SinoPac Securities Selects Orc To Enhance Its Trading Capabilities In Asia
Orc Software, the leading global provider of technology for advanced trading and connectivity solutions, today announced that the Taiwan-based financial institution SinoPac Securities (Asia) Limited is using Orc’s Trading and Connect solution to enhance its regional trading capabilities. The order was booked in Q3, 2009, and the contract is based on Orc’s licensing subscription model.
SinoPac Securities (Asia) Limited is the business arm of the Taiwan Stock Exchange-listed company SinoPac Financial Holdings. SinoPac Securities (Asia) Limited engages in various financial businesses including brokerage service, proprietary trading and underwriting business. It has 49 branch offices in Taiwan and established subsidiaries in Hong Kong, Shanghai and London. It aims to establish the best comprehensive regional platform, develop its wealth-management business, and become one of the most influential Chinese securities firms in the Pacific Rim.
“Orc Software is pleased to provide SinoPac Securities (Asia) Limited with an advanced trading solution that accelerates its business growth,” says Dennis Chen, Sales Director, Orc Software, Asia Pacific. “Orc Trading empowers SinoPac to trade both cash and derivatives markets in Hong Kong and Taiwan, providing a strong base for its future business development in Asia using leading edge trading technology.”
“To capture the significant market potential in Asia, we need to enhance our overall trading capabilities. We chose Orc Software because of its extensive regional reach, ultra-fast market gateways and its rich functionality. We are especially impressed with Orc’s expertise in formulating and implementing a reliable solution that best fits our business requirements within a tight timeline,” says William Su, Director and Head of Proprietary Trading Division, SinoPac Securities (Asia) Limited.
Orc Trading provides the competitive edge to trade from a single platform capable of running thousands of complex trading strategies simultaneously. Orc Trading is used by financial firms worldwide for enhanced trading, pricing and risk management on electronically traded instruments.
Orc Connect is the global financial industry’s leading connectivity solution. Orc Connect provides traders and brokers with fast, reliable access to liquidity pools, both for market members and non-members, in the critical areas of execution, market data and reference data.