Skandinaviska Enskilda Banken (SEB), a Sweden-based banking group, has upgraded its merchant banking division with Orc Trading solution to the bank’s growing needs for market making and risk management.
A longtime Orc Trading user, SEB will use the upgraded solution to support its derivatives market making operations, including risk management, adding low latency exchange and broker gateways and increasing the number of users.
Peter Back, vice president sales Nordic at Orc Software, said: “It’s a true pleasure to work with a sophisticated Orc user like SEB, and their trust in our systems and services reflects that Orc Trading will match the highest standards for performance and reliability.
We are currently experiencing an exceptional demand from the leading Nordic banks to upgrade their current trading and connectivity platforms. We expect this trend to continue in the region, fueled by market fragmentation as well as a result of the replacement and upgrading of platforms among the Nordic marketplaces.”