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
'Ethical hacking' seeks to develop people as a point of a system's strength
Wipro's Sukant Paikray offers advice on how firms can better address the increasing demand for higher data quality
Two panellists at the Buy-Side Technology North American Summit talk about their firms' use of big data lakes in place of data warehouses
Two banks announce successful transactions on China International Payment System
Sign up for Risk.net email alerts
Sanjay Sharma talks about risk transparency and how his book helps achieve it.
A five-minute formula from Alexander Denev that takes you through a simple probabilistic graphical model and explains how and why these are used. Find out more about the ground-breaking book, Probabilistic...
Industry leader Vincent Kaminski discusses the challenges faced by energy markets and his new book, Managing Energy Price Risk, 4th Edition.
Momtchil Pojarliev talks about his book, The Role of Currency in Institutional Portolios, currency investing and the potential role of currencies in institutional portfolios.
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.