Orc wins Sberbank contract

Source: Orc

Orc, the global market leader in electronic trading technology for listed derivatives, today announced a contract with Sberbank CIB – the corporate and investment banking business of Sberbank, which is Russia’s largest bank and one of the leading global financial institutions.

Orc will supply a new technology platform to support their operations in market making, OTC pricing and Delta One trading. The solution includes Orc’s trading solutions, the Orc Market Maker application, connectivity to multiple trading venues including MOEX, FORTS, the LSE and a global market data provider. Additionally, Orc Professional Services will provide help to optimize and customize their trading technology solutions to meet each specific business requirement. Orc’s expertise is thus available for driving change, executing technical projects and ensuring cost efficiency in business development.

“We are obviously very proud to earn the trust of Sberbank CIB’s award-winning Global Markets Department for their Equity Derivatives business,” said Lee Griggs, President EMEA, Orc. “We also recognize this contract is fully in line with - and a testament to - Orc’s strategic focus on delivering comprehensive trading and execution solutions, including customization and services, to top-tier clients in the EMEA region.”
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