Orc Software (SSE: ORC), the leading global provider of technology for advanced derivatives trading and connectivity, today announced PB Futures has selected Orc Connect to meet increasing market demand for low-latency, high-throughput connectivity to Korean markets.
PB Futures is a leading Seoul-based derivatives brokerage firm offering a variety of financial services including interest rate, index, currency and commodity futures/options for customers worldwide. The company is committed to providing clients with advanced high performance trading services which facilitate execution on the Korean market.
Utilizing Orc Connect to offer value added services such as co-location of customer infrastructure, PB Futures is able to provide fast, secure, high capacity access to the competitive Korean derivatives market for Orc Trading solution customers.
“PB Futures aims to offer the best performance trading services for DMA clients. We have recently upgraded our trading system to provide fast and tailored service to clients. PB Futures selected the Orc Connect solution to support speed-sensitive FIX users, in addition to our long support for API users. Orc Connect will further enhance our service capabilities to provide high frequency trading, satisfying diverse needs of clients,” says Sonny Park, managing director, PB Futures.
“We are pleased to support PB Futures with our high through-put connectivity solution for enabling ultra-fast direct market access, thereby further enhancing its existing service offering. PB Future’s choice is another solid endorsement for Orc’s position as a leading provider of advanced trading and connectivity solutions in Korea,” says Dennis Chen, sales director, Asia Pacific, Orc Software.
Orc’s deal with PB Futures was booked in Q3 2008.