Difference between revisions of "Itiviti"

From MarketsWiki
Jump to: navigation, search
(Partnerships and Initiatives)
(History)
(4 intermediate revisions by the same user not shown)
Line 32: Line 32:
 
In 2000, the company formed [[subsidiaries]] in Frankfurt, London, Milan, Moscow, New York and Sydney. Orc Software's [[share]]s were listed on the [[Stockholm Stock Exchange]] on Oct. 19, 2000. Orc Software opened offices in Hong Kong, St. Petersburg and Zurich in 2001, and in 2002, Orc signed a distribution agreement with [[Reuters]] and opened offices in Tokyo, Toronto and Vienna.
 
In 2000, the company formed [[subsidiaries]] in Frankfurt, London, Milan, Moscow, New York and Sydney. Orc Software's [[share]]s were listed on the [[Stockholm Stock Exchange]] on Oct. 19, 2000. Orc Software opened offices in Hong Kong, St. Petersburg and Zurich in 2001, and in 2002, Orc signed a distribution agreement with [[Reuters]] and opened offices in Tokyo, Toronto and Vienna.
  
== Partnerships and Initiatives ==
+
[[ICAP]] began using Orc's CameronFIX and CameronFAST in September 2007 to facilitate its FX trading. Orc and ICAP finalized the deal towards the end of 2006.<ref>{{cite web|name=ICAP Utilizes Orc Software’s CameronFIX and CameronFAST to Support FX Trading over FIX Protocol|org=Cision Wire|date=June 19, 2009|url=http://www.cisionwire.com/orc-software/icap-utilizes-orc-software-s-cameronfix-and-cameronfast-to-support-fx-trading-over-fix-protocol}}</ref>
  
=== Orc provides connectivity solutions for new DIFX trading platform ===
+
Orc Software acquired its rival [[Neonet]] in April 2010 for around SKr 1,227 million, but later offloaded it to a team made up of Neonet's management, Hay Tor Capital and Kas Bank.<ref>{{cite web|url=http://www.thetradenews.com/trading-execution/4154|name=Orc/Neonet merger enables joint equity and derivatives offering|org=The Trade News|date=March 31, 2010}}</ref>  <ref>{{cite web|url=http://www.finextra.com/News/FullStory.aspx?newsitemid=24288|name=Orc offloads Neonet to management and Hay Tor Capital|org=Finextra|date=April 8, 2013}}</ref> <ref>{{cite web|url=http://www.ft.com/cms/s/0/5e964ae8-0a1a-11df-8b23-00144feabdc0.html|name=Orc Software in offer for Neonet|org=The Financial Times|date=March 31, 2010}}</ref>  <ref>{{cite web|url=http://www.thetradenews.com/trading-execution/4154|name=Orc/Neonet merger enables joint equity and derivatives offering|org=The Trade News|date=March 31, 2010}}</ref>
In 2008, Orc announced an updated market gateway to the [[Dubai International Financial Exchange]] ([[DIFX]]) and its new [[OMX]] X-Stream trading platform. Orc Software was one of the first certified vendors for the new DIFX platform.<ref>{{cite web|url=https://derivsource.com/2008/09/08/orc-provides-connectivity-solutions-for-new-difx-trading-platform/|org=Derivsource|name=Orc provides connectivity solutions for new DIFX trading platform|date=June 19, 2009}}</ref>
+
 
+
=== Bank of China International Selects Orc Algorithmic Trading ===
+
BOC International Holding Limited (BOCI) selected Orc’s Algorithmic Trading solution for expanding its [[trading]] capabilities.<ref>{{cite web|url=http://www.reuters.com/article/pressRelease/idUS71100+27-Aug-2008+BW20080827|name=Bank of China International Selects Orc Algorithmic Trading to Spearhead Growth|date=June 19, 2009|org=Reuters}}</ref> BOCI is a wholly owned [[subsidiary]] of [[Bank of China Ltd.]] and has been an Orc customer since 2004.
+
 
+
=== Orc Continues Eastern European Expansion ===
+
Orc announced a new reseller agreement with [[IN2]] d.o.o., a business applications developer and systems integrator based in Zagreb, Croatia.<ref>{{cite web|name=Orc Software Continues Eastern European Expansion and Selects IN2 for Reseller and Services Partner in Croatia|date=June 19, 2009|org=EuroInvestor|url=http://www.euroinvestor.co.uk/news/shownewsStory.aspx?StoryID=9905396&BW=20080718005171}}</ref>
+
 
