Orc Software introduces Orc Spreader for low-latency futures spread trading

Hong Kong - 19 May 2009

Orc Software (SSE: ORC), the leading global provider of technology for advanced trading and connectivity solutions, announces the Orc Spreader product for ultra-low latency, high-frequency futures spreading.

Orc Spreader is a server-based, futures spreading product designed for low latency and high frequency futures spread traders. It leverages the advanced Orc Trading platform to provide an out-of-the-box product that customers can use to meet challenging futures spreading needs. Orc Spreader grew from close collaboration between Orc and sophisticated futures spread traders in 2008. Since this time, Orc Spreader has evolved into a full-featured spread trading tool for the most advanced futures spread traders. Orc Spreader works with all of Orc’s market connections.

Chris Snyder, Head of Trading at Fox Trading in Chicago notes, “Orc’s futures spread trading solution has proven faster than other products we have tried. We are able to capture opportunities that we once lost and mitigate our risk in fast moving markets.”

“Orc Spreader gives traders a unique tool for low-latency spread trading,” says Joacim Wiklander, VP of Product Management at Orc Software. “Over the past year, we have worked extensively with the most latency sensitive traders to deploy a tool for advanced futures spreading. Futures traders are now able to reduce their hung trades and be more successful with the quickly deployable Orc Spreader.”

Orc Trading is used by leading financial firms worldwide for enhanced trading of electronically traded instruments. Orc trading solutions provides a competitive edge to trade from a single platform, on any listed instrument, across all asset classes, on 100+ markets.

Orc Spreader, a product within the Orc Trading for Arbitrage solution suite, leverages Orc’s multi-threaded, server-based algorithmic trading engine. It includes built-in futures spread trading logic designed for futures spread traders. Orc Spreader is used by latency sensitive futures spread traders looking to gain trading advantage by reducing hung trades and scaling easily with their growing business.

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