Technology | 2011.05.12
Orc Software: DRO|WST Uses Orc for Advanced VIX Options Trading
CHICAGO--(BUSINESS WIRE)--Orc Software (STO:ORC), a leading provider of technology and services for the global financial industry, today announced that Chicago-based broker-dealer DRO|WST is using Orc Trader for sophisticated VIX options quoting and trading. The order was booked in Q1 2011, and the contract is based on Orc’s licensing subscription model. DRO|WST is using Orc Trader to improve the efficiency of their quoting and trading of VIX options on the Chicago Board Options Exchange (CBOE).
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