Orc, a global leader in derivatives trading technology, today announced
Orc Smart Order Router (SOR), a flexible, high-performance routing
engine designed to enhance quality of execution, reach the best
liquidity and reduce costs. It also enables brokers and firms to
consolidate their market access infrastructure to one global vendor.
Orc Smart Order Router connects any FIX-enabled Execution Management
System (EMS) or Order Management System (OMS) to all available liquidity
for multi-listed securities. To support a wide range of user needs and
different types of trading, Orc Smart Order Router is highly
configurable through user-accessible parameters and settings, and
extendable by adding user-defined logic.
Orc Smart Order Router combines essential, high-performance order
routing functionality with advanced features and options, including
fully integrated dark pool support for strategies, FPGA market data
feeds, and powerful tools for execution quality statistics and analysis.
For brokers and trading firms, Orc Smart Order Router offers a rich set
of routing rules covering a wide variety of trading scenarios using
automated order routing across any of Orc’s 150+ robust, low-latency
native market gateways. Rules are set up once and will then adapt to
market changes.
“Flexibility is key to making Orc Smart Order Router a highly effective
and profitable tool for reaching the best liquidity in a wide range of
multi-venue trading scenarios,” said Martin Nilsson, Head of Product
Management, Orc Group. “It allows firms to cater to clients’ needs,
while optimizing their proprietary flow and minimizing market impact.
Orc Smart Order Router is also easy to set up and to operate on a daily
basis, thus offering superior time to market.”
By optimizing routing rules to specific criteria, Orc Smart Order Router
is equally effective for reducing execution costs as for improving
quality of execution to achieve Best Execution. Execution is easily
adapted to various markets, accounting for different cost structures or
client preferences.
Orc Smart Order Router continuously monitors markets and orders to take
action when needed. For example it monitors market states, crossing
quotes and will rebalance unfilled orders on trades. It also offers
anti-gaming features, including information leakage prevention and
synchronized market access.
About Orc
Orc is the global market leader in trading technology for listed
derivatives. Building on our commitment to long term partnerships and
technology innovation that delivers results, Orc serves the trading and
electronic execution needs of clients worldwide. Leading trading firms,
market makers, banks and brokers depend on Orc to provide robust
solutions that deliver concrete value, ensuring that they achieve their
business goals in the world’s increasingly dynamic and competitive
markets. With nearly 200 customer sites in more than 30 countries,
access to over 150 trading venues and offices in each of the world’s key
financial centers, we offer true global capabilities.
Combining our technology and financial industry expertise, including a
solid understanding of regulatory issues, Orc also provides expert
advice and services that help reduce complexity and cost, while enabling
clients to stay focused on value creation in their core businesses.
Orc is owned by Orc Group Holding AB which in turn is owned mainly by
Nordic Capital Fund VII.
www.orc-group.com
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