SINGAPORE, HONG KONG, SYDNEY & TOKYO--(BUSINESS WIRE)--Orc Software (SSE: ORC), the leading global provider of technology and services for advanced trading in financial instruments, today announced the regional launch of Orc Spreader, a specialized product for low latency, high-frequency arbitrage and spread trading.

Orc Spreader is a server-based, arbitrage-style trading product for trading on multiple markets and across multiple asset classes. It is used by futures spreaders, pairs traders, and other high frequency arbitrageurs that demand fast, smart and flexible trading logic that can be deployed quickly without substantial IT investment. The key challenges addressed by Orc Spreader include:

• Latency: Orc Spreader’s server-based architecture, including a high-performance trading engine, can be co-located at exchanges resulting in the lowest possible latency.
• Market Access: Orc Spreader allows firms to tap into Orc’s extensive market connectivity optimized for high frequency trading to over 100 markets around the world.
• Trader productivity: Orc Spreader automates more of a trader’s workload with automated trading logic. This gives traders the ability to trade more spreads simultaneously and grow their overall trading.

“Model based trading now dominates the securities market,” notes Paul Zubulake, Senior Analyst at Aite Group. “The top demands of the trading community include access to global markets, multi-asset execution capability and a low latency trading infrastructure. Momentum, correlation and multiple arbitrage trading strategies are the most common in the listed derivatives space. All of them require stability and speed to be successful. We see Orc as one of the key players in providing the technology required for the community.”

“For arbitrage and spread traders, profitable opportunities are becoming increasingly difficult to reach and to take advantage of. We see the launch of Orc Spreader as offering a new level of competitive advantage in the critical areas of speed of execution, market access and scalability through increased trading capacity and automation,” says Greg Chambers, President, Asia Pacific, Orc Software. “With the addition of Orc Spreader to the Orc Trading suite of solutions, we will deliver functionality that has been developed in close collaboration with traders that leverages our server side execution capabilities and extensive market reach.”

Orc is exhibiting at Derivatives World Asia 2010 at Suntec Convention Centre, Singapore on 29 & 30 September (booth no. 20).

About Orc Software

Orc Software is the leading global provider of technology and services for advanced trading in financial instruments. Orc’s competitive edge lies in its depth of knowledge of the trading world, gained by deploying sophisticated trading solutions for over 20 years.

Orc Trading and Orc Connect provide the tools for making the best trading and connectivity decisions with strong analytics, unmatched market access, powerful derivatives trading support, automated trading strategies and execution, high performance futures and options trading capabilities, ultra-low latency and risk management.

Through the acquisition of Neonet, Orc also delivers neutral, high speed brokerage services to professional market participants, with clients in over 20 countries globally. With subsidiary CameronTec, Orc is the leading provider of FIX infrastructure and low latency connectivity.

Orc’s customers include leading banks, trading and market-making firms, exchanges, brokerage houses, institutional investors and hedge funds.

Orc provides sales and quality support services from its offices across EMEA, Americas and Asia Pacific.

Orc Software is listed on NASDAQ OMX Stockholm (SSE: ORC).

www.orcsoftware.com