Orc, a provider of technology and services for the financial industry, has launched Orc Flow Control, a new solution for managing and monitoring pre-trade risk.
Orc Flow Control is designed to help brokers enhance their DMA offerings; and for banks and trading firms to manage their internal flows.
Based on a single user interface, Orc Flow Control provides flexible, real time monitoring of limits and trading activities for multiple participants across multiple markets. Compared to current single market gateway controls, Orc Flow Control offers a multi-market view, greater ease of use, superior functionality and is fully compliant with the ESMA regulatory framework.
“Flexible pre-trade and compliance solutions are key for our customers in order to efficiently manage risk and the changing regulatory requirements,” says Jesper Alfredsson, vice president product management, Orc. “With Orc Flow Control we also introduce a user friendly and highly customisable interface to the risk management function, characteristics that Orc users long have experienced and appreciated.”
Orc Flow Control offers advanced functionality for defining precise controls and filters, monitoring of trading activities as well as “fat finger” controls on individual order level. All limits and pre-trade checks are defined from the Orc Flow Control GUI and can be changed in real time. Additional features allow for immediately disabling trading activity for selected markets, traders or participants.
Orc Flow Control is immediately available for Orc clients in the EMEA region. Product availability and support for additional regions and markets is to be announced.