Orc Software (SSE: ORC), the leading global provider of technology for advanced trading and connectivity, today announced that the company has become an approved Independent Software Vendor (ISV) on the Dubai Gold & Commodities Exchange.
Orc Software provides advanced trading and connectivity solutions that enable market participants to capture the latest opportunities in an automated environment. These include solutions for low-latency algorithmic trading, arbitrage, market making and risk management. DGCX members and clients can now benefit from Orc Software's trading and pricing tools.
Commenting on the benefits for members, Eric Hasham, Chief Executive Officer, DGCX, said, "We are delighted that Orc has become an Independent Software Vendor on DGCX. The alliance with Orc forms part of the Exchange's goal to provide a wide range of market access and technology solutions to members."
Eric Hasham said the Exchange was constantly exploring ways to scale up front end applications for trading on the DGCX platform, as part of its strategy to offer more value and low latency connectivity to participants.
"As a leader in derivatives trading and connectivity, Orc brings the latest technology to DGCX members. Orc's key strength is our solid understanding of customers' requirements and the constantly changing trading environment," said Lee Griggs, VP Sales UK, France and the Middle East, Orc Software. "This enables us to deliver market leading solutions that maximize trading results to both large institutions and small trading firms."