+
According to the reseller agreement, IN2 will provide the full range of Orc Trading and Orc Connect products and solutions for advanced [[electronic trading]] and connectivity, including additional services and support to customers in Croatia, Serbia, Slovenia, Bosnia and Herzegovina, Kosovo and Montenegro.
+
 
+
=== Banca Aletti Launches New Derivatives Using Orc ===
+
The Italian [[bank]] and established Orc Software customer, Banca Aletti, has used Orc technology to launch two new certificates for basket of [[stock]]s on the Italian Securitised Derivatives Exchange, SeDeX.
+
 
+
The new certificates (AL7499 and AL8461) make use of Orc’s covariance matrix for [[derivatives]] based on baskets of correlated [[securities]].<ref>{{cite web|name=Banca Aletti Utilizes Orc Technology to Launch New Derivatives Products on Italian Market|date=June 19, 2009|org=Reuters|url=http://www.reuters.com/article/pressRelease/idUS169400+09-Jan-2008+BW20080109}}</ref>
+
 
+
=== ICAP Utilizes Orc For FX Trading ===
+
[[ICAP]], which operates the leading [[foreign exchange]] [[trading platform]] EBS, began using Orc's CameronFIX and CameronFAST in September 2007 to facilitate its FX trading. Orc and ICAP finalized the deal towards the end of 2006.<ref>{{cite web|name=ICAP Utilizes Orc Software’s CameronFIX and CameronFAST to Support FX Trading over FIX Protocol|org=Cision Wire|date=June 19, 2009|url=http://www.cisionwire.com/orc-software/icap-utilizes-orc-software-s-cameronfix-and-cameronfast-to-support-fx-trading-over-fix-protocol}}</ref>
+
 
+
=== Merger With Neonet ===
+
 
+
Orc Software acquired its rival [[Neonet]] in April 2010 for around SKr 1,227 million, but later offloaded it to a team made up of Neonet's management, Hay Tor Capital and Kas Bank. <ref>{{cite web|url=http://www.thetradenews.com/trading-execution/4154|name=Orc/Neonet merger enables joint equity and derivatives offering|org=The Trade News|date=March 31, 2010}}</ref>  <ref>{{cite web|url=http://www.finextra.com/News/FullStory.aspx?newsitemid=24288|name=Orc offloads Neonet to management and Hay Tor Capital|org=Finextra|date=April 8, 2013}}</ref> <ref>{{cite web|url=http://www.ft.com/cms/s/0/5e964ae8-0a1a-11df-8b23-00144feabdc0.html|name=Orc Software in offer for Neonet|org=The Financial Times|date=March 31, 2010}}</ref>  <ref>{{cite web|url=http://www.thetradenews.com/trading-execution/4154|name=Orc/Neonet merger enables joint equity and derivatives offering|org=The Trade News|date=March 31, 2010}}</ref>
+
  
 
Orc separated its three businesses, Orc, [[Neonet]] and [[CameronTec]], in March 2012. <ref>{{cite web|url=http://www.orc-group.com/The-Company/Press/News-Press/News/468156/orc-neonet-camerontec-operated-separate-companies/|name=Orc, Neonet and CameronTec to be Operated as Separate Companies|org=Orc Group|date=September 10, 2015}}</ref>
 
Orc separated its three businesses, Orc, [[Neonet]] and [[CameronTec]], in March 2012. <ref>{{cite web|url=http://www.orc-group.com/The-Company/Press/News-Press/News/468156/orc-neonet-camerontec-operated-separate-companies/|name=Orc, Neonet and CameronTec to be Operated as Separate Companies|org=Orc Group|date=September 10, 2015}}</ref>
  
=== Orc Connects To Brazilian Markets ===
+
On Nov. 1, 2010, Orc announced access to the Brazilian markets through the broker Alpes Corretora de Cambio (Alpes). <ref> {{cite web|url = http://www.businesswire.com/news/home/20101101005885/en/Orc-Software-Connectivity-Brazilian-Markets-Broker-Alpes|name = Orc Software Provides Connectivity to Brazilian Markets via Broker Alpes Corretora De Cambio|org = BusinessWire|date = November 1, 2010}}</ref>
On Nov. 1, 2010, Orc announced access to the Brazilian markets through the broker Alpes Corretora de Cambio (Alpes). Alpes' clients will be provided Orc's low [[latency]] trading infrastructure for high frequency trading strategies and pricing, risk management and [[volatility]] management tools.  <ref> {{cite web|url = http://www.businesswire.com/news/home/20101101005885/en/Orc-Software-Connectivity-Brazilian-Markets-Broker-Alpes|name = Orc Software Provides Connectivity to Brazilian Markets via Broker Alpes Corretora De Cambio|org = BusinessWire|date = November 1, 2010}}</ref>
+
 
