The order was booked in Q2, 2011, and the contract is based on Orc's licensing subscription model.

Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. (MUMSS) is a subsidiary of Mitsubishi UFJ Financial Group, Inc., with global presence in Asia, Europe and North America. The firm is offering various services of market products/investment banking/research for both wholesale and retail clients.

"After evaluating the market making solutions available, Orc proved to have the scope of functionality we were looking for to scale up our options trading on the exchange, as well as the architecture needed to ensure that our minimal latency requirements were met," says Hizuru Konishi, Chief Manager, Equity Derivatives Division, Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. "We are especially impressed with Orc's high standard of services and support, and recognize their qualities as a true market leader in the advanced trading space."

"We are proud that MUMSS has selected Orc to enhance its market making capabilities, which also builds a solid foundation for its future expansion into new trading venues," says Yoshiyuki Minowa, Sales Director, Japan, Orc Group. "MUMSS's choice further strengthens our goal to become the preferred advanced trading technology provider for the Japanese trading community. We believe more and more trading firms in Japan will continue to leverage Orc's proven technology to gain an edge in the evolved trading environment."

The Orc Trading solutions are used by leading financial firms worldwide for market making, volatility trading and high-frequency trading. Together with access to all major cash and derivatives markets and a network of brokers, this is truly an unmatched offering. Orc Trading is available both as deployed software and as a managed service.