Orc Group AB (SSE: ORC), a leading provider of technology and services for the global financial industry, today announced that the Hong Kong based fund manager DragonBack Capital has deployed an Orc Trading solution to support their trading needs in their new Asia volatility strategy, the Sharp Peak Vega Fund.
The order was booked in Q2, 2011, and the contract is based on Orc's licensing subscription model.
"When evaluating trading software, we were looking for a solution that met our advanced execution needs and provided us with excellent volatility and risk management tools. Orc's solution combined with their extensive broker coverage has given us that," says JG Renard, CIO for the new fund. "Orc's proven technology gives us the reach across the Asian Markets that we were looking for and provides a platform we can scale our business from."
"We are really pleased that DragonBack have selected an Orc solution to facilitate their trading across Asia," says Grant Wilson, Regional Sales Manager, APAC, Orc. "DragonBack's choice is further endorsement of Orc's position as a leading provider of advanced trading solutions in the region."
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.