Source: Orc Software
Orc Software, a leading provider of automated trading technology, reports today that CQS Management Ltd, a London based hedge fund, will be implementing Orc Software's most advanced technology, Orc Liquidator.
Orc Liquidator offers hedge funds and other asset managers as well as proprietary traders and market makers, a high-performance, server-based trading platform allowing flexible definition, modification and execution of trading strategies across multiple asset classes, broker connections and electronic markets.
CQS will be using Orc Liquidator as the cornerstone of their trading and arbitrage activities for a diverse set of global markets and cross-border opportunities.
"We selected Orc Software after an extensive review of all the key automated trading system vendors," says Michael Hintze, CEO, CQS Management Ltd."We were really impressed with the system's intuitiveness", he added.
Jonas Lindstrom, CEO Orc Software, comments on the deal. ``That we have been entrusted with this key business requirement within CQS indicates the strength of our automated technology and confirms the growing presence of Orc Liquidator within the buy-side community."