Nyenburgh deploys Orc Spreader for low-latency spread trading on Asia Pacific markets
For immediate release: Hong Kong, Sydney and Tokyo – Monday, November 8, 2010 – Orc Software (SSE: ORC), a leading provider of technology and services for the global financial industry, today announced that Nyenburgh has deployed Orc Spreader for low-latency spread trading across Asian markets. The order was booked in Q4, 2010, and the contract is based on Orc’s licensing subscription model.Orc Spreader is a server-based, arbitrage-style trading product for trading on multiple markets and across multiple asset classes. It is used by futures spreaders, pairs traders, and other high frequency