Orc Software, a Sweden-based trading technology supplier, has unveiled Orc Hosted, a suite of fully-managed trading tools for brokers that want connectivity to trading venues and other brokers.
According to Orc, its Hosted service is aimed at mid-sized brokers and is designed to reduce internal technology support resources and lower operational risks for clients. The firm added that a service-based approach can decrease the time to market for customers that want to access new markets and offer new trading tools.
“Using Orc as a managed services supplier, clients benefit from our economies of scale and have 24/7 access to our expertise, which enables them to utilise their own internal resources for supporting their core business – trading,” said Joacim Wiklander, chief strategy officer, Orc Software.
Orc Hosted services include the applications Orc Trader, Orc Spreader and Orc Liquidator, as well as a range of market connectivity options.
Orc Hosted will initially be made available in Stockholm and London, with a further expansion in EMEA, the US and Asia planned for next year.