To upgrade its trading capabilities in Asia
SinoPac Securities (Asia), a business arm of the Taiwan Stock Exchange-listed company SinoPac Financial Holdings, is using Orc Software’s Trading and Connect solutions to upgrade its regional trading capabilities. Orc Software said that the order was booked in Q3, 2009 and the contract is based on Orc’s licensing subscription model.
Orc Software claimed that the Orc Trading provides a single platform capable of running thousands of complex trading strategies simultaneously. It is used by financial firms worldwide for pricing and risk management on electronically traded instruments.
Orc Connect is a connectivity solution that provides traders and brokers with access to liquidity pools, both for market members and non-members, in the critical areas of execution, market data and reference data.
Dennis Chen, sales director of Orc Software in Asia Pacific, said: “Orc Software is pleased to provide SinoPac Securities (Asia) Limited with an advanced trading solution that accelerates its business growth. Orc Trading empowers SinoPac to trade both cash and derivatives markets in Hong Kong and Taiwan, providing a strong base for its future business development in Asia using leading edge trading technology.”
William Su, director and head of proprietary trading division at SinoPac Securities (Asia), said: To capture the significant market potential in Asia, we need to enhance our overall trading capabilities. We chose Orc Software because of its extensive regional reach, ultra-fast market gateways and its rich functionality.
We are especially impressed with Orc’s expertise in formulating and implementing a reliable solution that best fits our business requirements within a tight timeline.