Orc, the global leader in derivatives trading technology, today
announced that AlphaGen Securities LLC, a broker/dealer headquartered in
Chicago, has chosen the award-winning Orc Flow Control as its pre-trade
risk management system. Orc Flow Control allows firms to efficiently
manage order flow and ensure regulatory compliance, enabling them to
capture new customer business.
“We are pleased to be integrating Orc Flow Control into our risk
management capabilities,” said Mike Maloney, Risk Manager at AlphaGen
Securities. “We have traders pursuing complex trading opportunities in
multiple asset classes and the advanced and innovative functionality of
Orc Flow Control meets all of our regulatory and internal demands.”
Orc Flow Control provides comprehensive multi-market pre-trade risk
controls designed to meet common regulatory frameworks. From a single
user interface, brokers can set up limits and monitor trading activity
in real time for all participants across all markets. The application
includes limits based on theoretical values, allowing firms to control
order flow based on various market scenarios.
“We are excited to partner with AlphaGen Securities on their compliance
and risk management needs,” said Jesper Alfredsson, Chief Strategy
Officer, Orc Group. “We’ve spent the past year enhancing our platform
for both our trading and brokerage customers. We are pleased to see our
solutions help them grow their business.”
Orc Flow Control was selected “Best New Product for Risk Management of
the year” at the 2014 FOW Awards for Asia on September 25, 2014 in
Singapore. Since its launch in 2013, it has been successfully deployed
in production across major markets in APAC, EMEA and the Americas.
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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Copyright Business Wire 2014