Orc Software: Van der Moolen utilizes Orc Software’s Algorithmic Trading Solution

1  from  Automated Trader Magazine

April 30th, 2008 - Orc Software (STO:ORC), announced the London-based business of global trading firm Van der Moolen is utilizing the Orc Algorithmic Trading solution for advanced trading capabilities. The deal was booked in Q3 2007.

Orc Algorithmic Trading, the multi-threaded, server-based algorithmic trading solution capable of running thousands of complex trading strategies simultaneously, is available on the Orc Trading platform. Orc Trading is used by financial firms worldwide for enhanced, trading, pricing and risk management on electronically traded derivatives.

“Orc Software is pleased to be working with Van der Moolen to provide advanced algorithmic capabilities to accelerate its business,” says Lee Griggs, Orc Software’s UK Managing Director. “Firms are increasingly realizing the power of using Orc’s algorithmic trading solutions, and as a result we are seeing tremendous growth worldwide in this area.”

Orc Algorithmic Trading technology tools include Orc Liquidator, Orc Liquidity Access and Orc Hosting.

Orc Software is next exhibiting at IDX International Derivatives Expo in London, June 10 – 11. For more information refer the events section of the Orc Software website.

About Orc Software’s revenue model This agreement follows Orc’s licensing subscription model to give customers access to the software, new versions and support as long as the agreement is valid. Customers are invoiced quarterly in advance and revenue allocated to the invoicing period.