Orc Software and E2E Infotech Extend Partnership to Algorithmic Trading Solutions.STOCKHOLM -- Regulatory News: Orc Software Formed in 1987 by Nils Nilsson and Ulrika Hagdahl, Orc Software's main activity was as a market maker on the Swedish derivatives exchange. Since its inception Orc Software has also continuously developed and marketed software for pricing, trading and risk management in (STO:ORC), the leading global provider of solutions for advanced trading and connectivity, today announced the addition of E2E E2E End To End E2E Entry to Employment (UK Government training) E2E Engineer to Engineer E2E Enterprise to Enterprise E2E Employee-to-Employee (enterprise software) Infotech as a business partner for deploying algorithmic trading Algorithmic Trading A trading system that utilizes very advanced mathematical models for making transaction decisions in the financial markets. The strict rules built into the model attempt to determine the optimal time for an order to be placed that will cause the least amount of solutions based on Orc Trading. Through this extended partnership, E2E Infotech, a subsidiary of AurionPro Solutions Ltd, and a longtime global integration partner of Orc Software, will extend its services to provide custom developed trading strategies and professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. to joint customers based on the Orc Liquidator algorithmic trading solution. E2E has recently been involved with customers in the Americas region, for developing, testing and implementing high frequency, low latency Low latency allows human-unnoticeable delays between an input being processed and the corresponding output providing real time characteristics. This can be especially important for internet connections utilizing services such as online gaming and VOIP - VOIP is not as important as algorithmic trading strategies. "The Orc Liquidator algorithmic trading platform combined with custom low latency trading Low latency trading is refers to the network connections used by financial institutions to connect to stock exchanges and Electronic communication network (ECN) to execute financial transactions. strategies developed for us by E2E is very well suited for our business requirements," said George Kapotas, senior trader with the Gelber Group, a joint customer of Orc Software and E2E. "We are very pleased with this solution, which gives us the edge over our competitors in the algorithmic trading space." "Orc Trading provides one of the most sophisticated algorithmic trading solutions currently available in the market," said Nirav Shah This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. , Head of Operations, AurionPro. "We are very pleased to continue working closely with Orc to deliver solutions and services required by our customers, now with the addition of custom developed trading strategies. Our successful and strategic partnership with Orc Software since 2001, along with our skills in algorithmic trading and a decade of experience from capital markets systems development, makes E2E ideally placed to assist Orc in its expansion in the algorithmic trading space." "Working together with E2E Infotech has proved very fruitful over the years, and we are convinced that their skills and experience will also be a great asset for our customers when it comes to optimizing and expanding their use of our algorithmic trading solutions," said Anders Henriksson, Vice President Business Development, Orc Software. "We now look forward to continue and expand this successful partnership." About E2E Infotech E2E Infotech is a subsidiary of Mumbai, India-based AurionPro (BSE See Bombay Stock Exchange. BSE See Boston Stock Exchange (BSE). :AURIONPRO, BSE: 532668), a capital markets solution provider catering to the IT requirements of financial institutions, more specifically, traders, brokers and banks. AurionPro was recently named to the Forbes magazine "200 Best Under a Billion" rankings of Asian small- to medium-sized companies throughout Asia-Pacific. Earlier this year, AurionPro announced that it was named sixth on the list of India's Fast 50 and 74th in the ratings for Technology Fast 500 Asia Pacific by Deloitte Touche Tohmatsu's Global Technology, Media & Telecommunications Industry Group. E2E Infotech is an Orc business partner, providing integration around Trading Systems and consulting services for the capital markets domain and FIX Compliant Systems along with value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. components for front, middle and back office integration for market making, proprietary trading Proprietary Trading When a firm trades for direct gain instead of commission dollars. Essentially, the firm has decided to profit from the market rather than commissions from processing trades. and brokerage areas dealing with equity and equity derivatives trading. E2E Infotech also inherits from AurionPro a strong niche presence in Cash Management solutions and well established presence in Treasury, Risk Management and payment processing systems. www.aurionpro.com About Orc Software Orc Software (STO:ORC) is the leading global provider of powerful solutions for the worldwide financial industry in the critical areas of advanced trading and low latency connectivity. Orc's competitive edge lies in its depth of knowledge of the derivatives trading world gained by deploying advanced solutions for sophisticated traders for over 20 years. Orc Trading and Orc Connect provide the tools for making the best trading and connectivity decisions with strong analytics, unmatched market access, powerful automated trading functionality, high performance futures and options trading capabilities, ultra-low latency and risk management. Orc's customers include leading banks, trading and market-making firms, exchanges, brokerage houses, institutional investors and hedge funds. Orc provides sales and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services from its offices across EMEA (Europe, Middle East, Africa) Refers to that region of the world. For example, one might see products packaged differently for the UK, EMEA and Asia Pacific markets. , Americas and Asia Pacific. www.orcsoftware.com This information was brought to you by Cision http://www.cisionwire.com |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion