Orc Software (SSE: ORC), the leading global provider of solutions for advanced trading and connectivity, today announced that New York-based options market maker Toro Trading has selected Orc's options market making solution for connectivity to the Chicago Climate Futures Exchange (CCFE) options platform.
Toro Trading intends to become one of the first options market makers connected to CCFE's options platform. The order was booked in Q1, 2010, and the contract is based on Orc's licensing subscription model.
"To expand our business, we wanted a solution that offered the market connections we needed as well as the scalability to make markets on new exchanges," said Taylor Lukof, Partner at Toro Trading. "Orc Software provided the solution for options market making as well as the market connectivity that we needed."
"Options market making solutions are a core part of our business, and the addition of Toro Trading to our market making client base is a testament to the power of our solutions," said Steve Lukes, VP of Americas Sales at Orc Software. "Combining our powerful options market making technology with our growing market connectivity gives customers the solution they need to grow their business and stay ahead of their competition."
"We are delighted to have Toro Trading, a premier options market maker, connected to CCFE's futures and options platforms and Orc Software as the first ISV to offer connectivity to the options platform," notes Satish Nandapurkar, President and CEO of CCFE. "CCFE is growing with the support of firms like Toro Trading and Orc Software."