Orc picked by Paris trading firm

STOCKHOLM: Orc, a provider of technology and services for the global financial industry, announced that Nano Capital, a newly established Paris-based trading firm, has chosen Orc Market Maker to support the firm’s market making operations on Eurex.

“Our extensive evaluation of vendors and their respective offerings clearly revealed Orc Market Maker as the most powerful, reliable, functionally rich solution available and optimized for Eurex,” said Pierre Carotti, CEO and founder, Nano Capital. “We also know Orc to be a strong and capable partner for us to work with in the long term, enabling us to benefit from their market intelligence and continued development of high-performance trading technology.”

Adding Nano Capital to its client base reinforces Orc’s presence in France, which ranges from startup firms to Tier one investment banks. Nano Capital has implemented Orc Market Maker as a hosted, co-located solution to minimize latency and operational costs. As part of the solution Nano Capital uses Orc’s proven APIs to apply custom pricing and volatility models to its market making activities, leveraging the openness of the system.

“We believe that France, a reference market in the equity derivatives world, is a great fit for the Orc offering, and we are delighted to welcome Nano Capital as a client,” said Guillaume Poitevin, Sales Manager, Orc. “Their successful, rapid deployment of Orc Market Maker demonstrates that Orc is the first choice in trading solutions for firms of all sizes and categories, supporting their efforts to gain competitive edge.”