SinoPac Securities selects Orc to enhance its trading capabilities in Asia
Hong Kong, Sydney and Tokyo – 16 November 2009 – Orc Software (SSE: ORC), the leading global provider of technology for advanced trading and connectivity solutions, today announced that the Taiwan-based financial institution SinoPac Securities (Asia) Limited is using Orc’s Trading and Connect solution to enhance its regional trading capabilities. The order was booked in Q3, 2009, and the contract is based on Orc’s licensing subscription model.
SinoPac Securities (Asia) Limited is the business arm of the Taiwan Stock Exchange-listed company SinoPac Financial Holdings. SinoPac Securities (Asia) Limited engages in various financial businesses including brokerage service, proprietary trading and underwriting business. It has 49 branch offices in Taiwan and established subsidiaries in Hong Kong, Shanghai and London. It aims to establish the best comprehensive regional platform, develop its wealth-management business, and become one of the most influential Chinese securities firms in the Pacific Rim. “Orc Software is pleased to provide SinoPac Securities (Asia) Limited with an advanced trading solution that accelerates its business growth,” says Dennis Chen, Sales Director, Orc Software, Asia Pacific. “Orc Trading empowers SinoPac to trade both cash and derivatives markets in Hong Kong and Taiwan, providing a strong base for its future business development in Asia using leading edge trading technology.” “To capture the significant market potential in Asia, we need to enhance our overall trading capabilities. We chose Orc Software because of its extensive regional reach, ultra-fast market gateways and its rich functionality. We are especially impressed with Orc’s expertise in formulating and implementing a reliable solution that best fits our business requirements within a tight timeline,” says William Su, Director and Head of Proprietary Trading Division, SinoPac Securities (Asia) Limited. Orc Trading provides the competitive edge to trade from a single platform capable of running thousands of complex trading strategies simultaneously. Orc Trading is used by financial firms worldwide for enhanced trading, pricing and risk management on electronically traded instruments. Orc Connect is the global financial industry’s leading connectivity solution. Orc Connect provides traders and brokers with fast, reliable access to liquidity pools, both for market members and non-members, in the critical areas of execution, market data and reference data. About Orc Software’s revenue model Standard agreements follow Orc’s licensing subscription model, a flexible approach designed to streamline the customer on boarding process and provide ease of access to software updates, together with a mature support framework. Customers are invoiced quarterly, in advance, and revenue allocated to the invoicing period. About SinoPac Securities (Asia) Limited Established in 1994, SinoPac Securities (Asia) Limited is a 100% owned subsidiary of SinoPac Financial Holdings and is registered with the Securities and Futures Commission (CE No: ACD026) to engage in securities trading. SinoPac Securities (Asia) is also one of the Exchange Participants on the HKEx. (Broker No: 6250). SinoPac Securities (Asia) provides a comprehensive range of services including brokerage services, underwriting business, and proprietary trading business. SinoPac Securities (Asia) owns an experienced execution team in HK IPOs, M&A , listed companies financial advisory and a series of developed spectrum of financial products. By collaborating with local contacts, global connection and technological staffs, SinoPac Securities (Asia) offers customers unique investment services as well as tailor-made services. 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 futures and options 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 and quality support services from its offices across EMEA, Americas and Asia Pacific. www.orcsoftware.com For further information: William Su, Director & Head of Proprietary Trading Division, SinoPac Securities (Asia) Limited, william.su.hk@sinopac.com Dennis Chen, Sales Director, Orc Software, Asia Pacific, dennis.chen@orcsoftware.com Agnes Wong, Senior Marketing Manager, Orc Software, Asia Pacific, agnes.wong@orcsoftware.com
Tags: