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.
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