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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
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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>>
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We took advantage of Orc’s Professional Services offering to rapidly integrate this server into our trading framework. We trusted Orc to handle the server configuration and the fine-tuning of our trading performance so we could maintain focus on our business operations. |
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>> Alex Gerasev at Quanterra Advisors LLC |
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Product Announcement
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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
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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
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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>>
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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
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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 |
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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:
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Reduce interprocess communication latency between Liquidator and exchange gateways by implementing shared memory interfaces.
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Eliminate unnecessary memory accesses when sending and receiving data by utilizing zero-copy techniques.
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Support for FPGA market data to deliver ultra-low latency price feeds.
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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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