Italian investment bank Banca IMI, a subsidiary of Intesa Sanpaolo, has agreed to extend its relationship with Orc Software by signing up for an expanded technology solution for equities trading.
As an established Orc Software customer, Banca IMI has incrementally leveraged the Orc system across its equities business. This has enabled the bank to reduce its number of disparate systems, and therefore related IT complexity, while lowering infrastructure costs.
Banca IMI is using Orc Liquidator, Orc Trader and eight Orc market connections for the Italian Derivatives Market, Italian Stock Exchange, Eurex, Xetra, Euronext, SFC, and, most recently, TLX.
With Orc Liquidator, Banca IMI can capture latest market opportunities by taking advantage of its capabilities for adapting strategies on-the-fly in response to changing market conditions. The Orc Trader meets demanding market requirements for handling large trading volumes on multiple markets and risk management.