Orc Software’s offering includes solutions for advanced derivatives trading with broad market connectivity.
Joakim Dahlstedt, CTO of Orc Software, said: “High-performance, low-latency solutions is a key requirement of our customers, which makes this an area where we constantly seek to improve. We selected 29West LBM following a series of successful benchmark tests, which showed us that it delivers on its performance promises.
“As more complex, varied setups are increasingly in demand, many of our customers will surely benefit from switching to the LBM messaging system, which we can add to our trading platform transparently to the end-user. In parallel, we will explore using 29west technology in more advanced offerings that are still under development.”
Mark Mahowald, president and founder of 29West, said: “29West is enthusiastic about the powerful solutions that this partnership will yield for Orc’s customers. Orc has a reputation for powerful trading solutions and we’re pleased to be working together on best-of-breed, integrated solutions for advanced traders across asset classes. This demonstrates the benefit of our unique Ultra Messaging solution across the full spectrum of financial use cases.”