Business & Finance
Fri, September 14, 2012
CHICAGO, Ill.--([ BUSINESS WIRE ])--Orc a leading provider of technology and services for the global financial industry, announced today that a trading firm at Crossland LLC, a Chicago-based futures commission merchant (FCM), will use Orc Market Maker for options market making on CME agricultural products.
Crosslandas clients will use Orc Market Maker, a server-based trading solution designed for options market making. It leverages Orcas 25 years of experience in building and deploying high-performance options quoting solutions.
Steve Lukes, VP of Americas Sales at Orc, notes, aOptions market making is a challenging business, and we are seeing more and more trading firms coming to Orc for our Orc Market Maker solution. Firms like Crossland need to provide fast, scalable, and reliable quoting solutions to their clients, and we are happy to be able to deliver the solution they demand.a
Jim Zellinger Executive Vice President at Crossland, comments, aCrosslandas trading environment was built for speed, and Orc is a natural fit for us and our clients. We are impressed by the performance, functionality, and reliability of Orcas solutions. Since we serve professional traders we pride ourselves on our commitment to performance and we are happy to see that Orcas goals are similar to ours.a
Orc Market Maker addresses the present and future challenges of market makers, including the need for low-latency quoting and to efficiently reach multiple markets using a single interface. It adds key features for sophisticated volatility and pricing management, including a rich volatility management interface and a Volatility Model API which facilitates development of proprietary models. Orc also provides pre-defined and configurable volatility models, as well as built-in pricing models for accurate quoting and hedging.
About Orc
Orc is a leading provider of technology and services for the global financial industry. Orc delivers trading and market access solutions used by proprietary trading and market making firms, investment banks, hedge funds and brokerage houses worldwide.
Orc develops and provides the tools needed for running profitable trading or brokerage businesses in todayas competitive and ever-changing markets.
With market presence in all major global financial centers, Orc provides sales and support services from its offices across EMEA, the Americas and the Asia-Pacific regions.
Orc is owned by Nordic Capital Fund VII. [ www.orc-group.com ]
About Crossland
Crossland LLC, which is located at the Chicago Board of Trade, was established in 1985 as a Futures Commission Merchant (FCM) and is registered with the National Futures Association (NFA). Founded by futures and options traders who began their careers at the Chicago Board of Trade (CBOT), Crosslandas trading environment was designed from the ground up with the commodities traderas needs in mind. It can accommodate a wide variety of trading programs, and can execute trades faster than virtually any other trading environment. Crossland also offers 24-hour technical support, full-service expertise in local and remote trading technologies, comprehensive clearing services and direct access to exchanges throughout the world.
[ crosslandllc.com ]
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