+
=== Orc Integrates NYSE Liffe's Cscreen===
+
On April 25, 2012, Orc announced that it had integrated the Orc Trading products with Cscreen, [[NYSE Liffe]]’s global pre-trade price discovery platform, providing traders with a more efficient way of interfacing Indications of Interests (IOIs) for equity and index derivatives from inter-dealer brokers.  <ref> {{cite web|url = http://www.orc-group.com/The-Company/Press/News-Press/News/484236/orc-integrates-with-cscreen-to-provide-otc-pricing-and-reporting-functionality/|name = Orc integrates Cscreen to provide OTC pricing and reporting functionality|org = Orc|date = December 26, 2014}}</ref>
+
 
+
=== Orc Partners with Blue Trading Systems ===
+
On July 23, 2012, Orc announced a partnership with Blue Trading Systems to provide a combined solution that would integrate BlueTrade’s tablet system with Orc’s electronic options platform. <ref> {{cite web|url =  http://www.orc-group.com/The-Company/Press/News-Press/News/1078195/orc-partners-with-blue-trading-systems-to-provide-tablet-systems-to-floor-traders/|name = Orc partners with Blue Trading System|org = Orc|date = December 26, 2014}}</ref>
+
 
+
===Orc Partners with NovaSparks===
+
On October 29, 2012, Orc and NovaSparks announced an alliance for Orc clients to use high speed FPGA data feeds from NovaSparks. <ref> {{cite web|url = http://www.orc-group.com/The-Company/Press/News-Press/News/1154119/orc-seamlessly-integrates-ultra-low-latency-deterministic-market-data-feeds-from-novasparks/|name = Orc seamlessly integrates ultra low-latency market data feeds from Novasparks|org = Orc Group|date = December 26, 2014}}</ref>
+
 
+
=== Orc Partners with BCS ===
+
On April 3, 2014, BCS Financial Group announced a partnership with Orc that allowed Orc’s clients to trade Russian securities and derivatives on the [[Moscow Exchange]] and on the [[London Stock Exchange]]. <ref> {{cite web|url = http://www.orc-group.com/The-Company/Press/News-Press/BCS-Announces-Partnership-with-Orc-Granting-Russian-Market-Access-to-International-Investors/|name = BCS Announces Partnership with Orc Granting Russian Market Access to International Investors|org = Orc Group|date = April 7, 2014}}</ref>
+
 
+
=== Orc Partners with Azul Systems===
+
On November 4, 2014, it was announced that Orc Group partnered with Azul Systems to enable smarter high performance trading.  <ref> {{cite web|url = https://www.azul.com/press_release/azul-systems-and-orc-partner-to-enable-smarter-high-performance-trading/|name = Azul Systems and Orc partner to enable smarter high performance trading|org = Azul Systems|date = December 26, 2014}}</ref>
+
 
+
===Orc to Acquire Tbricks===
+
On January 2, 2015, Orc Group announced that its parent company signed an agreement to acquire [[Tbricks]], with the intention of transfering ownership of Tbricks into Orc and incorporating it into Orc's trading platform.<ref> {{cite web|url = http://www.businesswire.com/news/home/20150101005059/en/Orc-Group-Holding-AB-Orc-Group-Holding#.VKa10ivF-vQ|name = Orc Group Holding AB: Orc Group Holding AB´s owner Cidron Delfi Intressenter Holding AB acquires Tbricks AB|org = BusinessWire|date = January 2, 2015}}</ref>
+
 
+
===UBS to extend Orc's solution ===
+
On January 12, 2015, Orc Group announced that [[UBS Securities]] has extended its broad usage of Orc’s Electronic Execution solution to facilitate DMA on the Australian Stock Exchange (ASX) and the Chicago Mercantile Exchange (CME). Using the extended solution, UBS leverages Orc’s low-latency market access and a new version of the integrated pre-trade risk management product, [[Orc Flow Control]].<ref> {{cite web|url = http://www.orc-group.com/The-Company/Press/News-Press/News/1788294/ubs-extends-orcs-electronic-execution-solution/|name = UBS Extends Orc's Electronic Execution Solution|org = Orc Group|date = September 15, 2015}}</ref>
+
 
