16 August 2017
visit www.avoka.com

Banca Aletti launches derivatives products with Orc Trader

09 January 2008  |  1605 views  |  0 Source: Orc Software

Orc Software (SSE: ORC), the leading global provider of technology for advanced derivatives trading and connectivity solutions, today announced leading Italian bank and established Orc Software customer, Banca Aletti, has utilized Orc technology to launch two new Certificates for basket of stocks on the Italian Securitised Derivatives Exchange, SeDeX.

The new Certificates (AL7499 and AL8461) make use of Orc's covariance matrix for derivatives based on baskets of correlated securities.

"Banca Aletti's decision to utilize Orc Trader was based on the sophisticated pricing and quoting functionality provided, thereby enabling us to develop proprietary models while also making use of Orc's covariance matrix functionality," says Alessandro Garufi, Banca Aletti's head of Equity Structured Products. "We are pleased the Orc solution delivered to our exact requirements."

Antonio Guidi, Orc Software's Sales and Account Manager for Western Europe says: "Orc Software is pleased to deliver additional enhancements and market advantage for Banca Aletti in the critical areas of pricing and quoting."

Banca Aletti, the investment bank of Banco Popolare (MTA: BP), and an established Orc Software customer since 2004, today uses Orc technology including Orc Trader, Orc API and Orc market connections for the Italian Derivatives Market (IDEM), Italian Stock Exchange's (MTA), Securitised Derivatives Exchange (SeDeX), Mercato Alternativo dei Capitali (MAC), Eurex, Xetra, Euronext and Euronext.Liffe.Financials.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.dorsum.euvisit www.worldpaymentsreport.comdownload the paper now

Top topics

Most viewed Most shared
Coinbase raises $100mCoinbase raises $100m
10131 views comments | 14 tweets | 14 linkedin
DBS Bank launches online car selling marketplaceDBS Bank launches online car selling marke...
9473 views comments | 13 tweets | 11 linkedin
China preps central clearing house for mobile payments providersChina preps central clearing house for mob...
9261 views comments | 8 tweets | 15 linkedin
HSBC automates documentary trade processing with IBMHSBC automates documentary trade processin...
8326 views comments | 6 tweets | 21 linkedin
Monzo appoints Curve co-founder Foster-Carter COOMonzo appoints Curve co-founder Foster-Car...
7794 views comments | 1 tweets | 2 linkedin

Featured job

Find your next job