Orc, a leading provider of technology and services for the global financial industry, today announced Orc Trade Access, a stand-alone market access solution which provides high functionality and low-latency connectivity to exchanges, brokers and market data sources.
Orc Trade Access is aimed at firms that currently use multiple third-party connectivity vendors, and those who rely on in-house developed market connectivity. It also offers a wider market reach for many clients who currently rely on their trading applications vendor for connectivity. Orc Trade Access can easily be integrated with any order and execution management systems or be integrated with in-house developed trading applications.
“We have developed Orc Trade Access to meet the needs of firms who are looking to consolidate their market access solutions to one vendor in order to reduce maintenance costs related to connectivity,” said Jesper Alfredsson, Vice President Product Management, Orc. “Orc Trade Access also provides benefits as an alternative to in-house development of connectivity solutions, enabling firms to focus their development efforts on improving core business trading logic and other functions that provide higher return on investment.”
Orc Trade Access offers advanced functionality through a set of well-defined services, enabling clients to select and use specific parts of Orc’s offering relevant to their needs. For instance, the Instrument Service makes tick size structures available for exchanges that provide tick size information, the Order Service is used for entering, modifying and cancelling orders, and the Market Data Service provides clients with real time Best Bid and Offer, depth of market, public trades and news for an exchange.
“The introduction of Orc Trade Access presents significant opportunities by giving firms the option to combine our comprehensive market access solution with trading applications of their choice,” said Trung Nguyen, Product Manager, Orc. “They trust Orc to meet their critical connectivity needs in terms of performance, reliability, services and support. The foundation for Orc Trade Access is our long-term commitment to provide low-latency connectivity to relevant trading venues in a constantly changing market landscape.”