Orc Trading connects to Solid FX to offer superior FX trading experience
Joint customers will benefit from efficient, reliable and high-performance FX trading
Stockholm, SWEDEN, Tuesday February 1, 2011 – Orc Software (SSE: ORC), the leading provider of technology and services for the global financial industry, today announced a connectivity offering which provides Orc Trading users with access to the Solid FX currency trading platform.
Newly developed by Solid Trading, B.V., Solid FX is a state-of-the-art currency trading platform, providing deep liquidity in virtually every currency pair. Solid FX offers a transparent platform with a near zero latency matching engine, conforming to the business rules seen on regulated exchanges.
“By adding FIX-based API connectivity between Solid FX and the Orc Trading platform, we enable our customers to benefit from a single counterpart in virtually any FX pair combined with reliable and fast market data,” said Christopher Lederer, VP Continental Europe, Orc Software.
A specific advantage for Orc customers is that Solid FX provides a FX currency feed with features that enable clients to more efficiently use Orc Spreader, Orc’s specialized product for ultra-low latency, high-frequency arbitrage and spread trading.
“Being the first Orc customer to trade on the Solid FX platform, we are very satisfied with the excellent trading experience. This highly contributes to our fully integrated arbitrage algorithms and has definitely increased our risk management controls, whilst taking full advantage of the FX liquidity offered by Solid FX in all currency pairs,” said Ben Bondel, Managing Director, ABR Financial BV.
“We are confident that the synergy between our platform and Orc will result in the best possible FX trading experience,” said José Baptista, Director, Solid Trading B.V. “Solid FX is the only true multi-bank ECN based in mainland Europe, offering a single, reliable central counterparty for clearing and settlement combined with low latency, high reliability, full transparency and no execution fees. This makes us a highly attractive FX venue for Orc customers.”
The Orc Trading solutions are used by leading financial firms worldwide for market making, volatility trading and high-frequency trading. Together with access to all major cash and derivatives markets and a network of brokers, this is truly an unmatched offering. Orc Trading is available both as deployed software and as a managed service.
Orc Software is next exhibiting in Italy at the 17° AIAF ASSIOM ATIC FOREX Congress in Verona on February 25-27.
About ABR Financial
ABR Financial, located at the World Trade Center in Amsterdam, The Netherlands, has its primary business and operating models targeting pan-European derivatives markets for market making activities and providing liquidity to pan-European equity markets.
About Solid Trading
Solid Trading B.V. is a privately-held IT development & consultancy company, specialized in automated FX trading solutions and custom software development for the financial sector. With Solid FX, Solid Trading B.V. offers a mature and fully featured trading platform conforming to all industry standards. Next to this, high reliability and customer service are major focus points to ensure an optimal trading experience.
About Orc Software
Orc is a leading provider of technology and services for the global financial industry. Orc delivers trading and market access solutions that are used by proprietary trading and market making firms, investment banks, hedge funds and brokerage houses worldwide.
Available as deployed software or as managed services, Orc develops and provides the tools needed for running a profitable trading or brokerage business in today’s competitive and ever-changing markets.
With market presence in all major global financial centers, Orc provides sales and support services from its offices across EMEA, the Americas and the Asia-Pacific regions. Orc Software is publicly traded on NASDAQ OMX (SSE: ORC).
For further information, please contact:
Christopher Lederer, VP Sales Continental Europe, Orc Software, Tel. +31 6 4610 4007
Christine Blinke, VP Marketing and Investor Relations, Orc Software, Tel. + 46 739 01 02 01
Ben Bondel, Managing Director, ABR Financial BV, Tel +31 20 8200082
José Baptista, Director, Solid Trading B.V., Tel. +31 6 3978 8155
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