DRO|WST uses Orc for advanced VIX options trading
Chicago, Wednesday, May 11, 2011 – Orc Software (SSE: ORC), a leading provider of technology and services for the global financial industry, today announced that Chicago-based broker-dealer DRO|WST is using Orc Trader for sophisticated VIX options quoting and trading. The order was booked in Q1 2011, and the contract is based on Orc’s licensing subscription model.DRO|WST is using Orc Trader to improve the efficiency of their quoting and trading of VIX options on the Chicago Board Options Exchange (CBOE). Orc Trader will allow DRO|WST to quickly and easily manage their volatilities, identify