Orc Software (SSE: ORC), the leading global provider of technology for advanced trading and connectivity solutions, today announced ABR Financial has selected Orc Software to support its entire electronic trading operations.
The Orc Trading and Orc Connect solution implemented by ABR Financial includes proprietary trading, market making, algorithmic trading and Direct Market Access (DMA). ABR Financial is a privately held trading firm based in Amsterdam, the Netherlands, mainly focused on the financial markets in the Benelux region. The order was booked in Q2, 2009, and the contract is based on Orc's licensing subscription model.
"Our detailed evaluation of electronic trading solutions convinced us that Orc offers the right solution for all our business needs," said Walter Hendriks, Managing Director, ABR Financial. "We are truly impressed by the capabilities and performance of Orc Trading, plus the quick and effortless implementation."
"ABR Financial is a sophisticated customer that appreciates the rapid time to market offered by Orc," said Christopher Lederer, Vice President Sales Western & Central Europe, Orc Software. "Using Orc's turnkey approach and dedicated implementation support, ABR were able to execute algorithmic trading on multiple markets and across various asset classes within a week after signing our agreement."