Orc Group has rolled out a low-latency market making application for the North American derivatives markets. Orc Market Maker, which is available as deployed software and as a managed service, will also be introduced to customers in the Europe, the Middle East and Africa as well as Asia-Pacific regions in the second half of 2011.
The application features volatility management interface and a Volatility Model API, which facilitates development of proprietary models. Orc Market Maker also has a server-based engine for fast, scalable trading and support for co-location at exchanges to minimize latency. It allows traders to make markets on multiple trading venues and supports options, warrants and structured products.
Click here for the release from Orc Group.