Source: Orc
Orc Group (SSE:ORC), a leading provider of technology and services for the global financial industry, announced today that HTG Capital Partners (HTG), a proprietary trading firm, will use Orc Market Maker for currency options market making.
The order was booked in Q3, 2011, and the contract is based on Orc's licensing subscription model.
Orc will provide HTG with Orc Market Maker, a server-based trading solution designed for options market making. It leverages Orc's 20 years of experience in building and deploying high-performance options quoting solutions. HTG will use Orc to make markets in currency options on the CME.
Steve Lukes, VP of Americas Sales at Orc, noted, "HTG demanded a high-performance options market making solution, and Orc Market Maker meets their requirements. We are happy to have HTG take advantage of Orc Market Maker for their currency options business, and we look forward to supporting their continued success."
Bill McNeill, Managing Director of Trading at HTG, commented, "Our business is growing and we needed a solution that can scale with us. Our traders require best-of-breed technology and we think Orc's solution well equips them for trading in today's turbulent markets."