Orc Market Making

Orc Market Making provides advanced capabilities for handling large trading volumes and providing fastest execution with comprehensive risk management. Market makers can quote thousands of instruments simultaneously on multiple markets with extremely low latency using pre-defined or custom pricing models.

Orc Market Making PDF

Orc Market Making

Key Solution Features

  • Out-of-the-box solution for primary and responding market makers — for streaming quotes to market or responding to quote requests
  • Support for equity, commodity, fixed income, FX options as well as equity index options, options on futures, warrants, futures, and cash
  • Control risk with automatic hedging on either a per trade or aggregated basis
  • Out-of-the-box or customizable models for accurate pricing and volatility calculations
  • Use volatility models for generating quotes and more restrictive models for assessing risk
  • Quote spread based on delta or offsets
  • Dynamic quote spread adjustment on execution
  • Smart logic to manipulate quoted prices on changing market conditions and own trades
  • Safety features for fast market exit capabilities

Key Business Benefits

  • High performance — simultaneously quote multiple instruments on multiple markets
  • Flexible — use out-of-the-box market making functionality or customize logic based on business requirements
  • Reliable technology — deployed at major production sites worldwide
  • Market access and broker access to100+ markets via Orc Connect
  • Scalable — scales easily to meet your expanding business requirements
  • Quality support — responsive local technical and functional support worldwide
  • Reputation — 20+ years providing globally proven solutions for the worldwide financial community

 

 

 

Orc Technology Tools

  • Orc Trader
  • Orc Liquidity Access

Orc Market Making

Primary Market Making

Mass quoting, diming and automated mispricing detection are just a few Orc Market Making tools used to gain trading advantage. Orc’s mass quoting functionality generates one or two-sided quotes around a theoretical price. Diming joins current market prices or improves upon them, allowing prices to always be competitive. Automated trading quickly detects any mispricing in the market, and can be configured to trade on the opportunity or display an alert.

Responsive Market Making

Responding to quote requests can be automated using Orc Market Making. Automatic responses to a quote request can be sent according to theoretical prices and quote width. Responses can be configured to a specific width and market life, with built-in delay when required.

Hedging Trades for Limited Exposure

Quick hedging is one of the most important tools for limiting risk. Orc’s automated hedging functionality can rapidly send orders in the designated hedge contract to eliminate directional risk. The hedge price can be sent as a market price or the implied underlying price of the trade. Hedge prices can also be manipulated to help ensure orders are filled. Traders can hedge on a per-trade basis or a cumulative delta position basis.

Orc Connect

Orc Connect provides traders and brokers with fast, reliable access to liquidity pools, both for market members and non-members, in the critical areas of execution, market data and reference data.

  • Europe, Middle East & Africa

  • Asia Pacific

  • Americas

Cameron FIX

The high performance Financial Information eXchange Protocol (FIX) solution used to connect buy-side and sell-side firms, and exchanges globally

Orc provides timely, responsive sales and technical support locally from our worldwide service centers located in every major financial center.

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