Russian securities firm Maxwell Capital has implemented market connectivity and trade execution solutions from trading technology provider Orc Software.
Maxwell Capital will use Orc Trader, the firm’s front-end trading application, to link to Russia’s domestic markets, RTS, FORTS and MICEX, as well as international markets.
In addition, Maxwell Capital plans to use Orc solutions to offer DMA trading to its private and institutional clients and for establishing FIX connectivity to international markets.
“Our traders have very positive experiences from previously using Orc and their views added to our conclusion that Orc provides the best available electronic trading and connectivity solution for our needs,” said Alexander Svintsov, managing director, Maxwell Capital Investment Company, in a statement.
“This agreement demonstrates that usage of advanced trading technology continues to expand, despite struggling financial markets,” added Peter O Bäck, vice president of sales for Nordic markets, Eastern Europe, Russia and Austria at Orc Software. “Maxwell Capital has invested to address customer requirements and to ensure that the firm will emerge from the current recession with a clear competitive edge.”