Crossland's clients will use Orc Market Maker, a server-based trading solution designed for options market making. It leverages Orc's 25 years of experience in building and deploying high-performance options quoting solutions.

Steve Lukes, VP of Americas Sales at Orc, notes, "Options market making is a challenging business, and we are seeing more and more trading firms coming to Orc for our Orc Market Maker solution. Firms like Crossland need to provide fast, scalable, and reliable quoting solutions to their clients, and we are happy to be able to deliver the solution they demand."

Jim Zellinger Executive Vice President at Crossland, comments, "Crossland's trading environment was built for speed, and Orc is a natural fit for us and our clients. We are impressed by the performance, functionality, and reliability of Orc's solutions. Since we serve professional traders we pride ourselves on our commitment to performance and we are happy to see that Orc's goals are similar to ours."

Orc Market Maker addresses the present and future challenges of market makers, including the need for low-latency quoting and to efficiently reach multiple markets using a single interface. It adds key features for sophisticated volatility and pricing management, including a rich volatility management interface and a Volatility Model API which facilitates development of proprietary models. Orc also provides pre-defined and configurable volatility models, as well as built-in pricing models for accurate quoting and hedging.