21 January 2018
visit http://response.ncr.com

Öhman Fondkommission selects Orc algo trading technology

02 February 2010  |  1231 views  |  0 Source: Orc Software

Orc Software (SSE: ORC), the leading global provider of technology for advanced trading and connectivity, today announced that Öhman Fondkommission, an investment bank based in Stockholm, Sweden, has selected Orc's algorithmic trading solution to support the firm's planned expansion into new areas of trading.

The order was booked in Q1, 2010, and the contract is based on Orc's licensing subscription model.

A long time Orc Trading user, Öhman Fondkommission will add seats and has selected Orc Trading for Algorithmic Trading to support its newly formed team for warrants trading, Exchange Traded Funds quoting (ETFs), and arbitrage trading.

"Orc Trading has been our key trading solution for several years, and we were pleased to conclude that Orc still provides the solution of choice when it comes to supporting the expansion of Öhman's trading operations," said Pontus Barrné, Chief Financial Officer, Öhman. "Our traders are very comfortable with using Orc Trading, and we now look forward to working with Orc to build a first-class algorithmic trading solution."

"We are proud to provide Öhman with a solution that provides a very flexible, yet robust solution that is well proven, and we look forward to providing tools to develop their trading business further," said Peter O Bäck, Vice President Sales Nordic, Orc Software. "Öhman's choice also reflects that Orc Trading is a highly scalable solution capable of handling growing volumes and increasing numbers of instruments."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.capgemini.comvisit www.thomsonreuters.infovisit www.vasco.com

Top topics

Most viewed Most shared
Europe begins Open Banking era in subdued styleEurope begins Open Banking era in subdued...
13038 views comments | 33 tweets | 38 linkedin
BofA leads on blockchain patentsBofA leads on blockchain patents
8296 views comments | 12 tweets | 12 linkedin
Standard Chartered establishes fintech innovation and investment unitStandard Chartered establishes fintech inn...
8201 views comments | 14 tweets | 14 linkedin
hands typing furiouslyFintech Adoption is About People, Not Tech
7227 views 1 | 7 tweets | 2 linkedin

Featured job

Find your next job