Orc Software (SSE: ORC), the leading global provider of technology and services for advanced trading in financial instruments, today announced that Stormtech Financial Services AB, a Stockholm-based independent trading firm, has selected Orc to supply the firm's main electronic trading tools.
The order was booked in Q2, 2010, and the contract is based on Orc's licensing subscription model.
"Once we had made the decision to implement our own electronic trading facilities, having Orc supply our trading solution was clearly an easier choice," said Bengt Meeks, CEO, Stormtech. "Orc provides just the kind of functionality that we require, not just for trading and market connectivity, but also when it comes to integration with in-house developed systems and back-office functions."
Stormtech has implemented an Orc Trading solution with connectivity and integration options, including a low latency market data feed.
"We are pleased to supply Stormtech's preferred trading solution, and look forward to support their firm's future success by delivering the tools that help them maintain a competitive edge," said Peter O Bäck, Vice President Sales Nordic, Orc Software.