Date: 11th February 2009
LONDON, England – Feb 11, 2009 -- E2E Infotech today announced development of an interface providing Orc Software solutions users with connectivity to the NYSE Technologies Wombat Platform. Initially developed for International Algorithmic Trading (IAT) GmbH, the interface is a standard re-usable Financial Information eXchange-based link for use with Orc solutions.
IAT GmbH is a joint customer of Orc and E2E. Commenting on the release Mr. Timo Wagner, Managing Director of IAT GmbH, said: “The E2E Wombat Interface provides reliable high speed market data which, when combined with Orc Liquidator makes it the right platform to suit our needs for algorithmic trading.”
Wombat is a high-speed market data and messaging solution providing direct connectivity to the global markets. Orc Liquidator is an automated algorithmic trading platform from Orc Software.
“E2E Infotech is a reliable, professional services partner for Orc Software. They have demonstrated an in-depth domain knowledge, Orc technology expertise and keen commitment enabling them to deliver important solutions for our clients to harness the full potential of the Orc system,” said Anders Henriksson, President Benelux, Central and Eastern Europe, Orc Software.
"Orc Software has an unrivalled connectivity offering for reaching into well established and the emerging markets of Europe. We are pleased to be working closely with them to provide the solutions and services needed for their clients," said Nirav Shah, Head of Operations, AurionPro. “IAT GmbH uses state-of-the-art technologies and innovative trading strategies and we are pleased to be providing them with high performance, low latency market data connectivity solution."
International Algorithmic Trading GmbH was founded in March 2007 and took over all the stock market trading activities of its parent corporation SSW-Trading GmbH in September 2007. IAT GmbH’s core business is in the fully automated trading in securities and derivatives of any kind on their own behalf and on their own account using cutting-edge technologies and innovative trading strategies. The IAT GmbH is a member of the Xetra, Eurex and CHI-X Stock Exchanges and is also associated with other stock exchanges through brokers.
About ORC Software
Orc Software (SSE: ORC) is the leading global provider of powerful solutions for the worldwide financial industry in the critical areas of advanced derivatives trading and low latency connectivity. Orc’s competitive edge lies in its depth of knowledge of the derivatives trading world gained by deploying advanced solutions for sophisticated traders for over 20 years.
E2E Infotech, a subsidiary of India-based AurionPro (BSE: AURIONPRO) is a Capital Markets solution provider catering to the IT requirements of financial institutions, more specifically, traders, brokers and banks. E2E Infotech is an Orc business partner, providing integration around Trading Systems and consulting services for the Capital Markets domain and FIX Compliant Systems along with value added components for front, middle and back office integration for market making, proprietary trading and brokerage areas dealing with equity and equity derivatives trading. E2E Infotech also inherits from AurionPro a strong niche presence in Cash Management solutions and a well established presence in Treasury, Risk management and payment processing systems.
Aniruddh Mishra, Head of business development-EMEA
Tel: +44 20 8331 2461 (D), +44 781 2569321 (M)