Orc Software, a derivatives trading technology provider, has launched Orc Liquidator Hosted – an exchange co-located, fully hosted solution for deploying custom algorithmic derivatives trading strategies. Orc says the solution has very low latency.
Orc Liquidator is a black-box trading platform targeted at proprietary trading desks at investment banks, trading firms and hedge funds. Orc Liquidator Hosted is connected to CME, CBOT, LIFFE, EUREX and ICE. Orc says 100+ additional markets can be deployed as required.
“Pressure on firms to deploy complex futures and options strategies quickly, and before another firm seizes the opportunity, is relentless,” said Jesper Alfredsson, head of algorithmic trading solutions, Orc Software. “The most advanced firms also need to co-locate at exchanges in order to minimise latency. Orc Liquidator Hosted allows firms to put new custom black box style strategies into the market within weeks.”
He adds, “We are also decreasing latency by co-locating at the exchange, and lessening the IT burden by fully managing the server and network connectivity.”
Orc Liquidator Hosted is hosted at the Equinex facilities in Chicago in the same building as the CME matching engine, and also in New Jersey and Atlanta. Connectivity to CME is through the ultra-low-latency LNET connection.
The monthly fee for Orc Liquidator Hosted includes a dedicated server, co-location at the exchange, Liquidator and market gateway software, network connectivity to each market, network connectivity to the customer over any network, and full hosting services – including management and support.