+
===Erste Group migrates to Orc's Electronic Execution platform ===
+
In February 2015, Orc announced that Erste Group’s Equity Capital Markets team has migrated to Orc’s Electronic Execution platform, including the [[Orc FIX Access]] connectivity product. Erste Group has now consolidated legacy market access gateways into a coherent, manageable and expandable framework, while significantly reducing complexity and infrastructure cost. <ref> {{cite web|url = http://www.orc-group.com/The-Company/Press/News-Press/News/1805648/erste-group-adds-orc-electronic-execution/|name = Erste Group adds Orc electronic execution|org = Orc Group|date = September 15, 2015}}</ref>
+
 
+
===Orc introduces Orc Tbricks ===
+
On February 19, 2015, Orc introduced a new trading platform. [[Orc Tbricks]] is a  high performance modular infrastructure with an open and flexible app-based solution for trading, pricing and risk.  <ref> {{cite web|url = http://www.orc-group.com/The-Company/Press/News-Press/Orc-Introduces-Orc-Tbricks-new-member-of-the-Orc-product-family/|name = Orc Introduces Orc Tbricks|org = Orc Group|date = September 15, 2015}}</ref>
+
  
===Orc expands Nasdaq connectivity ===
+
On April 25, 2012, Orc announced that it had integrated the Orc Trading products with Cscreen, [[NYSE Liffe]]’s global pre-trade price discovery platform, providing traders with a more efficient way of interfacing Indications of Interests (IOIs) for equity and index derivatives from inter-dealer brokers.<ref> {{cite web|url = http://www.orc-group.com/The-Company/Press/News-Press/News/484236/orc-integrates-with-cscreen-to-provide-otc-pricing-and-reporting-functionality/|name = Orc integrates Cscreen to provide OTC pricing and reporting functionality|org = Orc|date = December 26, 2014}}</ref>
In March 2015, Orc supplemented connectivity to the energy markets by adding Nasdaq's new futures exchange, NFX. <ref> {{cite web|url = http://www.orc-group.com/The-Company/Press/News-Press/News/1838838/orc-expands-nasdaq-connectivity-include-energy/|name = Orc extends connectivity of Nasdaq markets|org = Orc Group|date = September 15, 2015}}</ref>
+
  
===Orc announced connectivity to Aequitas NEO ===
+
On July 23, 2012, Orc announced a partnership with Blue Trading Systems that would integrate BlueTrade’s tablet system with Orc’s electronic options platform.<ref> {{cite web|url = http://www.orc-group.com/The-Company/Press/News-Press/News/1078195/orc-partners-with-blue-trading-systems-to-provide-tablet-systems-to-floor-traders/|name = Orc partners with Blue Trading System|org = Orc|date = December 26, 2014}}</ref>
In March 2015, Orc announced connectivity to Aequitas NEO Exchange in Canada. <ref> {{cite web|url = http://www.orc-group.com/The-Company/Press/News-Press/News/1852035/orc-opportunities-canadian-markets-connecting-aequitas/|name = Orc extends connectivity to include Aequitas NEO Exchange|org = Orc Group|date = September 15, 2015}}</ref>
+
  
===Orc Tbricks obtains CBOE certification ===
+
In April 2014, BCS Financial Group partnered with Orc to allow Orc’s clients to trade Russian securities and derivatives on the [[Moscow Exchange]] and on the [[London Stock Exchange]]. <ref> {{cite web|url = http://www.orc-group.com/The-Company/Press/News-Press/BCS-Announces-Partnership-with-Orc-Granting-Russian-Market-Access-to-International-Investors/|name = BCS Announces Partnership with Orc Granting Russian Market Access to International Investors|org = Orc Group|date = April 7, 2014}}</ref>
In May 2015, Orc announced that the new Orc Tbricks trading platform now offers a certified interface to the [[Chicago Board Options Exchange]], including the CBOE Futures Exchange (CFE). <ref> {{cite web|url = http://www.orc-group.com/The-Company/Press/News-Press/News/1894753/orc-obtains-cboe-certification-next-generation-trading/|name = Orc obtains CBOE certification|org = Orc Group|date = September 15, 2015}}</ref>
+
  
