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Sella Holding Banca Proves Orc Software’s Advanced Derivatives Trading Capabilities

Orc Software (SSE: ORC), the leading global provider of technology for advanced derivatives trading and connectivity solutions, today announced leading Italian bank and established Orc Software customer, Sella Holding Banca has successfully tested and proven Orc Liquidator’s algorithmic trading enhancements for its equity derivatives solution.

"Sella Holding Banca has fully tested Orc Software’s Liquidator algorithmic trading solution and verified its low-latency capabilities for sending quotes to the IDEM market,” says Roberto Maria Caloi, Head of Equity Derivatives Trading in Sella Holding Banca. “We looked at a number of available vendor solutions and Orc’s advanced and robust Liquidator proved to be the fastest solution for meeting our market making requirements."

“Today’s announcement is another strong indication that the European banking community highly ranks Orc Software’s electronic solutions for meeting their growing trading requirements,” says Pasquale Ricci, Sales & Account Manager Western Europe, Orc Software.

Sella Holding Banca, an Orc Software customer since 2001, is today using Orc technology including Orc Trader, Orc API and Orc market connections for the Italian Derivatives Market (IDEM), Italian Stock Exchange’s (MTA) and EUREX.
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.