Orc Software, the Stockholm-based technology vendor that supplies systems for market-making, trading and brokerage, has signed an agreement with Citigroup to allow all its existing customers to access the Citibank automated trading platform (Cats-OS) from the end of June.Orc said the deal will give smaller trading houses cost-efficient access to 40 of Europe’s largest brokers that trade on Cats-OS. In addition, many of the largest issuers on the continent trade on the system, including ABN Amro, Goldman Sachs, Deutsche Bank, UBS and Merrill Lynch.
“By enabling Orc users to link to our platform we will raise liquidity and thus further increase the attractions of Cats-OS,” said Marco Diehl, director of strategy and markets for Cats-OS at Citigroup. This will draw the attention of other potential customers to the platform's services, he added.
More on Technology
CenturyLink will ultimately make analytics tools available as managed service in its cloud infrastructure
Competition intensifies in battle for Asia structured products market
IT systems not geared for trade reporting under EU anti-manipulation law
Result comes despite tougher rules on market manipulation and abuse
Sign up for Risk.net email alerts
Sponsored video: MarketAxess
Sponsored video: Tradeweb
Multifonds talks to Custody Risk on being nominated for the Post-Trade Technology Vendor of the Year at the Custody Risk Awards 2014
Sponsored webinar: IBM Risk Analytics
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.