-- Provides one screen with real-time consolidated quotes for all equity options exchanges in the US
-- Offers single ”smart” order routing panel for equity options traders to all US equity options markets
Stockholm, Sweden, May 3, 2006 – Orc Software (SSE: ORC), the provider of technology for advanced trading, market making and brokerage, today announced the launch of the most sophisticated service for trading US exchange-traded options. As part of its offering, Orc Software has created an options montage incorporating all of the six equity options exchanges in the US onto one consolidated screen, with real-time quotes and smart ”best price” execution through a single order panel.
With market data feeds and direct market access to all American options exchanges, US Options – powered by Orc – is one of the most comprehensive and sophisticated offerings on the market today. US Options is available immediately for Orc Trader and Orc Liquidator customers.
”The launch of US Options is an important milestone for Orc Software in North America” said Peter Sibirzeff, managing director of Orc Software in the US. ”With our new options montage, and native connectivity to all of the options exchanges in the US, we are proud to be able to offer our clients a product that is unrivaled in the industry. We look forward to working with the exchanges as they offer new products and expand their businesses, and to continuing to offer new products and services that enable our clients to gain an edge on today’s competitive markets.”
Orc Software will demonstrate the power of US Options at the 24th Annual Options Industry Conference on May 4-6, in South Beach, Florida.