The order was booked in fourth quarter of 2009, and the contract is based on Orc’s licensing subscription model. According to ORC Software, by including trading risk management functionality provided by it, Caerus will be able to make full use of Orc Trading as a comprehensive market making solution.
Bas Walraven, partner at Caerus Trading, said: “When looking at the market making solutions available from software vendors, Orc proved to have the most flexible algorithmic trading engine, which also makes us very competitive in terms of latency when trading on opportunities or hedging options trades.”
Christopher Lederer, vice president of sales for Continental Europe at Orc Software, said: “We are very pleased to have Caerus as a customer, with their rich experience from the Amsterdam derivatives market. Caerus’ choice, which followed upon extensive evaluation, testifies to the strength of Orc’s market making offering.”
