Derivatives trading technology specialist Orc has signed up Russia’s Sberbank as a client.
Sberbank is one of the largest banks in Rissua and has appointed Orc to provide it with technology to support its market making, OTC priving and delta one trading.
Orc’s solution will include its Orc Market Maker application, connectivity to multiple trading venues and market data providers.
“We are obviously very proud to earn the trust of Sberbank CIB’s award-winning Global Markets Department for their Equity Derivatives business,” said Lee Griggs, president EMEA, Orc. “We also recognize this contract is fully in line with – and a testament to – Orc’s strategic focus on delivering comprehensive trading and execution solutions, including customization and services, to top-tier clients in the EMEA region.”