Audentes Technology LLC Deploys Orc Liquidator
Win Highlights Increased Uptake of Orc’s Advanced Derivatives Trading Solutions
Chicago & New York – Tuesday, September 11, 2007 - Orc Software (SSE: ORC), the leading global provider of technology for advanced derivatives trading and connectivity, today announced Audentes Technology LLC, a Chicago-based trading firm, has selected Orc Software’s Liquidator for its derivatives algorithmic trading solution. Orc Liquidator is a black box trading platform targeted at proprietary trading desks at investment banks, trading firms, and hedge funds.
“We are impressed by Orc Liquidator’s fast time-to-market, low latency, and connectivity to a large number of markets,” notes Libby Christy, Operations Manager for Audentes Technology.
“The addition of Audentes Technology to our growing Chicago client base further attests to the market acceptance of Orc’s solution,” said Martin Koopman, North American President for Orc Software. “Orc’s demonstrated success with Liquidator is proving to firms large and small that they too can take advantage of a sophisticated, best-in-class, algorithmic trading solution.”
Orc Liquidator allows the rapid deployment of custom trading strategies at a processing speed of over 20,000 orders per second with sub-millisecond latency. Among the custom strategies commonly deployed on Liquidator are cross market futures spreads, listed spread vs. synthetic spread, pairs trading, volatility trades, currency cash and futures arbitrage, local exchange vs. ADR, and option market making. Orc Liquidator has connectivity to over 100 exchanges worldwide.
Orc Software is next exhibiting at the Forex Network Chicago conference at the The Mid-America Club in Chicago, IL on September 25 – 26.
About Orc Software
Orc Software (SSE: ORC) is a leading global provider of technology for advanced trading, market making and brokerage. Founded in 1987, Orc provides solutions and services to its worldwide customer sites from its offices across Europe, North America and Asia Pacific. Orc Software's customers include leading investment banks, trading and market-making firms, exchanges, brokerage houses, institutional investors, hedge funds and software vendors.
CameronFIX, the number one Financial Information Exchange protocol (FIX) platform, is an Orc Software connectivity solution. CameronFIX is used as a FIX platform by major members of the global financial industry. For more information, please visit www.orcsoftware.com.
Contact:
Barry Vasudevan, Marketing Director, North America, barry.vasudevan@orcsoftware.com, 212-792-5487
Steve Lukes, Sales Director, Chicago, steve.lukes@orcsoftware.com, 312-327-8557