Orc, a global leader in derivatives trading technology announced that its pre-trade risk system, Orc Flow Control, has been selected “Best New Product for Risk Management of the year” at the 2014 FOW Awards last night in Singapore. Using Orc Flow Control, firms can efficiently manage order flow and ensure regulatory compliance, allowing them to capture new customer business.
Since its launch in Asia in May 2013, Orc Flow Control has been successfully deployed in production by large broker clearing firms across all major APAC equity and derivatives markets including HKEx, JPX, ASX, SGX and NSE and local access points for EMEA and American based exchanges.
“We are honoured to receive this award from FOW,” said Greg Chambers, President APAC, Orc Group. “This recognition not only reflects the capabilities of Orc Flow Control, it also represents an endorsement of the investment we have made in expanding our Electronic Execution offering to meet the broad needs of the Asia Pacific’s trading environments. We look forward to continuing to enhance our solutions and it’s exciting to see our extended platform being used to future proof the needs of both our trading and brokerage customers.”
William Mitting, Editor and Publisher of FOW, commented, “The judging panel has been impressed by the advanced functionality of Orc Flow Control and Orc’s innovative approach in addressing the growing risk management needs in Asia. We congratulate Orc on their award.”
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Orc Flow Control provides comprehensive multi-market pre-trade risk controls designed to meet common regulatory frameworks. From a single user interface, brokers can set up limits and monitor trading activity in real time for all participants across all markets. The new version includes limits based on theoretical values, allowing firms to control order flow based on various market scenarios.