Orc Software, the provider of technology for advanced trading, market making and brokerage, has released the latest version Orc Trader and Orc Liquidator. Release highlights for version 6.1 include new volatility API and models, new market connections, transaction analytics & reporting, click trading enhancements, as well as further improvements enabling high performance DMA to global markets.
“Orc Trader and Liquidator provide the best fit solutions for automated trading, advanced click trading and market making across multiple markets,” says Thomas Bill, the CEO of Orc Software. “These areas represent the fastest growing styles of trading and have resulted in Orc winning a record number of new customers during 2006. This development release shows our commitment to continually improve Orc Trader and Liquidator to our customers’ advantage.”
Orc Version 6.1 responds to increased demand for advanced volatility management capabilities applied for quoting and risk. The Orc platform now provides an open API for the flexible integration of volatility models. Customers can choose to implement their own proprietary volatility models or utilize the models provided by the Orc system. The new version also includes a number of new models.
Orc has added four new direct market connections to ICE (commodities), EBS (foreign exchange), BrokerTec (fixed income) and Russian Trading Systems (equities); further strengthening its position as a true provider of multi-asset class systems. During 2006 Orc has developed a total of nine new market connections. Significant improvements to optimise throughput and performance have also been made to existing connections for CME, CBOE and Eurex.