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Version 6.1 delivers new volatility API and models, new connectivity to ICE, EBS, BrokerTec & Russian Trading Systems, and analysis & high throughput enhancements for automated trading.


Orc Software (SSE: ORC), has announced the release of the latest version Orc Trader and Orc Liquidator. Release highlights for version 6.1 include new volatility API and models, new market connections, transaction analytics and reporting, click trading enhancements, as well as further improvements enabling high performance DMA to global markets. New functionality can be utilised across all asset classes and products (equities, FX, fixed income, commodities, cash, futures, options) and to 100+ markets that Orc directly connects to.

 

Orc Trader and Liquidator provide the best fit solutions for automated trading, advanced click trading and market making across multiple markets,? says Orc Software?s CEO, Thomas Bill. ?These areas represent the fastest growing styles of trading and have resulted in Orc winning a record number of new customers during 2006. Today?s development release shows our commitment to continually improve Orc Trader and Liquidator to our customers? advantage.?

 

Orc Version 6.1 responds to increased demand for advanced volatility management capabilities applied for quoting and risk. The Orc platform now provides an open API for the flexible integration of volatility models. Customers can choose to implement their own proprietary volatility models or utilize the models provided by the Orc system. The new version also includes a number of new models.

 

Orc has added four new direct market connections to ICE (commodities), EBS (foreign exchange), BrokerTec (fixed income) and Russian Trading Systems (equities); further strengthening its position as a true provider of multi-asset class systems. During 2006 Orc has developed a total of nine new market connections. Significant improvements to optimize throughput and performance have also been made to existing connections for CME, CBOE and Eurex.

 

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