Orc Group, a trading technology supplier, has signed up Singapore-based buy-side firm Theoria Capital Management, to its Orc Liquidator product to help support its high-frequency trading needs.
Theoria Capital, which was founded in 2007 and has US$244 million assets under management, will use Orc Liquidator in addition to the existing Orc trading solutions it already has in place.
Orc Liquidator is a server-based development and trading platform for deploying custom automated trading strategies. The contract is based on Orc’s licensing subscription model, which is charged quarterly.
“Over the years, Orc’s solutions have proven to be an essential component of our trading business, and we are happy to add Orc Liquidator to further support our growing high-frequency trading need in Asia,” says Minoru Umezaki, president, Theoria Capital. “Orc Liquidator allows us to develop and deploy more advanced trading strategies into APAC markets.”