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Erste Group Bank Opts Orc Trading

To support the bank’s future electronic trading needs including its plans involving automated trading

Erste Group Bank, a Vienna-based financial services provider, has selected Orc Software’s Orc Trading solution based on Orc Liquidator, to support its future electronic trading needs including its plans involving automated trading.

Reportedly, Orc Trading provides an edge to run multiple complex trading strategies simultaneously on a single platform. Orc Software has said that the solution is used by financial firms for improved trading, pricing and risk management on electronically traded derivatives.

Anders Henriksson, vice president, business development at Orc Software, said: “Erste Group has great experience from using Orc technology for competitive advantage in the past, and automated trading now presents another strategic opportunity to fast movers in the CEE region. Combining Orc Liquidator, which facilitates the introduction of advanced automated trading strategies, with Orc Connect services for high-performance access to all leading CEE markets, enables Erste Bank to build a leading-edge trading and connectivity system to support key areas for growing their business.”

Stefan Doerfler, head of group capital markets at Erste Group, said: “Over the past few years, Orc has been instrumental in supporting our successful launches of several new business lines such as our warrants and certificates business, and by adding Orc Liquidator to our trading tools, we expect to repeat this success in the automated trading space.”