CHICAGO--(BUSINESS WIRE)--Regulatory News:
Orc Group (SSE:ORC), a leading provider of technology and services for the global financial industry, announced today an agreement with Rosenthal Collins Group, LLC (RCG), a leading futures commission merchant, to offer Orc’s solutions to RCG’s global client base. The order was booked in Q1, 2011, and the contract is based on Orc’s licensing subscription model.
RCG will add the Orc Trading suite of products to its technology offerings for clients, giving them a high-performance trading solution for advanced futures spread trading, options on futures trading, market making, and other low-latency trading strategies. Orc Spreader serves traders needing a fast futures spread trading solution; Orc Market Maker is designed for options market makers, including options on futures traders; and Orc Liquidator addresses the needs of professional traders who wish to deploy custom trading strategies.
Marty Leamy, President, Americas at Orc, notes, “RCG is a key FCM in the advanced futures and options on futures trading space, and we’re pleased to be able to provide its user community with a fast, powerful solution for derivatives trading. In particular, we expect our newest solutions, Orc Spreader and Orc Market Maker, to be important solutions for its clients.”
Maureen Downs, President of RCG, comments, “Our clients demand low-latency, reliable trading solutions. We’re happy to be able to offer Orc’s powerful trading tools to our client base.”
About Orc
Orc is a leading provider of technology and services for the global financial industry. Orc delivers trading and market access solutions used by proprietary trading and market making firms, investment banks, hedge funds and brokerage houses worldwide.
Available as deployed software or as managed services, Orc develops and provides the tools needed for running profitable trading or brokerage businesses in today’s competitive and ever-changing markets.
With market presence in all major global financial centers, Orc provides sales and support services from its offices across EMEA, the Americas and the Asia-Pacific regions.
About Orc Group revenue model
Standard agreements follow Orc’s licensing subscription model, a flexible approach designed to streamline the customer on boarding process and provide ease of access to software updates, together with a mature support framework. Customers are invoiced quarterly, in advance, and revenue allocated to the invoicing period.
Orc Group is publicly traded on NASDAQ OMX Stockholm (SSE:ORC).
About Rosenthal Collins Group
With more than 80 years of experience in the futures industry, Rosenthal Collins Group is one of the world’s leading regulated Futures Commission Merchants (FCMs) offering trading execution, clearing, brokerage, foreign exchange, managed futures programs and a full range of electronic trading services to institutional, commercial, professional and retail customers around the globe. RCG holds clearing memberships on all principal U.S. futures exchanges and has access to world futures markets through a network of correspondent relationships. With over 30,000 active accounts and more than 150 correspondent brokerage relationships, RCG cleared and executed more than 147 million contracts in 2010. Further information about Rosenthal Collins Group can be found at www.RCGdirect.com.
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