Trading tools

Hong Kong fund manager opts for Orc trading technology

Hong Kong-based asset manager DragonBack Capital has selected a trading solution from software vendor Orc Trading, to support its new Asia volatility strategy, the Sharp Peak Vega Fund.

Orc trading solutions are used for market making, volatility trading and high-frequency trading. Orc Trading is available both as a deployed software and as a managed service. The company offers access to all major cash and derivatives markets and a network of brokers.

“When evaluating trading software, we were looking for a solution that met our advanced execution needs and provided us with excellent volatility and risk management tools,” said JG Renard, CIO for the new fund. “Orc's technology gives us the reach across the Asian markets that we were looking for and provides a platform we can scale our business from.”

Orc currently provides sales and support services from its offices across EMEA, the Americas and the Asia-Pacific regions. Mitsubishi UFJ Morgan Stanley Securities selected an Orc trading solution to enhance its options market making operations on Japan's Osaka Securities Exchange, in June 2011.