===Sberbank selects Orc ===
+
Orc Group's parent company acquired [[Tbricks]] in January 2015, with the intention of transferring ownership of Tbricks into Orc and incorporating it into Orc's trading platform,<ref> {{cite web|url = http://www.businesswire.com/news/home/20150101005059/en/Orc-Group-Holding-AB-Orc-Group-Holding#.VKa10ivF-vQ|name = Orc Group Holding AB: Orc Group Holding AB´s owner Cidron Delfi Intressenter Holding AB acquires Tbricks AB|org = BusinessWire|date = January 2, 2015}}</ref> and on February 19, 2015, Orc launched the new trading platform as [[Orc Tbricks]] <ref> {{cite web|url = http://www.orc-group.com/The-Company/Press/News-Press/Orc-Introduces-Orc-Tbricks-new-member-of-the-Orc-product-family/|name = Orc Introduces Orc Tbricks|org = Orc Group|date = September 15, 2015}}</ref>
In June 2015, Sberbank announced they had selected Orc for market making, OTC pricing and Delta One trading<ref> {{cite web|url = http://www.orc-group.com/The-Company/Press/News-Press/News/1924031/sberbank-cib1-selects-orc-trading-market/|name = Sberbank selects Orc|org = Orc Group|date = September 15, 2015}}</ref>
+
  
===Orc announced co-operation with Galaxy Futures ===
+
In January 2015 [[UBS Securities]] extended its broad usage of Orc’s Electronic Execution solution to facilitate DMA on the Australian Stock Exchange (ASX) and the Chicago Mercantile Exchange (CME). <ref> {{cite web|url = http://www.orc-group.com/The-Company/Press/News-Press/News/1788294/ubs-extends-orcs-electronic-execution-solution/|name = UBS Extends Orc's Electronic Execution Solution|org = Orc Group|date = September 15, 2015}}</ref>
On June 23, 2015, Orc announced a co-operation with Galaxy Futures Co. to provide high performance connectivity to Orc clients for the Chinese markets. <ref> {{cite web|url = http://www.orc-group.com/The-Company/Press/News-Press/News/1926132/galaxy-futures-offers-high-speed-access/|name = Galaxy Futures|org = Orc Group|date = September 15, 2015}}</ref>
+
  
===Shanghai ShenYi Invesment Co implements Orc Tbricks ===
+
In February 2015, Erste Group’s Equity Capital Markets team migrated to Orc’s Electronic Execution platform. <ref> {{cite web|url = http://www.orc-group.com/The-Company/Press/News-Press/News/1805648/erste-group-adds-orc-electronic-execution/|name = Erste Group adds Orc electronic execution|org = Orc Group|date = September 15, 2015}}</ref>
On June 29, 2015, Orc announced that Shanghai ShenYi Investment Co. (ShenYi) has implemented Orc’s Trading Bricks solution to improve trade efficiency for ETF options trading on Shanghai Stock Exchange (SSE). <ref> {{cite web|url = http://www.orc-group.com/The-Company/Press/News-Press/News/1930604/shanghai-shenyi-investment-deploys-orc-enhance/|name = Shanghai ShenYi Investment|org = Orc Group|date = September 15, 2015}}</ref>
+
  
===Orient Securities selects Orc for ETF options trading ===
+
In March 2015, Orc added connectivity to Nasdaq's new futures exchange, NFX. <ref> {{cite web|url = http://www.orc-group.com/The-Company/Press/News-Press/News/1838838/orc-expands-nasdaq-connectivity-include-energy/|name = Orc extends connectivity of Nasdaq markets|org = Orc Group|date = September 15, 2015}}</ref> That same month is also connected to Aequitas NEO Exchange in Canada. <ref> {{cite web|url = http://www.orc-group.com/The-Company/Press/News-Press/News/1852035/orc-opportunities-canadian-markets-connecting-aequitas/|name = Orc extends connectivity to include Aequitas NEO Exchange|org = Orc Group|date = September 15, 2015}}</ref>
On July 8, 2015, Orc announced that Orient Securities Co. Ltd. (Orient Securities), one of the largest securities firms in China, has selected Orc’s Trading Bricks platform for their options market making operations on Shanghai Stock Exchange (SSE) <ref> {{cite web|url = http://www.orc-group.com/The-Company/Press/News-Press/News/1937450/orient-securities-selects-orc-options-market/|name = Orient Securities|org = Orc Group|date = September 15, 2015}}</ref>
+
  
