Matlock Capital Deploys Orc Liquidator for Market Making
Chicago & New York – Tuesday, September 18, 2007 - Orc Software (SSE: ORC), the leading global provider of technology for advanced derivatives trading and connectivity, today announced Matlock Capital, LLC, a Chicago-based trading firm, has deployed Orc Software’s Liquidator for its equity options market making solution.
“We required a robust solution for market making that integrated well with our internal systems. In addition, we needed a solution which provided extremely low latency, support for penny-priced stocks, and strong connections to the CBOE. Orc delivered the best solution to meet our needs,” notes Steve Crutchfield, Director of Operations for Matlock Capital.
“We are delighted that Matlock Capital chose Orc Liquidator for its strength in market making capabilities,” said Jesper Alfredsson, Head of Algorithmic Trading for Orc Software. “More and more firms are realizing the power of using Orc Liquidator, and we are seeing tremendous growth in demand for our solutions.”
Orc Liquidator is a black box trading system that 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 options market making, cross market futures spreads, listed spread vs. synthetic spread, pairs trading, volatility trades, currency cash and futures arbitrage, and local exchange vs. ADR. Orc Liquidator, available as either a deployed or hosted solution, 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´s revenue model
This agreement follows Orc’s licensing subscription model to give customers access to the software, new versions and support as long as the agreement is valid. Customers are invoiced quarterly in advance and revenue allocated to the invoicing period.
About Orc Software
Orc Software (SSE: ORC) is a leading global provider of technology for advanced derivatives trading and connectivity. Celebrating 20 years in 2007, Orc provides solutions and services to its worldwide customers 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. www.orcsoftware.com
About Matlock Capital
Matlock Capital, LLC and its affiliated companies constitute a private investment business whose trading activities include high-frequency, fully-automated strategies in U.S. equities, options, and futures. The firm executes trades on all U.S. options exchanges and is a member of the CBOE. Matlock employs 25 people with the majority working in the areas of financial engineering, systems and investments.
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