Orc Selected by BRED Banque Populaire for Market Making on Eurex

Orc, a leading provider of technology and services for the global financial industry, today announced that BRED Banque Populaire, a leading regional bank in France, has selected Orc Market Maker, Orc’s high-performance turnkey solution for derivatives market making.

A new Orc customer, BRED Banque Populaire will use Orc Market Maker to support its expanding market making operations at Eurex. The bank chose Orc following an extensive evaluation of available market making tools.

“We have been looking for a market making application with leading edge performance as well as a broad toolset which helps us trade more efficiently,” says Pierre Vedrines, Head of Capital Markets, BRED Banque Populaire. “Orc Market Maker provides an excellent match for our needs.”

Orc Market Maker offers an out-of-the box solution for Market Makers Market Makers Market makers or called dealing desk brokers represent a type of broker that internalize flows and are taking the opposite side of a transaction submitted by their clients. The market making broker is only quoting a feed of prices to its clients. These feeds may or may not be the exact same as the prices quoted on the interbank market.Any order a client enters is processed internally and never goes out to the market, except in rare cases where a market making brokerage identifies a client as a v Market makers or called dealing desk brokers represent a type of broker that internalize flows and are taking the opposite side of a transaction submitted by their clients. The market making broker is only quoting a feed of prices to its clients. These feeds may or may not be the exact same as the prices quoted on the interbank market.Any order a client enters is processed internally and never goes out to the market, except in rare cases where a market making brokerage identifies a client as a v Read this Term, while offering extensive support for customization. It enables market makers to trade listed derivatives, structured and cash products on multiple exchanges, while facilitating their decision-making.

“As France is a strategic market for Orc, we are very pleased with the choice of BRED Banque Populaire to go with Orc Market Maker, which is clearly indicative of our strong presence here,” says Guillaume Poitevin, Vice President Sales EMEA, Orc. “Their deployment of the latest version of Orc Market Maker also makes a convincing case for our approach to developing a turnkey, high-performance trading solution which is easily adapted to a broad range of market making requirements.”

Orc Market Maker has a versatile toolset which offers great flexibility to support different approaches to market making. In its latest release, major enhancements are found in the click trading functionality, enabling more personalized settings and preferences for context-sensitive click trading. Manual orders can be entered more intuitively, improving trader productivity. Orc Market Maker also helps facilitate more intelligent quoting by automated hedge management, Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term conscious pricing and strike prioritization alongside smart portfolio management.