===Avery Trading selects Orc Tbricks ===
+
In May 2015, the new Orc Tbricks trading platform began offering a certified interface to the [[Chicago Board Options Exchange]], including the CBOE Futures Exchange (CFE). <ref> {{cite web|url = http://www.orc-group.com/The-Company/Press/News-Press/News/1894753/orc-obtains-cboe-certification-next-generation-trading/|name = Orc obtains CBOE certification|org = Orc Group|date = September 15, 2015}}</ref>
On September 1, 2015, Orc announced that Avery Trading had selected Orc Tbricks for market making on CME Globex <ref> {{cite web|url =http://www.orc-group.com/The-Company/Press/News-Press/News/1968020/avery-trading-selects-orc-tbricks-next-generation/|name = Avery Trading|org = Orc Group|date = September 15, 2015}}</ref>
+
  
===Orc recruits senior industry people for newly established market structure team ===
+
In June 2015, Shanghai ShenYi Investment Co. (ShenYi) implemented Orc’s Trading Bricks solution to improve trade efficiency for ETF options trading on the Shanghai Stock Exchange (SSE). <ref> {{cite web|url = http://www.orc-group.com/The-Company/Press/News-Press/News/1930604/shanghai-shenyi-investment-deploys-orc-enhance/|name = Shanghai ShenYi Investment|org = Orc Group|date = September 15, 2015}}</ref>
On September 1, 2015, Orc announced two strategic recruitments: [[Christer Wennerberg]], who joined Orc from the SEB Group and [[Magnus Hedin]], most recently with [[Nasdaq]]. They are entering Orc’s newly established market structure team with the key mission to adapt Orc’s platforms to upcoming regulatory changes, and to launch a broader product and services offering for supporting clients affected by new European market regulations, including MiFID II/MiFIR. <ref> {{cite web|url =http://www.orc-group.com/The-Company/Press/News-Press/News/1976934/orc-recruits-senior-industry-experts-address/|name = Orc Group recruitment|org = Orc Group|date = September 15, 2015}}</ref>
+
  
===Orc Connects to Borsa İstanbul===
+
Orc announced connectivity to [[Borsa İstanbul]] on August 25, 2015.<ref>{{cite web|url=http://www.businesswire.com/news/home/20150825005563/en/Orc-Extends-Connectivity-Borsa-I%CC%87stanbul-Enable-Access#.Vdy6d5feM8I|name=Orc Extends Connectivity to Borsa İstanbul to Enable Access from Next-Generation Trading Platform|org=press release via Businesswire|date=August 25, 2015}}</ref>
On August 25, 2015 Orc announced connectivity to [[Borsa İstanbul]].<ref>{{cite web|url=http://www.businesswire.com/news/home/20150825005563/en/Orc-Extends-Connectivity-Borsa-I%CC%87stanbul-Enable-Access#.Vdy6d5feM8I|name=Orc Extends Connectivity to Borsa İstanbul to Enable Access from Next-Generation Trading Platform|org=press release via Businesswire|date=August 25, 2015}}</ref>
+
  
===Alliance with IHS Markit===
+
On October 31, 2017, Itiviti announced a strategic alliance with IHS Markitto to create an ETF solution integrating the Tbricks trading platform with SOLA, the ETF data service from IHS Markit.<ref>{{cite web|url=https://www.prnewswire.com/news-releases/itiviti-integrates-etf-data-from-ihs-markit-in-delta-one-solution-300546220.html|name=Itiviti Integrates ETF Data From IHS Markit in Delta One Solution|org=Press release from PR Newswire|date=October 31, 2017}}</ref>
On October 31, 2017, Itiviti announced a strategic alliance with IHS Markitto create an ETF solution integrating the Tbricks trading platform with SOLA, the ETF data service from IHS Markit.<ref>{{cite web|url=https://www.prnewswire.com/news-releases/itiviti-integrates-etf-data-from-ihs-markit-in-delta-one-solution-300546220.html|name=Itiviti Integrates ETF Data From IHS Markit in Delta One Solution|org=Press release from PR Newswire|date=October 31, 2017}}</ref>
+
  
 
==People==
 
==People==

Revision as of 15:56, 13 June 2019

RJO-logo.gif
Itiviti
Itiviti Company Logo.png
Founded 2016
Headquarters Kungsgatan 36, 5th floor, P.O. Box 7742 Stockholm, Sweden

Image: 200 pixels

Key People Rob Mackay, CEO; Per Larsson, Chairman; Troels Jensen, COO
Employees 1000
Products Trading execution and risk management software and connectivity
Twitter @itiviti_ab
LinkedIn Profile
Facebook Page
Website http://www.itiviti.com/
Releases Company News

Itiviti is a Stockholm-based software firm specializing in electronic trading technology, financial messaging infrastructure and connectivity.[1]

The company, which is majority-owned by Nordic Capital Fund VII, was established in 2016 to combine two established brands, Orc Group and CameronTec, into a single entity. It has 400 staff in 13 offices worldwide.

