Orc Software (SSE: ORC), the leading global provider of technology for advanced derivatives trading and connectivity, today announced Matlock Capital, a Chicago-based trading firm, has deployed Orc Software's Liquidator for its equity options market making solution.
"We required a robust solution for market making that integrated well with our internal systems. In addition, we needed a solution which provided extremely low latency, support for penny-priced stocks, and strong connections to the CBOE. Orc delivered the best solution to meet our needs," notes Steve Crutchfield, Director of Operations for Matlock Capital.
"We are delighted that Matlock Capital chose Orc Liquidator for its strength in market making capabilities," said Jesper Alfredsson, Head of Algorithmic Trading for Orc Software. "More and more firms are realizing the power of using Orc Liquidator, and we are seeing tremendous growth in demand for our solutions."
Orc Liquidator is a black box trading system that allows the rapid deployment of custom trading strategies at a processing speed of over 20,000 orders per second with sub-millisecond latency. Among the custom strategies commonly deployed on Liquidator are options market making, cross market futures spreads, listed spread vs. synthetic spread, pairs trading, volatility trades, currency cash and futures arbitrage, and local exchange vs. ADR. Orc Liquidator, available as either a deployed or hosted solution, has connectivity to over 100 exchanges worldwide.