Orc Group AB (SSE: ORC), a leading provider of technology and services for the global financial industry, today announced that Öhman Capital, a Stockholm-based investment and trading firm, has chosen Orc as its preferred trading technology supplier.
Öhman Capital will use Orc Trading to support its market making and high frequency trading operations. The solution includes Orc Trader and Orc Liquidator products together with market access to Nasdaq OMX, Burgundy and Nordic Growth Market (NGM). The deal was booked in Q1, 2012, and the contract is based on Orc's licensing subscription model.
"We have chosen Orc based on our positive experience as users of their excellent trading solutions and on our need for a reliable supplier that will support us in the future, just as they have for the Öhman Group over many years," said Ronny Jacobsson, CEO, Öhman Capital. "With Orc, we have a partner that combines market knowledge with technology leadership and the resources to continuously evolve its software and solutions."
Following an extensive evaluation and screening of available solutions and suppliers, Orc emerged as the single vendor capable of providing a low latency solution that matched Öhman Capital's complex trading requirements.
"We are thrilled that Öhman Capital, one of the most sophisticated trading firms in the Nordic region, has chosen Orc to help them stay ahead of competition," said Peter O Bäck, Vice President Sales EMEA, Orc. "Given the current state of the markets it is also satisfying to see that Orc continues to be the first choice for key investment decisions on advanced trading technology."