23 August 2017
Find out more

Caerus Trading expands market making with Orc

25 May 2010  |  3336 views  |  0 Source: Orc Software

Orc Software (SSE: ORC), the leading global provider of technology for advanced trading and connectivity, today announced that Caerus Trading BV, an Amsterdam-based market making firm, has selected an Orc Trading solution to support its market making operations, which is primarily focused on listed equity and index options trading. The order was booked in Q4, 2009, and the contract is based on Orc's licensing subscription model.

"Our competitiveness rests on a solid market making strategy where algorithmic trading plays an increasingly important role," says Bas Walraven, Partner, Caerus Trading. "As we are building a fully customized strategy, flexibility is the key requirement on our trading software tools. When looking at the market making solutions available from software vendors, Orc proved to have the most flexible algorithmic trading engine, which also makes us very competitive in terms of latency when trading on opportunities or hedging options trades."
As a young and dynamic company, Caerus Trading aims to become a leading trading firm on several exchanges with initial focus on NYSE Liffe Amsterdam and Paris. The firm plans for a significant expansion in terms of markets traded in the future.
"We are very pleased to have Caerus as a customer, with their rich experience from the Amsterdam derivatives market," says Christopher Lederer, VP Sales Continental Europe, Orc Software. "Caerus' choice, which followed upon extensive evaluation, testifies to the strength of Orc's market making offering."
By including trading risk management functionality offered by Orc, Caerus makes full use of Orc Trading as a comprehensive market making solution. The firm does significant research in volatility modeling for index options market making, which makes the ability to add their own volatility model to the Orc Trading solution a significant feature, allowing Caerus to fully exploit their research findings.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.dorsum.euvisit www.worldpaymentsreport.comdownload the paper now

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
12803 views comments | 27 tweets | 23 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
11415 views comments | 22 tweets | 34 linkedin
Australia regulates digital currenciesAustralia regulates digital currencies
10595 views comments | 21 tweets | 35 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
10531 views comments | 10 tweets | 8 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
10469 views 0 | 6 tweets | 1 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job