BBY Limited Selects Orc Software to Provide High Performance Market Access to Australian Market
Orc Software (SSE: ORC), the leading global provider of technology for advanced trading and connectivity solutions, announced June 7 BBY Limited has selected Orc Software to meet the growing market demand for low-latency, high-throughput connectivity to the Australian Securities Exchange. The order was booked in Q2, 2010, and the contract is based on Orc’s licensing subscription model.
BBY Limited is an Australian based full service stockbroking, corporate advisory and asset management firm that has been providing quality service and advice since 1987. It has offices in Sydney, Melbourne, UK and UAE along with a global presence in the USA and Asia.
“We’re really pleased to be working with Orc Software to facilitate our mutual customers’ trading needs on the ASX,” says Glenn Rosewall, Managing Director & CEO of BBY Limited. “Orc’s solutions allow our customers to trade both Equity and Options on the exchange via BBY’s membership. Orc Software is well known in the Australian market for providing exchange members with market making and working with them to extend the offering to DMA for non members provides professional traders globally with a new option for accessing the Australian market.”
“We are proud to provide BBY Limited with our high performance connectivity solution for direct market access, which will further enhance their existing service offering. BBY Limited’s choice is another solid endorsement for Orc as a leading technology provider of advanced trading and connectivity solutions in Australia,” says Peter McPhee, Vice President Sales APAC, Orc Software.
Orc Connect is the global financial industry’s leading trading connectivity solution. Orc Connect provides firms with fast and reliable access to 100+ liquidity pools globally via membership or non-membership, in the critical areas of execution, market data and reference data.