Sweden's Orc Software has launched a hosted version of its Liquidator trading platform that enables users to deploy custom algorithmic derivatives trading strategies with ultra-low latency.
Orc Liquidator Hosted is co-located at the Equinex centre in Chicago - in the same building as the CME matching engine - and also at ICE in Atlanta and in facilities in New Jersey. The system has been designed to provide users with low-latency access to trade execution venues.
Jesper Alfredsson, Orc's head of algorithmic trading solutions, says pressure on firms to deploy complex futures and options strategies quickly is relentless and even the most advanced firms need to co-locate at exchanges in order to minimise latency.
"Orc Liquidator Hosted allows firms to put new custom black box style strategies into the market within weeks," says Alfredsson. "We are also decreasing latency by co-locating at the exchange, and lessening the IT burden by fully managing the server and network connectivity."
The system is connected to CME, CBOT, LIFFE, EUREX and ICE. Orc says a further 100+ markets can be deployed quickly as required.