Orc Software, the provider of technology for advanced derivatives trading and connectivity, announces that BOC International Holding Limited (BOCI) has selected Orc Softwares Algorithmic Trading solution for expanding its trading capabilities. The deal was booked Q2 2008.
BOCI is a wholly owned subsidiary of Bank of China Limited and has been an Orc customer since 2004. The additional function on Orc Algorithmic tool will enable BOCI to increase its market activities in warrants market-making and index options trading. Deploying Orc Algorithmic Trading will also enable BOCI to achieve its business objectives for increasing both warrant issues and the number of instruments, without incurring additional trader costs.
“BOCI is committed to seek out the best trading technologies to support our rapidly expanding business,” says Alex Liu, executive director, head of application development and support at BOCI. “We are very pleased to be increasing our use of Orcs market leading solutions and benefiting from Orc Liquidator; a product with an excellent reputation for meeting advanced trading needs.”
“Orc Software recognizes that BOCI is looking for trading technology helping it to drive the business,” says Dennis Chen, sales director, Asia Pacific, Orc Software. “We are pleased to be working more closely with BOCI by applying our market knowledge, expertise and solutions.”