Orc Software, a provider of technology for advanced derivatives trading and connectivity, has announced that Prime International Trading, a trading firm, has deployed its Liquidator for its algorithmic futures spreading solution on CME and NYMEX.
Orc Liquidator is an algorithmic trading solution that allows the rapid deployment of custom trading strategies at a processing speed of over 20,000 orders per second with sub-millisecond latency. Among the custom strategies commonly deployed on Liquidator are cross market futures spreads, listed spread vs. synthetic spread, pairs trading, volatility trades, currency cash and futures arbitrage, options market making, and local exchange vs. ADR. Orc Liquidator, available as either a deployed or hosted solution, has connectivity to over 100 exchanges worldwide.
Steve Lukes, vice president of sales at Orc Software, said: Prime International Trading’s decision to use Orc Liquidator for automated futures spreading is a strong testament to the speed and flexibility of our algorithmic trading solutions. Our customers demand low latency and fast time-to-market. Orc Software is able to deliver on those demands, and Prime International Trading’s selection of Orc Liquidator is an excellent example of this.