Terra Futuros leveraging Orc Spreader for futures arbitrage on BM&FBOVESPA
Sao Paulo, September 27, 2011 – Orc Group (SSE: ORC), a leading provider of technology and services for the global financial industry, announced today that Brazilian broker Terra Futuros will use Orc Spreader for futures arbitrage on the BM&FBOVESPA exchange as well as inter-market arbitrages between the BM&FBOVESPA and other global exchanges. The order was booked in Q3, 2011, and the contract is based on Orc’s licensing subscription model.Terra Futuros will use Orc Spreader, a server-based trading solution designed for spread trading and other arbitrages. Terra Futuros will initially use