Orc Software
Encyclopedia
Formed in 1987 by the late Nils Nilsson and Ulrika Hagdahl, Orc Software's main activity was as a market maker on the Swedish derivatives exchange.
Orc Software also develops and markets software for pricing, trading and risk management in financial markets. Up to and including 1995, sales of the Orc Technology were focused on clients in the Nordic region. 1995 saw the first sales to customers in the UK and Switzerland, and in 1996 the first products were sold to customers in Italy, Hong Kong and Germany.
In January 1997, the Orc Technology was first sold to new customers in Australia and Japan. The same year OMX
acquired just over 50 percent of the shares in Orc Software. In 1998 and 1999, Orc Software's international expansion continued with sales to customers in the Netherlands and the US.
In 2000, subsidiaries in Frankfurt, London, Milan, Moscow, New York and Sydney were formed. Orc Software's shares were listed on the Stockholm Stock Exchange
on October 19, 2000. In 2001, Orc Software opened offices in Hong Kong, St. Petersburg and Zurich. In 2002, a distribution agreement was signed with Reuters and offices were opened in Tokyo, Toronto and Vienna. In 2003, an office was opened in Chicago.
During the autumn 2005 Orc Software signed an agreement with OMX regarding the development of a new front office product. At the end of 2005 Orc Software has customers in 24 countries and offices in 13 countries.
In February 2006 Orc Software acquired Australian Cameron Systems, a supplier of FIX
platforms.
In April 2008, Orc Software reported record earnings despite the extremely turbulent market circumstances.
Orc's algorithmic trading solution
is used by investment banks, trading firms and hedge funds to create execution scenarios for capturing market opportunities and performing custom trading strategies simultaneously. The Orc Algorithmic Trading solution is delivered with native connectivity to 100+ markets.
In addition, Orc Software provides several Market Marking and Liquidity Access solutions.
Orc Software also develops and markets software for pricing, trading and risk management in financial markets. Up to and including 1995, sales of the Orc Technology were focused on clients in the Nordic region. 1995 saw the first sales to customers in the UK and Switzerland, and in 1996 the first products were sold to customers in Italy, Hong Kong and Germany.
In January 1997, the Orc Technology was first sold to new customers in Australia and Japan. The same year OMX
OMX
OMX AB is a Swedish-Finnish financial services company, formed in 2003 through a merger between OM AB and HEX plc and is now a part of the NASDAQ OMX Group since February 2008.It has two divisions, OMX Exchanges, which operates eight stock exchanges mainly in the Nordic and Baltic...
acquired just over 50 percent of the shares in Orc Software. In 1998 and 1999, Orc Software's international expansion continued with sales to customers in the Netherlands and the US.
In 2000, subsidiaries in Frankfurt, London, Milan, Moscow, New York and Sydney were formed. Orc Software's shares were listed on the Stockholm Stock Exchange
Stockholm Stock Exchange
The Stockholm Stock Exchange is a stock exchange located in Stockholm, Sweden. Founded in 1863 it is the primary securities exchange of the Nordic Countries....
on October 19, 2000. In 2001, Orc Software opened offices in Hong Kong, St. Petersburg and Zurich. In 2002, a distribution agreement was signed with Reuters and offices were opened in Tokyo, Toronto and Vienna. In 2003, an office was opened in Chicago.
During the autumn 2005 Orc Software signed an agreement with OMX regarding the development of a new front office product. At the end of 2005 Orc Software has customers in 24 countries and offices in 13 countries.
In February 2006 Orc Software acquired Australian Cameron Systems, a supplier of FIX
FIX protocol
The Financial Information eXchange protocol is an electronic communications protocol initiated in 1992 for international real-time exchange of information related to the securities transactions and markets...
platforms.
In April 2008, Orc Software reported record earnings despite the extremely turbulent market circumstances.
Products
Orc Software produces several trading and connectivity products including their flagship Orc Trader and Liquidator. The Liquidator front-end is claimed to allow traders and developers to construct highly complex strategies using Java, thereby enabling integration with a vast array of proprietary systems, analytical libraries, databases, middleware and messaging systems.Orc's algorithmic trading solution
Solution
In chemistry, a solution is a homogeneous mixture composed of only one phase. In such a mixture, a solute is dissolved in another substance, known as a solvent. The solvent does the dissolving.- Types of solutions :...
is used by investment banks, trading firms and hedge funds to create execution scenarios for capturing market opportunities and performing custom trading strategies simultaneously. The Orc Algorithmic Trading solution is delivered with native connectivity to 100+ markets.
In addition, Orc Software provides several Market Marking and Liquidity Access solutions.