Financial technology and services provider Orc Group has renewed its agreement with Arqaam Capital, the Dubai-based emerging markets investment bank.
According to the agreement, Arqaam will extend its use of Orc Trader to support cash equity trading on the three stock exchanges in the United Arab Emirates – Abu Dhabi Securities Exchange, Dubai Financial Market and Nasdaq Dubai.
As part of the agreement, E2E Infotech, a subsidiary of aurionPro Solutions, will continue to work with Orc to develop and refine tailored solutions for Arqaam Capital and will provide support to the firm locally.
E2E and aurionPro offer services around Orc’s trading solutions and a portfolio of standardised components for integration with Orc. In addition, E2E and auroinPro offer solutions in outsourcing and IT services.
“Renewing and extending our partnership with Arqaam Capital is a strategically significant event for Orc,” said Lee Griggs, president EMEA, Orc. “Arqaam is a major user of our products, and their continued trust in our evolving technology and services testifies to Orc’s commitment to advanced trading firms in the Middle East.”