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Van der Moolen utilizes Orc Software’s Algorithmic Trading Solution

Orc Software (SSE: ORC), the global provider of technology for advanced derivatives trading and connectivity solutions, today announced the London-based business of global trading firm Van der Moolen is utilizing the Orc Algorithmic Trading solution for advanced trading capabilities. The deal was booked in Q3 2007.

Orc Algorithmic Trading, the multi-threaded, server-based algorithmic trading solution capable of running thousands of complex trading strategies simultaneously, is available on the Orc Trading platform. Orc Trading is used by financial firms worldwide for enhanced, trading, pricing and risk management on electronically traded derivatives.

“Orc Software is pleased to be working with Van der Moolen to provide advanced algorithmic capabilities to accelerate its business,” says Lee Griggs, Orc Software’s UK Managing Director. “Firms are increasingly realizing the power of using Orc’s algorithmic trading solutions, and as a result we are seeing tremendous growth worldwide in this area.”

Orc Algorithmic Trading technology tools include Orc Liquidator, Orc Liquidity Access and Orc Hosting.