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DragonBack, Orc Sign Tech Deal
Hong Kong-based fund manager DragonBack Capital has signed a deal with Orc Group, a provider of technology and services for the global financial industry.
Hong Kong-based fund managerDragonBack Capitalhas signed a deal withOrcGroup, a provider of technology and services for the global financial industry,Cision Wirereports. DragonBack has selected an Orc Trading solution to support trading requirements in its new Asia volatility strategy, theSharp Peak Vega Fund.
The contract, which was booked in the second quarter of 2011, is based on Orc’s licensing subscription model. The Orc Trading solutions are used by financial firms across the world for market making, volatility trading and high-frequency trading.
Click here for the story fromCision Wire.