Orc Software, a Sweden-based information technology company, has released the latest version of Orc Spreader, a specialized product for ultra-low latency, high-frequency arbitrage and spread trading.
Orc Spreader is a server-based, arbitrage-style trading product designed for low latency and high frequency trading. Firms use Orc Spreader for trading on multiple markets and across multiple asset classes.
The latest release of Orc Spreader provides more tools for automation. Its server-based architecture, including high-performance trading engine, can be co-located at exchanges resulting in the lowest possible latency.
Orc Spreader can now allow firms to connect to over 100 markets around the world and can automate trader’s workload with automated trading logic, thus giving traders the ability to trade more spreads simultaneously and grow their overall trading.
Jesper Alfredsson, vice president of product management at Orc Software, said: “The new Orc Spreader provides the performance and functionality demanded by today’s arbitrageurs and spread traders.
Spread trading has become extremely competitive and Orc Spreader gives traders the tools they need to increase their profitability: ultra-low latency, multi-market and multi-asset class trading capabilities, and the smart trading strategy needed to automate their trading.”