The merger of the two subsidiaries was announced in October 2015. The company said the change was called for because "IT budgets continue to be squeezed amid continued introduction of tighter regulatory measures, [and] the resulting heightened pressure is forcing firms to streamline their trading technology." [2] Orc Group acquired Cameron Systems in 2006.

Orc, founded in 1987, provides technology for advanced trading, electronic execution and professional services solutions to the global financial industry. Its trading platform offers connectivity to over 150 markets across multiple asset classes and currencies. The company's customers include investment banks, trading and market-making firms, brokerage houses, institutional investors and hedge funds. The company has more than 200 customers in 30 countries and has offices in Chicago, Hong Kong, London, Milan, New York, St. Petersburg, Stockholm, Sydney, Tokyo and Toronto.[3]

CameronTec, established in 2009, is dedicated to the development, management and distribution of CameronFIX, a Java framework designed for the handling of messages conforming to the Financial Information Exchange protocol, and Catalys, an integrated FIX environment based on CameronFIX.

History

Formed in 1987 by Nils Nilsson and Ulrika Hagdahl, Orc Software's main activity was as a market maker on the Swedish derivatives exchange. Since its inception Orc Software also continuously developed and marketed software for pricing, trading and risk management in financial markets.[4]

Through 1995, sales of the Orc Technology were focused on clients in the Nordic region. 1995 saw the first sales to clients in the UK and Switzerland, and in 1996 the first products were sold to clients in Italy, Hong Kong and Germany. In January 1997, Orc first sold its technology to new clients in Australia and Japan. Also that year, OMX acquired just over 50 percent of the shares in Orc Software. Orc continued its worldwide expansion in 1998 and 1999 with sales to clients in the Netherlands and the U.S.

In 2000, the company formed subsidiaries in Frankfurt, London, Milan, Moscow, New York and Sydney. Orc Software's shares were listed on the Stockholm Stock Exchange on Oct. 19, 2000. Orc Software opened offices in Hong Kong, St. Petersburg and Zurich in 2001, and in 2002, Orc signed a distribution agreement with Reuters and opened offices in Tokyo, Toronto and Vienna.

ICAP began using Orc's CameronFIX and CameronFAST in September 2007 to facilitate its FX trading. Orc and ICAP finalized the deal towards the end of 2006.[5]

Orc Software acquired its rival Neonet in April 2010 for around SKr 1,227 million, but later offloaded it to a team made up of Neonet's management, Hay Tor Capital and Kas Bank.[6] [7] [8] [9]

Orc separated its three businesses, Orc, Neonet and CameronTec, in March 2012. [10]

On Nov. 1, 2010, Orc announced access to the Brazilian markets through the broker Alpes Corretora de Cambio (Alpes). [11]

On April 25, 2012, Orc announced that it had integrated the Orc Trading products with Cscreen, NYSE Liffe’s global pre-trade price discovery platform, providing traders with a more efficient way of interfacing Indications of Interests (IOIs) for equity and index derivatives from inter-dealer brokers.[12]

On July 23, 2012, Orc announced a partnership with Blue Trading Systems that would integrate BlueTrade’s tablet system with Orc’s electronic options platform.[13]

In April 2014, BCS Financial Group partnered with Orc to allow Orc’s clients to trade Russian securities and derivatives on the Moscow Exchange and on the London Stock Exchange. [14]

Orc Group's parent company acquired Tbricks in January 2015, with the intention of transferring ownership of Tbricks into Orc and incorporating it into Orc's trading platform,[15] and on February 19, 2015, Orc launched the new trading platform as Orc Tbricks [16]

In January 2015 UBS Securities extended its broad usage of Orc’s Electronic Execution solution to facilitate DMA on the Australian Stock Exchange (ASX) and the Chicago Mercantile Exchange (CME). [17]

In February 2015, Erste Group’s Equity Capital Markets team migrated to Orc’s Electronic Execution platform. [18]

In March 2015, Orc added connectivity to Nasdaq's new futures exchange, NFX. [19] That same month is also connected to Aequitas NEO Exchange in Canada. [20]

In May 2015, the new Orc Tbricks trading platform began offering a certified interface to the Chicago Board Options Exchange, including the CBOE Futures Exchange (CFE). [21]

