Orc Software (SSE: ORC), the leading global provider of technology for advanced derivatives trading and connectivity, today announced Samsung Futures has rolled out increased bandwidth capabilities, provided through Orc's Liquidity Access solution, to give global customers enhanced low-latency, high throughput connectivity to Korean markets.
Samsung Futures has set a new benchmark by making a significant bandwidth upgrade to offer customers optimal trading capacity to meet their growing demand for fast, reliable market access. Samsung Future's latest initiative is driven by the growing adoption of Orc's Algorithmic Trading solution and the resultant increase in demand for high throughput, low-latency market access.
Korean-based Samsung Futures, an Orc Software customer since 2007, is considered one of the market leaders in electronic trading for the Korean futures market. Buy and Sell-Side firms throughout Asia, Europe and North America rely on Samsung Futures for advanced electronic trading services.
"As the leading options market by volume worldwide, Korea is increasingly attracting global interest for tapping local liquidity. Samsung Futures is committed to making significant investments in our customer offering and continually looking for enhanced trading capabilities that will deliver market edge," says K.Park, Head of Int'l Sales & Trading Team, Samsung Futures. "We are pleased to be increasing our use of Orc's Liquidity Access solution to offer customers low-latency, high throughput connectivity via the Orc ExNet."
Through Orc ExNet, Samsung Futures continue to meet increasing market demand for high volume, high speed access to the Korean markets. We are really pleased to help facilitate the level of service Samsung Futures want to provide to their customers," says Dennis Chen, Sales Director Asia Pacific, Orc Software."
Orc Software's latest deal with Samsung Futures was booked in Q3 2008.
Orc Liquidity Access provides traders with the solution for fast, reliable access to derivatives and cash markets globally. The solution enables access to 100+ low latency markets via membership, and gives exchange non-members reliable connectivity to 90+ markets worldwide.