Orc Software (SSE: ORC), the leading global provider of technology for advanced derivatives trading and connectivity solutions, today announced that leading global Inter Dealer Broker (IDB) Tullett Prebon has signed an agreement for using Orc Trading as the main derivatives trading platform for their listed derivatives trading desk in Paris.
The order was booked in Q1, 2009.
"We selected Orc Trading because of its superior level of sophistication and proven robustness," says Olivier Pierre, Head of Continental Europe IT. "The Orc solution will help Tullett Prebon to develop our service offering and provide first-rate services to our clients based on a strong reliable trading platform."
"Tullett Prebon is one of the big four IDBs, and we are honored to work with them on the listed derivatives side of their business," says Michel Balter, Sales Director France, Orc Software. "With Orc as their main trading solution in Paris, Tullett Prebon has a strong and flexible solution on which to grow their business, and we look forward to supporting their operations and future developments."
Orc Trading is used by leading financial firms worldwide for enhanced trading and risk management of electronically traded derivatives. It encompasses both screen-based trading and algorithmic trading for firms to trade any listed instrument, across all asset classes, on 100+ markets.