In June 2015, Shanghai ShenYi Investment Co. (ShenYi) implemented Orc’s Trading Bricks solution to improve trade efficiency for ETF options trading on the Shanghai Stock Exchange (SSE). [22]

Orc announced connectivity to Borsa İstanbul on August 25, 2015.[23]

On October 31, 2017, Itiviti announced a strategic alliance with IHS Markitto to create an ETF solution integrating the Tbricks trading platform with SOLA, the ETF data service from IHS Markit.[24]

People

Office Locations

Image: 700 pixels

Interactive Map

Headquarters

  • Kungsgatan 36, 5th floor, P.O. Box 7742, Stockholm SE-103 95, Sweden

Europe

  • 23 Camomile Street, 3rd Floor, Camomile Court, London EC3A 7LL, UK
  • 21 Boulevard Haussmann, Paris 75009, France
  • Via Fieno, 1, Milan 20123, Italy
  • 1 Victor Deleu Street, 2nd & 3rd Floor, 400112, Cluj-Napoca, Cluj, Romania

Asia

  • Yakubovicha 24, New St. Isaac Office Centre, St. Petersburg 190000, Russia
  • 1B4, Gundecha Onclave, Kherani Road, Saki Naka, Andheri (East), Mumbai 400072, India
  • RASA Nihonbashi Bldg. 3F, 1-11-5 Nihonbashi Kakigara-cho, Chuo-Ku, Tokyo 103-0014, Japan
  • Room 4201-05, Hopewell Centre, 183 Queen’s Road East, Hong Kong, Hong Kong S.A.R.
  • 5F, Multinational Bancorporation Centre, 6805 Ayala Ave, Manila 1226, Philippines
  • OCBC Centre, 65 Chulia Street, Singapore 049513, Singapore

Australia

  • Sydney Level 18, 56 Pitt Street, Sydney, NSW 2000, Australia

North America

  • 101 W Lakeshore Dr, Houghton, MI 49931 USA
  • 190 S. LaSalle Street, Suite 1200, Chicago, IL 60603, USA
  • 11 Times Square, 31st Floor, New York, NY 10036, USA
  • Toronto

South America

  • Rua Cubatão, 86, 18 andar, CJ 1804, Vila Mariana, São Paulo, SP, CEP 041013-000, Brazil

References

  1. Itiviti AB Established to Deliver Powerful Trading and Connectivity Offering Built for the Future. Yahoo Finance.
  2. Orc Group Holding AB: Orc Group and CameronTec Group Join Forces. Orc Group.
  3. Orc company information. Orc.
  4. History of Orc. Orc Software.
  5. ICAP Utilizes Orc Software’s CameronFIX and CameronFAST to Support FX Trading over FIX Protocol. Cision Wire.
  6. Orc/Neonet merger enables joint equity and derivatives offering. The Trade News.
  7. Orc offloads Neonet to management and Hay Tor Capital. Finextra.
  8. Orc Software in offer for Neonet. The Financial Times.
  9. Orc/Neonet merger enables joint equity and derivatives offering. The Trade News.
  10. Orc, Neonet and CameronTec to be Operated as Separate Companies. Orc Group.
  11. Orc Software Provides Connectivity to Brazilian Markets via Broker Alpes Corretora De Cambio. BusinessWire.
  12. Orc integrates Cscreen to provide OTC pricing and reporting functionality. Orc.
  13. Orc partners with Blue Trading System. Orc.
  14. BCS Announces Partnership with Orc Granting Russian Market Access to International Investors. Orc Group.
  15. Orc Group Holding AB: Orc Group Holding AB´s owner Cidron Delfi Intressenter Holding AB acquires Tbricks AB. BusinessWire.
  16. Orc Introduces Orc Tbricks. Orc Group.
  17. UBS Extends Orc's Electronic Execution Solution. Orc Group.
  18. Erste Group adds Orc electronic execution. Orc Group.
  19. Orc extends connectivity of Nasdaq markets. Orc Group.
  20. Orc extends connectivity to include Aequitas NEO Exchange. Orc Group.
  21. Orc obtains CBOE certification. Orc Group.
  22. Shanghai ShenYi Investment. Orc Group.
  23. Orc Extends Connectivity to Borsa İstanbul to Enable Access from Next-Generation Trading Platform. press release via Businesswire.
  24. Itiviti Integrates ETF Data From IHS Markit in Delta One Solution. Press release from PR Newswire.