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Orc provides TradElect connectivity to Borsa Italiana members

27 February 2008  |  1483 views  |  0 Source: Orc

Orc Software (SSE: ORC), the leading global provider of technology for advanced derivatives trading and connectivity solutions, today announced TradElect connectivity for local Italian and worldwide members of the financial industry affected by the impending merger of Borsa Italiana with the London Stock Exchange.

Members of the Italian Exchange are working with Orc Software to streamline market access and meet the LSE's tight migration schedule for Borsa Italiana. Phase one of the migration is scheduled for September 2008 when stocks traded on the MTA market will be migrated onto the LSE platform.

"The merger of Borsa Italiana and the London Stock Exchange creates immediate cross-market opportunities for banks and brokers in Italy and the UK," says Matteo Carcano, Head of Western Europe, Orc Software. "Today Orc Software can deliver to members of Borsa Italiana MTA market a ready-to-use, fully proven connectivity module to TradElect and Infolect thus making their migration to the new trading platform seamless and cost effective."

The merger of Borsa Italiana and the London Stock Exchange creates one of the biggest diversified exchange group's in Europe for the listing and trading of equities and the electronic trading of ETFs, securitised derivatives and fixed income products. It creates cross-market access opportunities via the operation of both markets on TradElect, the London Stock Exchange's trading platform.

Orc Trading and Orc Connect provide customers with the tools for making the best trading and connectivity decisions... strong analytics, unmatched market access, powerful automated trading functionality, high performance futures and options trading capabilities, ultra-low latency, and risk management.

Orc Connect provides traders and brokers with fast, reliable access to liquidity pools, both for market members and non-members, in the critical areas of execution, market data and reference data.

Orc's customers include leading worldwide investment banks, trading and market-making firms, exchanges, brokerage houses, institutional investors and hedge funds.

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