Cognitive Capital taps Orc for FIX connectivity and risk management

Source: Orc Software

Orc Software (SSE: ORC), the leading global provider of technology for advanced trading and connectivity, today announced that Cognitive Capital, a Chicago-based proprietary trading firm, has deployed Orc CameronFIX for low latency market connectivity as well as Orc Trading for Risk Management.

The order was booked in Q2 2009 and the contract is based on Orc's licensing subscription model.

Cognitive Capital is using Orc CameronFIX to support their low latency, high frequency trading strategies by providing high performance FIX connectivity between their algorithmic trading systems and various equities markets including NASDAQ and NYSE Arca Equities. Their demanding trading environment requires a robust and scalable solution that can handle a large trading volume today and grow with their business in the future.

Cognitive Capital will also use Orc Trading to support their trading with position management information.

"Low latency and high performance are critical aspects of our business. Orc CameronFIX has proven to be a solution with excellent performance that will help us continue to grow our business," notes Aaron Scamehorn, Chief Technology Officer for Cognitive Capital.

"Orc Software focuses on high-performance solutions and we are pleased that Cognitive Capital, with their demanding low-latency trading strategies, is able to meet their needs with our solutions," comments Marty Leamy, President, Americas for Orc Software. "Firms, like Cognitive Capital, with these types of high performance trading requirements are our 'sweet spot', and we are happy to have them on board as a client."

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