform, on any listed instrument, across all asset classes, on 100+ markets.
Orc Trading for Algorithmic Trading, the multi-threaded, server-based algorithmic trading solution capable of running thousands of complex trading strategies simultaneously, is available on the Orc Trading platform. Orc Trading is used by financial firms worldwide for enhanced trading, pricing and risk management on electronically traded instruments.
About Orc Software
Orc Software (SSE: ORC) is the leading global provider of powerful solutions for the worldwide financial industry in the critical areas of advanced trading and low latency connectivity. Orc’s competitive edge lies in its depth of knowledge of the trading world gained by deploying advanced solutions for sophisticated traders for over 20 years.
Orc Trading and Orc Connect provide the tools for making the best trading and connectivity decisions with strong analytics, unmatched market access, powerful automated trading functionality, high performance trading capabilities, ultra-low latency, and risk management.
Orc’s customers include leading banks, trading and market-making firms, exchanges, brokerage houses, institutional investors and hedge funds.
Orc provides sales, quality support services and development from its offices across EMEA, Americas and Asia Pacific.
www.orcsoftware.com
For further information:
Barry Vasudevan, Marketing Director – Americas, Orc Software, +1 212 792.5487, barry.vasudevan@orcsoftware.com
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