G H Financials selects Orc electronic execution system

Source: Orc

Orc, the global leader in derivatives trading technology, today announced that G. H. Financials, a leading clearing and settlement services provider, has chosen Orc's Electronic Execution solution to support its expansion into the options clearing business globally.

Delivered as a managed service, it enables G. H. Financials to provide their clients with low latency, ESMA compliant market access together with advanced pre-trade risk management.

For G. H. Financials, Orc's comprehensive Electronic Execution solutions meet their requirements for performance and control, while reducing operational risk, cost and demands on the firm's internal resources. The selection also rests on Orc's global strength, including the ability to deliver high-end solutions and services in all major financial centers.

"In our thorough evaluation, Orc emerged as the clear technology leader, both in terms of meeting our local and global requirements and, equally importantly, as the preferred partner for our clients' options trading solutions," said Steve Martin, COO, G. H. Financials. "Orc's ability to deliver their comprehensive solution as a managed service and an unparalleled combination of risk and compliance, market access and execution capabilities were the key factors for our selection. We are also impressed by Orc's roadmap, which confirms that their long term view is aligned with our strategic intentions."

For G. H. Financials, an important reason for partnering with Orc, was also the business opportunity within options trading presented by Orc's solution, which combines high-performance tools and market presence to deliver an unmatched buy-side to sell-side offering for high frequency derivatives trading. The offering provided by G. H. Financials builds on Orc's renewed modular Trading and Electronic Execution offerings, which were introduced in early 2014, complemented by Professional Services.

"The partnership with G. H. Financials confirms Orc's successful transformation into a platform provider with an expanded solutions offering for global derivatives execution," said Jesper Alfredsson, Chief Strategy Officer, Orc Group AB. "Our roadmap explains how we read the market and what we offer firms that partner with us. Also, Orc's commitment to substantial, continuous R&D investment means that clients know where their platform is going and how it helps grow their business."

G. H. Financials recently opened a Hong Kong office, as part of the firm's plan to expand reach and services for clients in Asia and the Americas. The Orc solution, planned for deployment in Q2 2014, is also built to support these initiatives.

"We are very pleased to welcome G. H. Financials and their clients to Orc," said Lee Griggs, President EMEA, Orc. "Our new normalized, modular and optimized architecture continues Orc's proud history as the leading technology innovator in the derivative space and thus facilitate the expansion envisioned by G. H. Financials." 

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