Orc connects with Spanish cash market

Source: Orc Software

Orc Software (STO:ORC), the leading global provider of technology for advanced derivatives trading and connectivity solutions, today announced SMART Warrants connectivity for local Spanish customers and worldwide participants to the Spanish Stock Exchange Interconnection System (SIBE).

The new technical platform of the Spanish cash market is scheduled to go live on February 16, 2009 and provides market participants with significant performance enhancements and higher flexibility.

"The Spanish warrants and certificates market has reported a noteworthy increase in the number of issues and trading volumes during the last few years; the adoption of a more efficient technical platform is evidence that the Exchange has decided to favor such a positive market trend," says Pasquale Ricci, Orc Sales Manager for Spain." Orc is proud to announce the release of the new SIBE SMART market interface as an active response to the financial markets technical roadmaps."

"Financial institutions choosing Orc market connection will not only benefit from a fast and reliable interface but also from all the advanced trading and risk management functionalities available in our solutions," says Matteo Carcano, President EMEA at Orc Software. "Our covered warrants market making functionalities, globally proven and highly appreciated by the main European issuers, will further contribute to the expansion of the Spanish warrants market".

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