Email Contact Phone Company Visit Website

London Office

23 Camomile Street Camomile Court
London
GB

Paris Office

12 rue du 4 septembre
Paris
FR

New York, USA Office

708 Third Avenue - 17th Floor
New York
NY
US

London, UK Office

Suite 510, 1 Alie Street
London
GB

Hong Kong Office

3406B, Tower One, Lippo Centre, 89 Queensway
Hong Kong
HK

Stockholm Head Office

Kungsgatan 36 P.O. Box 7742
Stockholm
SE

New York Office

1230 Avenue of the Americas, 7th Floor
New York
NY
US

London Office

63 Queen Victoria Street
London
GB

Hong Kong Office

18/F, 100 Queens Rd Central
Hong Kong
CN

Stockholm Office

Grev Turegatan 3
Stockholm
SE

Sydney Office

Level 18, 56 Pitt Street
Sydney
AU

Paris Office

15 rue Taitbout
Paris
FR

Chicago Office

190 S. LaSalle Street Suite 1200
Chicago
IL
US

Chicago Office

190 S. LaSalle Street Suite 1200
Chicago
IL
US

Hong Kong Office

18/F, 100 Queens Rd Central
Hong Kong
CN

Milan Office

Via Fieno, 1
Milan
IT

Australia Office

Sydney Level 18 56 Pitt Street
Sydney
AU

Tokyo Office

Otemachi First Square East 4F, 1-5-1 Otemachi, Chiyoda-ku
Tokyo
JP

Moscow Office

Moscow Zoologicheskaya street 2, second floor 123242 Moscow Russia
Moscow
RU

St Petersburg Office

Yakubovicha 24, New St. Isaac Office Centre, 190000 St. Petersburg, Russia
St. Petersburg
RU

New York Office

New York, 140 Broadway, 46th Floor, Suite 4656, New York, NY 10005 USA
New York
NY
US

Telephone

0046.8.407.3800

Contact

Maria Liw
[email protected]
Back to all Itiviti announcements

Orc System 5.2 delivers greater integration capabilities and connectivity for derivatives trading

Stockholm, Sweden – 28 November 2005 - Orc Software (SSE: ORC) today announced that the Orc System 5.2, the latest version of its platform for advanced market making, trading and brokerage will launch this week. With new server-based direct market access (DMA) capabilities and additional connections, users can now better integrate with third party systems and connect to all North American derivatives exchanges.

In addition to accessing the Orc System’s extensive DMA offering through the Orc front-end applications, users can now take advantage of a fully server-based DMA solution with extended automation capabilities through the Orc Protocol and FIX. This allows users to handle order execution, distribute market data and automate standing data through third party applications.

Jonas Lindström, CEO, Orc Software, says: "As electronic trading continues to replace open outcry, the buy-side wants more control and the sell-side is looking to expand its offering. Therefore, demand for extensive DMA and execution capabilities, rather than just strategic advice, is growing. With the Orc System 5.2, we aim to provide the best access to the market, along with advanced support for cash and derivatives trading."

The Orc System provides direct access to over 100 markets, including all major exchanges, ECNs and other liquidity pools. With the previous connections to the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE) and Boston Options Exchange (BOX), the addition of the new connections to the Pacific Exchange (PCX), Philadelphia Stock Exchange (PHLX) and American Stock Exchange (AMEX), enables Orc Software’s customers to send orders to sweep all six exchanges. This creates an "all-inclusive" execution platform for trading all North American equity derivative instruments, in addition to the already exhaustive coverage of equity cash, currency and fixed income derivatives.

Other functionality includes an extended combination pricer, which enables users to select contracts, create combinations and monitor the risk values quicker and more efficiently. In addition, with improvements to the analytical tools in the volatility manager, users can compare multiple options’ expiry dates in the same underlyings with greater accuracy. This allows them to better evaluate volatility curves and develop more effective trading strategies.

Lindström adds: "There are very few off-the-shelf DMA products on the market, particularly ones that offer integrated risk management and that specialise in derivatives trading. With this public release, financial institutions can offer clients improved execution and market data functionality, in addition to global connectivity."

Customers can connect to the Orc System from Orc’s front-end trading applications, such as Orc Trader, which offers advanced functionality for trading listed cash and derivatives securities, as well as the ability to price OTC instruments.