Orc Software (SSE: ORC), the leading global provider of technology for advanced trading, market making and brokerage, today announced the release of its Linux-based market connection to the Italian Derivatives Market (IDeM); its second generation development to the existing Orc Solaris-based IDeM market connection.
Orcâs testing of its Linux IDeM market connection with Borsa Italiana has been completed, making it the first ISV to provide market connectivity based on Linux in Italy. Orc will continue to support both its Solaris and Linux market connections.
âOrc Software continues to anticipate and deliver leading technology requirements for the global financial industry,â says Matteo Carcano, President Western Europe for Orc Software. âOrcâs latest Linux-based market connection for IDeM adds extra trading performance whilst reducing latency. Algorithmic traders looking for latest performance enhancing development will welcome todayâs news.â
âOrc Softwareâs rapid response to Borsa Italianaâs recent decision to expand capabilities to Linux confirms its commitment to our markets,â says Nicolas Bertrand, Director of derivatives markets, Borsa Italiana. âWith so many clients already using Orc technology solutions and the rapid growth of the IDEM, this is an important development and natural progression that provides improved efficiencies for the Italian derivatives market.â
High performance trading defines the Orc Liquidator solution; the automated trading platform that allows firms to freely define trading strategies applicable on native 100+ markets worldwide. Liquidator enables users to capture latest market opportunities with capabilities for quickly adapting strategies in response to changes in the market.