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Orc Group AB: Orc releases Gateway Development Kit for building custom connectivity

Press release published at The Swedish Wire
Demonstrates open Orc architecture with new toolset that facilitates custom development of connectivity solutions and systems integration. Stockholm, SWEDEN  - Tuesday, April 24, 2012 - Orc Group (SSE: ORC), the leading provider of technology and services for the global financial industry, today announced the Gateway Development Kit that enables Orc customers to build custom connectivity to exchanges, brokers, in-house order management systems and market data systems or vendors.

The connectivity provided through the Gateway Development Kit is integrated with the Orc Trading products. This provides Orc's customers with the ability to expand their use and reach of their current Orc Trading installation. The Gateway Development Kit product is available in two versions, FIX and native. The FIX version allows for easy integration with brokers and in-house order management systems. The native version is available for latency sensitive trading business and also supports market data integration.

"We are very excited about introducing the Gateway Development Kit as it provides our customers with the flexibility and freedom to integrate their Orc Trading products with pretty much any type of venue or market data source", says Jesper Alfredsson, VP Product Management at Orc. "During the development we have worked closely with a number of our customers globally and this no doubt has allowed them to execute their trading strategies in a more efficient way."

"This is a material step towards a more open Orc technology platform, enabled by our new market gateway normalization design and a great effort by our engineering team." says Joakim Dahlstedt, CTO, Orc Group.

Orc is next exhibiting at TradeTech London on April 25-26 (stand 351).

About Orc
Orc is a leading provider of technology and services for the global financial industry. Orc delivers trading and market access solutions that are used by proprietary trading and market making firms, investment banks, hedge funds and brokerage houses worldwide.

Orc develops and provides the tools needed for running a profitable trading and brokerage business 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 the EMEA, Americas and Asia-Pacific regions.

Orc Group is owned by Nordic Capital Fund VII.
www.orc-group.com

For further information, please contact:

Jesper Alfredsson, Vice President Product Management, Orc, Tel. +46  739  01 02 20

Christine Blinke, Chief Marketing Officer, Orc, Tel +46 8 506 477 21

 

 
This information was distributed by Cision
 

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