West Palm Beach (HedgeCo.net)- A Swiss Bank has picked up on a hedge fund platform, Orc Trading, to replace key technology for its electronic trading operations. The order was booked in Q1 2008.
"We have thoroughly evaluated several trading systems providers and chose to go with Orc Trading for its combination of speed and stability," said Thomas Kurzen, Head Trading Technology at InCore Bank AG. "We also appreciate the high quality of Orc’s supporting organization and the great potential for growth offered by Orc’s open architecture.
While the new trading solution is initially intended for proprietary trading only, the Swiss bank plans to add new functionality, such as Orc Broker for its sales desk operations. Other future opportunities investigated by the bank include using extended connectivity for incoming and outgoing order flow with access to multiple international markets, as offered by the Orc Connect framework.
Orc Software is a provider of solutions for the financial industry in the areas of advanced derivatives trading and low latency connectivity. Orc’s customers include leading investment banks, trading and market-making firms, exchanges, brokerage houses, institutional investors and hedge funds. Orc Software is next exhibiting at Screen Events in Amsterdam, September 25.
InCore Bank AG is the first independent Swiss corporation with a banking and securities dealer license and is a wholly-owned subsidiary of the Maerki Baumann Holding AG.
Alex Akesson
Editor for HedgeCo LLC
Email: alex@hedgeco.net
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