Swedish securities firm Erik Penser Bankaktiebolag has selected a solution from trading technology provider Orc Software to support its growing algorithmic trading operations.
The solution, which is based on the Orc Liquidator execution management system, enables Erik Penser Bankaktiebolag to conduct cash and derivatives trading
on OMX Nordic markets and global markets through agency brokerage Neonet.
Erik Penser Bankaktiebolag
already uses Orc for its direct market access (DMA) offering, as well as for proprietary trading. According to Orc, the company conducted extensive testing of Orc Liquidator before implementation.
“Our traders are satisfied with the tools and the overall working environment provided by Orc, as well as Orc’s connectivity offering for accessing global markets,” said Johan Wattenström, head of trading, Erik Penser Bankaktiebolag, in a statement. “Going forward with Orc Liquidator, we can implement state-of-the-art algorithmic trading while developing custom trading strategies to give our clients an edge in time-critical trading on volatile markets.”