Orc Group (SSE: ORC), a leading provider of technology and services for the global financial industry, announced today an agreement with Rosenthal Collins Group, LLC (RCG), a leading futures commission merchant, to offer Orc's solutions to RCG's global client base.
The order was booked in Q1, 2011, and the contract is based on Orc's licensing subscription model.
RCG will add the Orc Trading suite of products to its technology offerings for clients, giving them a high-performance trading solution for advanced futures spread trading, options on futures trading, market making, and other low-latency trading strategies. Orc Spreader serves traders needing a fast futures spread trading solution; Orc Market Maker is designed for options market makers, including options on futures traders; and Orc Liquidator addresses the needs of professional traders who wish to deploy custom trading strategies.
Marty Leamy, President, Americas at Orc, notes, "RCG is a key FCM in the advanced futures and options on futures trading space, and we're pleased to be able to provide its user community with a fast, powerful solution for derivatives trading. In particular, we expect our newest solutions, Orc Spreader and Orc Market Maker, to be important solutions for its clients."
Maureen Downs, President of RCG, comments, "Our clients demand low-latency, reliable trading solutions. We're happy to be able to offer Orc's powerful trading tools to our client base."