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Greetings,
This quarter we shine the spotlight on new features Orc has introduced including the Quote Notification Window and the Gateway Development Kit. We also have exciting news about connectivity to exchanges in India along with our regular highlights of new and expanded business featuring the Korean Investment & Securities Co. Ltd., MXF Trading and Newside.
As always, we welcome your feedback on the newsletter, so please do drop us a note at newsletter@orc-group.com.
Warmest regards,
The Orc Team |
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Orc Feature of the Quarter:
Quote Notification Window Monitors Quoting Issues
Market makers using Orc now have a powerful new tool at their disposal. The Quote Notification Window provides a single window to detect and resolve quoting issues across all underlying instruments and is applicable to Orc Trader, Orc Market Maker, and Orc Liquidator.
The Quote Notification Window works by monitoring several instrument parameters which control quoting, and when one or more such parameters are tripped, a notification is presented in the window. The trader can then choose to resolve, dismiss, or inspect a notification depending on the situation.
Learn more>>
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Company news |
Orc releases next generation derivatives market making application for Asia
Orc, a leading provider of technology and services for the global financial industry, announced the regional launch of Orc Market Maker, a server based solution that combines the speed, scalability and rich functionality demanded in today’s competitive markets.
Read more>> |
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Orc integrates with Cscreen to provide OTC pricing and reporting functionality
Orc announced that it has integrated the Orc Trading products with Cscreen, NYSE Liffe’s global pre-trade price discovery platform, providing traders with a more efficient way of interfacing Indications of Interests (IOIs) for equity and index derivatives from inter-dealer brokers (IDBs).
Read more>> |
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Customer news |
Korean Investment & Securities Co. Ltd. selects Orc to offer low-latency access to Korean markets
“We’re really pleased to work with Orc to provide high performance market access to the Korean futures and options markets,” says John Yoo, International DMA Head of Sales, Korean Investment & Securities Co. Ltd. “Orc is well known in Asia for their leading-edge trading technology and we are glad to be in a position to leverage their solutions within our brokerage business. This powerful addition will further enhance our efforts to satisfy the diverse trading needs of clients.” Read more>> |
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Orc Market Maker leveraged for advanced options trading by Brazilian market maker
Marcelo Sacomori is using Orc Market Maker, a server-based trading solution designed for options trading and quoting, to quote options on futures on the BM&FBOVESPA. Sacomori commented, “Orc Market Maker has been a very good fit for my trading. I needed a solution that was fast, easy to use, and painless to deploy. Orc fit these needs perfectly with a very fast and reliable trading platform that will help increase my business in this market.” Read more >> |
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MXF Trading leverages Orc Market Maker for agricultural options market making
Mike Fairman, Trader at MXF Trading, comments, “Orc is a natural fit for us because we demand both speed and accuracy. We are impressed by the performance, functionality, and reliability of Orc’s solutions. With Orc, we’re able to win more trades and better manage our risk.” Read more >> |
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Orc enters service partnership with Newside to support expansion in France
We very much look forward to working with Orc, which is an industry reference in trading technology solutions for market making, connectivity and derivatives trading in general,” said Christophe Castellani, Managing Director, Newside. “We will realize great client benefits by combining our respective strengths to deliver more sophisticated solutions while reducing time to market.”
Read more >> |
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Orc provides low-latency market connectivity to Indian exchanges
“Orc was the obvious choice for our trading solutions when we registered for the market making program with the BSE,” comments Rajesh Baheti, Managing Director, Crosseas Capital Services Pvt. Ltd., a joint client of Orc and E2E Infotech (E2E). “In addition to the speed, Orc’s trading front end offers the rich functionality that our business needs for making markets on listed derivatives.”
Read more >> |
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Market Connectivity Update |
Gateway Development Kit Provides Custom Connectivity
Orc customers can now take advantage of our Gateway Development Kit, which enables users to build custom connectivity to exchanges, brokers, in house order management systems and market data systems or vendors.
The Gateway Development Kit integrates with the Orc Trading products and provides customers with the ability to expand the use and reach of their Orc Trading installation. Learn more>> |
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Technical corner |
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Orc introduces the Independent Gateway Release Program
In our continuing effort to provide exceptional service to our customers, Orc will be able to deliver a single market gateway independent of other market gateways by decoupling software distributions. For these market upgrade requests, Orc will offer immediate response times. For more information please read this client advisory for details.
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REMINDER: Informix version 10.0 is no longer supported
We would like to remind customers that IBM Informix Dynamic Server (IDS) version 10.0 is no longer supported, effective since June 1, 2012. We originally announced this change in June 2010 and followed up in November 2011.
If you are still utilizing IDS 10.0, please read the Orc End Of Life policy and upgrade to IDS 11.7 as soon as possible.
Also, please read this document for the compatibility matrix between the various Orc System versions, server operating systems, hardware architectures and database servers.
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Meet us at upcoming events |
FIA/FOI International
Derivatives Expo
June26-27, 2012, The Brewery, London
FIA Japan Conference 2012
July 25-27, 2012, Palace Hotel Tokyo
Open Day Deutsche Börse
IT Conference
September 6, Eschborn, Germany
Securities Trading Outlook
September 11, 2012, Hilton Slussen, Stockholm
Screen Event 2012
September 27, 2012,Grand Hotel Krasnapolsky, Amsterdam
FIA Futures and Options Expo
October 31-November 1, 2012, Hilton Chicago
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View our webinars |
Orc Market Maker in the Americas
Orc Market Maker for EMEA
ICE Advanced Options
Trading Webinar
Introduction to basic risk management in Orc Trader with integration to the Algorithmica risk analysis tool
CME Energy Options Market Making Webinar
Equity Options Market Making Webinar
Orc Spreader Demonstration
More >>
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Read our articles |
How fast is fast enough?
The evolution of sponsored access
Statistical Arbitrage: Low-latency automation of complex trading strategies
Improving Trading Performance - Get the right information from your trading screen
Opportunities in Brazil - Taking Advantage of a Growing Market
More >>
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