Orc Software, a provider of market connectivity technology, has released a Linux-based market gateway to the Italian derivatives market, or IDeM; its second generation development to the existing Orc Solaris-based IDeM market connection.
Orc says the company’s testing of its Linux IDeM market connection with Borsa Italiana has been completed, making it the first ISV to provide market connectivity based on Linux in Italy. Orc will continue to support both its Solaris and Linux market connections.
Nicolas Bertrand, director of derivatives markets, Borsa Italiana, says that
the recent decision to expand the markets’ capabilities to Linux, combined with the number of clients already using Orc technology solutions, will provide improved efficiencies for the Italian derivatives market.