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Orc News

Orc News – Issue 22, September 2013

Greetings

Hello and welcome to another edition of the Orc newsletter.  We've had an exciting quarter with many developments including the launch of our Professional Services offering, enhancements to our trading performance and the announcement of a new Chief Operating Officer.  Please scroll down for more information on all of these topics as well as new webinars and events in which you can find us!

Warmest regards,

The Orc Team

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Professional Services Launched

At the beginning of 2013, Orc launched its Professional Services offering.  As we approach the last quarter of 2013, we are delighted to inform you that we have already delivered a significant number of successful projects and services.  We have helped our customers to consolidate their installations and save costs; expand their business to new venues, pursue expansion plans and enhance the performance and availability of their Orc systems. Read more>>

We took advantage of Orc’s Professional Services offering to rapidly integrate this server into our trading frameworkWe trusted Orc to handle the server configuration and the fine-tuning of our trading performance so we could maintain focus on our business operations.
  >> Alex Gerasev at Quanterra Advisors LLC
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Product Announcement

Introducing Orc FIX Access

Many firms have multiple ISV or in-house trading platforms, each with their own set of native exchange gateways in addition to a standard FIX adapter for broker access. These islands of connectivity limit the users of each specific platform to trading only those markets which that particular platform supports.

Orc FIX Access, a new product in Orc's stand-alone market access offering, lets you connect any FIX-enabled trading systems to any of Orc's native exchange gateways. No coding required.

Customers use Orc FIX Access to easily share their existing Orc gateways with other trading platforms, reach new markets or route FIX order flow to member markets. Full drop-copy capabilities provide a complete transaction trace to ensure compliance with internal or external auditing.

Orc FIX Access is currently available to pilot customers globally. Let us know if you would like to pilot Orc FIX Access.

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Market Connectivity

Orc introduced a new market data solution, the NYSE Integrated Book XDP multicast interface, for customers trading NYSE Arca Equities. Together with this native market data feed and the ArcaDirect 4.1 transaction feed, customers will be able to take advantage of this low latency trading solution.

Also, Orc is excited to announce that customers in Asia can now extend their market reach using Orc Trade Access.  The new supported venues include Australian Stock Exchange, Hong Kong Stock Exchange, Japan Exchange Group, National Stock Exchange, Singapore Exchange; and Tokyo Stock Exchange for cash markets.

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Company News

Interim report Orc Group Holding AB January 1 - June 30, 2013

This interim report refers to Orc Group Holding AB (publ) - (formerly Cidron Delfi Intressenter AB (publ)) - and the Orc Group Holding Group for the period from January 1 to June 30, 2013. Read more>>

Troels Philip Jensen to lead Orc's global expansion as Chief Operating Officer

Orc announced that Troels Philip Jensen has been appointed Chief Operating Officer to support Orc’s global strategic objectives and growth. He succeeds Matteo Carcano who left the company in August 2013. Read more>>

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Customer News

Quanterra Advisors leverages Orc's technology expertise for hardware replacement and ad-hoc tuning

Orc announced that Quanterra Advisors LLC has leveraged Orc’s recently launched Professional Services offering to help them with server configuration and trading preparation. Read more>>

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  Technical corner
     
 

Orc has always been committed to delivering low-latency, high-throughput solutions to its customers. Over the past several months, a new directed effort has been taken to accelerate performance gains throughout the Orc product line. Many of these benefits will become available with no additional effort besides an upgrade to the latest version, while other improvements are newly introduced functionalities geared towards customers where latency cannot be compromised.

New performance features and techniques:

  • Reduce interprocess communication latency between Liquidator and exchange gateways by implementing shared memory interfaces.
  • Eliminate unnecessary memory accesses when sending and receiving data by utilizing zero-copy techniques.
  • Support for FPGA market data to deliver ultra-low latency price feeds.
  • Multiple performance improvements in Orc Market Maker, such as advanced custom data structures and algorithms, latency-optimized safety checks, and sophisticated theoretical price extrapolation and caching techniques.

Performance analysis tools:

Did you know that Orc provides an extremely low-overhead performance tracing framework that lets you monitor trading activity for all components in the Orc system? Our End2End framework measures activity down to the microsecond level without impacting latency, and comes with tools to generate reports, statistics, and graphs for easy analysis of whole-system performance. Additionally, with the release of 2013.3, Orc Liquidator strategies now have full access to the End2End framework, making it possible to set custom checkpoints within your trading strategies in order to fine-tune real-world performance of proprietary trading logics.

We at Orc are proud of the achievements delivered with these new features and techniques and will continue to offer the best performing products possible to our customers. For further details or to obtain product releases containing these new improvements and additions, please contact your local Orc office.

 
   
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Delivering Trading and Market Access Solutions for a Competitive Edge Since 1987.

 

 

 

Meet us at upcoming events

SIX Swiss Exchange Service Providers Outreach Event

September 26, 2013, SIX Swiss Exchange, ConventionPoint

FIA Futures and Options Expo

November 5-7, 2013 Hilton Chicago

The Nordic Trading Room

November 12, 2013, Grand Hotel Stockholm

View our webinars

Orc’s webinars provide insight into how Orc Trading works and how it can meet the needs of traders. See Orc in action on the markets and instruments that are important to you.

Orc and Blue Trading Systems Enhance Trading Opportunities

Orc Market Maker in the Americas

Orc Market Maker in EMEA

Energy Options Market Making on CME Group/NYMEX

Brazilian Equity Options Market Making

Equity Options Market Making

European ETF Trading

Volatility Trading

FX Options Trading with CME Group

Canadian Derivatives Trading with Montréal Exchange

More >>

Read our articles

How fast is fast enough?      

The evolution of sponsored access     

Statistical Arbitrage: Low-latency automation of complex trading strategies      

Opportunities in Brazil

High Frequency Arbitrage and Spread Trading

More >>

     
 
     
         
 

EMEA contact information

 

Americas contact information

 

APAC contact information

   

About

 
           
 

Stockholm: +46 8 506 477 00
Amsterdam: +31 20 881 30 85
London: +44 20 7942 0950
Milan: +39 02 805 807 1
Moscow: +7 495 771 69 12
Paris: +33 1 7302 8995

sales_emea@orc-group.com

 

New York: +1 212 351 7600
Chicago: +1 312 541 4180

São Paulo +55 11 2131 4431

sales_americas@orc-group.com

 

Hong Kong: +852 2167 1950
Sydney: +61 2 9240 2400
Tokyo: +81 3 4360 9132

Mumbai +91 22 6617 2802

sales_apac@orc-group.com

   

Orc develops and provides the tools needed to run profitable trading and brokerage businesses.

 




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USA

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