STOCKHOLM, Sweden, May 24, 2005 (PRIMEZONE) -- Orc Software has released Orc Liquidator 5.1, a faster, more customizable and easy-to-use application for creating trading strategies and automatic trading on over 100 markets.
"In total, the new Orc Liquidator contains more than 100 new features and unique innovations that will greatly improve our customers' trading", says Jonas Hansbo, Head of Algorithmic Trading at Orc Software. "For example, the new Strategy Monitor gives a great overview of all the different trading logic that is running, providing the user with unprecedented control."
Orc Liquidator is a flexible, high-performance server-based trading platform that allows the user to automatically trade and make markets on over 100 electronic market places supported by the Orc System. It provides the ability to quickly design new trading strategies in order to capture short-lived market opportunities -- across products and across markets. This capability drastically shortens the time from trading idea to full scale execution and avoids the common limitation of only providing a fixed set of strategies.
New features include:
-- More powerful handling of multi-instrument trading algorithms
with modification directly from the user interface using
the new Strategy Monitor.
-- A new interface for creating custom data columns -- allowing
the user to define any type of mission-critical information
needed for strategies, orders and trades.
-- A new tool, the Profiler, providing run time analysis of
trading strategies, making it easier to identify and remove
any bottlenecks for maximum performance.
These are in addition to the huge performance improvements that have been implemented in Orc Liquidator 5.1, directly increasing the speed of running the strategies, getting orders to market and reacting to market events.
Orc Liquidator 5.1 is available now and will be rolled out to customers during the second and third quarter of this year.
For more information:
Jonas Hansbo, Head of Algorithmic Trading, tel +46 8 407 38 22
Orc Software provides technology for advanced market making, trading and brokerage. The Orc Technology is used in 21 countries and allows users to access more than 100 markets. The company is listed at Stockholmsborsen and has operations in Chicago, Frankfurt, Hong Kong, London, Milan, Moscow, New York, Stockholm, St Petersburg, Sydney, Tokyo, Toronto, Vienna and Zurich. In 2004, the company's total revenue amounted to SEK 247 million with an operating income of SEK 30 million. www.orcsoftware.com
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