|[April 16, 2012]
Orc Group AB: MXF Trading leverages Orc Market Maker for agricultural options market making
STOCKHOLM --(Business Wire)--
Orc, a leading provider of technology and services for the global
financial industry, announced today that MXF Trading, a Chicago-based
proprietary trading firm, will use Orc Market Maker for options market
making on CME agricultural products.
MXF Trading will use Orc Market Maker, a server-based trading solution
designed for options market making. It leverages Orc's 20 years of
experience in building and deploying high-performance options quoting
Steve Lukes, VP of Americas Sales at Orc, notes, "Options market making
is a challenging business, and we are seeing more and more trading firms
coming to Orc for our Orc Market Maker solution. Firms like MXF Trading
need fast, scalable, and reliable quoting solutions, and we are happy to
be able to deliver the solution they demand."
Mike Fairman, Trader at MXF Trading, comments, "Orc is a natural fit for
us because we demand both speed and accuracy. We are impressed by the
performance, functionality, and reliability of Orc's solutions. With
Orc, we're able to win more trades and better manage our risk."
Orc Market Maker addresses the challenges of market makers, including
the need for low-latency quoting and to efficiently reach multiple
markets using a single interface. It adds key features for sophisticated
volatility and pricing management, including a rich volatility
management interface and a Volatility Model API which facilitates
development of proprietary models. Orc also provides pre-defined and
configurable volatility models, as well as built-in pricing models for
accurate quoting and hedging.
Orc is a leading provider of technology and services for the global
financial industry. Orc delivers trading and market access solutions
that are used by proprietary trading and market making firms, investment
banks, hedge funds and brokerage houses worldwide.
Orc develops and provides the tools needed for running a profitable
trading and brokerage business in today's competitive and ever-changing
With market presence in all major global financial centers, Orc provides
sales and support services from its offices across the EMEA, Americas
and Asia-Pacific regions.
Orc is owned by Nordic Capital Fund VII.
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