Orc Software (SSE: ORC), the leading global provider of technology for advanced trading and connectivity, today announced that Kinetic Derivatives Ltd, a privately held trading firm specialized in derivatives, has selected Orc Software to support its newly established trading operations.
The order will be booked in Q1, 2010, and the contract is based on Orc's licensing subscription model.
London-based Kinetic Derivatives will implement an Orc solution to be used primarily for flow/proprietary trading of fixed income derivatives on Eurex and NYSE Euronext Liffe.
"We chose to work with Orc Software based on our experience from trading derivatives," said David Kantor, a founding partner of Kinetic Derivatives. "We have great trust in Orc's solutions and services, and feel they provide best-in-class capabilities and tools for our specific needs. Using the Orc Trading platform will provide us the flexibility and performance to quickly establish our name in the market"
"We are proud to continue our strong business relationship with Peter Tasou and David Kantor as they prepare to enter the market as Kinetic Derivatives," said Lee Griggs, VP Sales UK, France and Middle East, Orc Software. "Kinetic are a determined startup trading firm, which enters the market building on rich experience from the leading global derivatives trading exchanges. We are confident that we will provide a solution which meets all their requirements."