Hong Kong-based fund manager DragonBack Capital has signed a deal with Orc Group, a provider of technology and services for the global financial industry, Cision Wire reports. DragonBack has selected an Orc Trading solution to support trading requirements in its new Asia volatility strategy, the Sharp Peak Vega Fund.
The contract, which was booked in the second quarter of 2011, is based on Orc’s licensing subscription model. The Orc Trading solutions are used by financial firms across the world for market making, volatility trading and high-frequency trading.
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