Interactive Data Corporation, a leading provider of financial market data, analytics and related solutions, today announced that Interactive Data 7ticks is providing a range of trading infrastructure services and market connections to Orc Software (STO:ORC), a leading provider of technology and services for the global financial industry.
These managed services will be delivered to the newly launched Orc Hosted service, for use by financial firms worldwide in their advanced electronic trading of derivatives.
"It is essential for Orc to team up with firms who share our quality standards while adding to our high-performance trading infrastructure," said Joacim Wiklander, chief strategy officer, Orc Software. "Interactive Data not only meets these requirements, but also has rich industry experience, ensuring that our views and insights on customer satisfaction are well matched."
The Orc Hosted service offering, which is housed in the Interxion data center in London, is based on a fully-supported trading infrastructure built for robustness, speed, and reliability. It includes a wide range of managed trading services as well as connectivity to major cash and derivatives exchanges, MTFs and brokers.
"We are delighted to enter this agreement with Orc Software and look forward to contributing to the successful introduction of the Orc Hosted service," said Joe Bigane, managing director, Interactive Data 7ticks. "We are committed to providing a wide range of services to help meet the rapidly evolving needs of the electronic trading community."
Interactive Data 7ticks is a global provider of managed ultra-low latency services to facilitate electronic trading. These services include co-location, proximity hosting, direct market access, advanced monitoring, ultra-low latency infrastructure, connectivity, and support.