A proprietary trading firm wanted to execute equity cash cross-border arbitrages and was looking to take advantage of fragmentation and a changing rebate structure. The deployed solution was not low-latency enough and the firm not able to trade
as many stock pairs as it wanted. Due to a lack of resources and technical knowhow, deploying an in-house custom solution was not an option. By deploying Orc Spreader, the firm was able to significantly ramp up the number of arbitrages traded, while co-location and server-based execution dramatically lowered latency. With one user, the firm has captured a significant share of the fragmented market. Asset class neutrality has also allowed expansion into the futures space, with a significant market share as a result.

A US-based proprietary trading firm was looking to trade futures versus ETFs. Given the competitive nature of the futures market, efficient hedging of the futures leg was imperative to secure profit. Furthermore, the firm lacked membership to markets listing the ETFs of interest. Utilizing Orc Spreader, the firm was able to take advantage of sophisticated its hedging. functionality, which combined with colocation and low response times drastically improved hedging. By making use of Orc’s extensive market access offering to receiving brokers, a broker that provided execution in all the products of interest was found. With Orc’s multi-asset class support and the broker’s wide product offering, the firm has also been able to significantly decrease the time-to-market for testing and deploying
new ideas.