Orc Group AB (SSE: ORC), a leading provider of technology and services for the global financial industry, today announced the North America availability of Orc Market Maker, a high-performance market making product designed for today's competitive market making environments.
Available as deployed software and as a managed service, Orc Market Maker addresses the present and future challenges of market makers, including the need for low-latency quoting and to efficiently reach multiple markets using a single interface. It adds key features for sophisticated volatility and pricing management, including a rich volatility management interface and a Volatility Model API which facilitates development of proprietary models. Orc also provides pre-defined and configurable volatility models, as well as built-in pricing models for accurate quoting and hedging.
Orc Market Maker features a server-based engine for rapid, scalable trading and support for co-location at exchanges to minimize latency. It enables traders to make markets on multiple trading venues and supports options, warrants and structured products.
"We have developed Orc Market Maker to help market makers easily grow their businesses, and to adjust to the new competitive landscape requiring market makers to be active on multiple trading venues," said Jesper Alfredsson, Vice President Product Management at Orc. "Our latest technologies to provide superior performance and market reach combined with Orc's vast experience from developing market making applications makes Orc Market Maker truly a tool for gaining an edge in today's ultra-competitive markets."
Orc Market Maker is immediately available in the North American market. The solution will be introduced to customers in the EMEA and APAC regions in the second half of 2011.