Orc, the global market leader in electronic trading technology for listed derivatives, was named “Prop Traders’ ISV of the Year” at the FOW International Awards, presented by FOW yesterday in London.

The FOW International Awards recognize the most innovative companies from across the global derivatives markets. “Prop Traders’ ISV of the Year” is based on a survey of over 80 board level executives at proprietary trading businesses in Europe, Asia and the US. It is awarded to the preferred software vendor specifically named by the respondent community, without prior nomination or multiple choice selection.

“We are honored and humbled by this recognition, as prop traders are particularly demanding users whose opinions carry a lot of weight, for Orc’s strategic direction as well as for inspiring our services and development teams,” said Jonas Hansbo, Chief Strategy Officer, Orc Group. “We see the prop trading community’s choice as a litmus test of Orc’s competitive advantage, and it encourages us to keep listening to their needs and to stay true to Orc’s commitment to game-changing innovation.”

Orc's next-generation Trading Bricks platform was engineered from the ground for today’s trading reality: built to be easily customized, scalable, co-located and blazingly fast. With an app-based, modular architecture, Trading Bricks provides an easily extendable and fully customizable trading platform which is inherently low latency.

”While Orc has a well-established brand in the futures and options space, the company has taken great strides forward the past year, following its merger with Tbricks,” said William Mitting, publisher of FOW. “The Prop Traders’ award suggests that Orc has managed to combine a loyal, satisfied user community with the forward-looking initiatives which firms expect from their trading technology suppliers.”

Orc recently announced an expansion and update of its offering to address new regulatory requirements arising from the revised European MiFID II Directive, which is expected to have major implications for market participants: trading venues, investment firms and their clients.