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Orc Trading connects to Solid FX

01 February 2011  |  2573 views  |  0 Source: Orc Software

Orc Software (SSE: ORC), the leading provider of technology and services for the global financial industry, today announced a connectivity offering which provides Orc Trading users with access to the Solid FX currency trading platform.

Newly developed by Solid Trading, B.V., Solid FX is a state-of-the-art currency trading platform, providing deep liquidity in virtually every currency pair. Solid FX offers a transparent platform with a near zero latency matching engine, conforming to the business rules seen on regulated exchanges.

"By adding FIX-based API connectivity between Solid FX and the Orc Trading platform, we enable our customers to benefit from a single counterpart in virtually any FX pair combined with reliable and fast market data," said Christopher Lederer, VP Continental Europe, Orc Software.

A specific advantage for Orc customers is that Solid FX provides a FX currency feed with features that enable clients to more efficiently use Orc Spreader, Orc's specialized product for ultra-low latency, high-frequency arbitrage and spread trading.

"Being the first Orc customer to trade on the Solid FX platform, we are very satisfied with the excellent trading experience. This highly contributes to our fully integrated arbitrage algorithms and has definitely increased our risk management controls, whilst taking full advantage of the FX liquidity offered by Solid FX in all currency pairs," said Ben Bondel, Managing Director, ABR Financial BV.

"We are confident that the synergy between our platform and Orc will result in the best possible FX trading experience," said José Baptista, Director, Solid Trading B.V. "Solid FX is the only true multi-bank ECN based in mainland Europe, offering a single, reliable central counterparty for clearing and settlement combined with low latency, high reliability, full transparency and no execution fees. This makes us a highly attractive FX venue for Orc customers."

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