Orc Software (SSE: ORC) has agreed a renewed multi-year agreement with Goldenberg Hehmeyer (GH) has agreed a renewed multi-year agreement with Orc Software (Orc) to use Orc Solution to support its Exchange-Traded Funds (ETF) market making operations.
As part of the agreement, GH will also continue to work closely with Orc for developing and refining its tailored market making solution, based on the Orc Liquidator engine.
The solution provides extensive market access, which currently includes CME, EUREX, XETRA, MTA, LSE, NYSE ARCA, EURONEXT and SWX.
“Based on our experience, Orc continues to excel producing market leading technology which is both proven and adaptable as our needs evolve,” says Ralph Goldenberg, Chairman & CEO, Goldenberg Hehmeyer. “Entering a long term partnership with Orc, where our specific requirements provide input to technology development, will help us remain ahead of competition in our markets.”
Lee Griggs, President EMEA, Orc Software, says:“Renewing and extending our partnership with Goldenberg Hehmeyer LLP is a strategically significant event for Orc. GH LLP is an industry leading and demanding user of our market making solutions, and their continued trust in our ever evolving technology and services testifies to Orc’s commitment to advanced trading firms.”