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February 2, 2010

Ohman Fondkommission Selects Orc Software’s Algorithmic Trading Solution

Ohman Fondkommission, a Sweden-based investment bank, has selected Orc Software’s algorithmic trading solution to support its planned expansion into new areas of trading such as warrants trading, exchange traded funds quoting (ETFs) and arbitrage trading.

By CBR Staff Writer

Pontus Barrne, CFO of Ohman, said: “Orc Trading has been our key trading solution for several years, and we were pleased to conclude that Orc still provides the solution of choice when it comes to supporting the expansion of Ohman’s trading operations. Our traders are very comfortable with using Orc Trading, and we now look forward to working with Orc to build a first-class algorithmic trading solution.”

Peter O Back, VP of sales Nordic at Orc Software, said: “We are proud to provide Ohman with a solution that provides a very flexible, yet robust solution that is well proven, and we look forward to providing tools to develop their trading business further. Ohman’s choice also reflects that Orc Trading is a highly scalable solution capable of handling growing volumes and increasing numbers of instruments.”

Ohman Fondkommission offers a cross-section of financial services to Swedish and international institutional and private investors including securities and bond trading, corporate finance, private banking and asset management.

Orc Software is a global provider of technology for advanced trading and connectivity to banks, trading and market-making firms, exchanges, brokerage houses, institutional investors and hedge funds.

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