16 October 2017
Register now

Fondsfinans signs for Orc XG

14 October 2010  |  1902 views  |  0 Source: Orc Software

Orc Software (SSE: ORC), a leading provider of technology and services for the global financial industry, today announced that Fondsfinans ASA, an Oslo-based investment firm, has selected Orc XG as their direct market access platform.

In addition, Fondsfinans will use Orc Trading for its proprietary trading and market making operations. The order was booked in Q3, 2010, and the contract is based on Orc's licensing subscription model.

"Fondsfinans is committed to delivering best execution to our clients, and we trust Orc to provide the comprehensive package of tools we require to extend this vision into the future," said Anders Høyem, Head of Sales, Fondsfinans ASA. "Our industry is evolving rapidly and we are working diligently to adapt to our clients' needs, as well as regulatory requirements. Using the Orc XG services together with the Orc Trading solution, will help make our operations more efficient, while supporting expansion and further development of our execution and trading activities."

"With Orc XG we are pleased to deliver the smart order routing and execution capabilities Fondsfinans needs to effectively handle market fragmentation and the unsure regulatory environment we are currently in", said Peter O Bäck, Vice President Sales Nordic, Orc Software. "Since Orc XG is provided as a managed service we can also provide a solution with low total cost of ownership. The fact that Fondsfinans choses Orc Trading proves our ability to deliver best of breed solutions for both trading and brokerage."

 

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.niceactimize.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
14322 views comments | 11 tweets | 3 linkedin
Taiwan's Far Eastern International Bank suffers malware attackTaiwan's Far Eastern International Bank su...
13030 views comments | 16 tweets | 22 linkedin
Monzo fends off suitors as current account upgrade beginsMonzo fends off suitors as current account...
8938 views comments | 17 tweets | 14 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
7846 views comments | 15 tweets | 20 linkedin
Ripple blockchain network hits 100-member markRipple blockchain network hits 100-member...
7573 views comments | 13 tweets | 13 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job