Orca Undergoes Beta Launch of Its SMT FX Trade Execution Interface
- Orca’s interface will cater to institutional FX dealing desks that are aiming to consolidate a series of tasks into one cohesive application
Orca, a provider of solutions for the financial services industry, has seen the beta launch of its Sales Management and Trading (SMT) interface, its new foreign exchange (FX) pricing and execution utility, according to an Orca statement.
Orca’s new interface will cater to institutional FX dealing desks that are aiming to consolidate a series of tasks into one cohesive application – this includes detailed trade information, Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term, and measured margin potential.
Traditionally, sales personnel at institutional FX desks were relegated to utilizing single dealer platforms or multi-bank aggregators in an attempt to hedge exposure with their clients. This practice saw the provision of client quotes from prices derived from these systems, which consequently incorporated a small spread on each trade as a fee.
Orca SMT was designed in an attempt to mitigate pricing errors and inefficiencies, which effectively automates the entirety of the process, through a FiX connection to liquidity sources. Orca hopes the resulting process will rely on a more stable and accurately prices utility for clients given the transparency in margin capture that FX sales personnel are adding as they quote their clients.
According to Daniel Osborne, Chief Executive Office (CEO) of Orca SMT, in a recent statement on the beta launch, “I am happy to announce that Orca SMT has completed its initial testing and is currently in a beta phase with several banks.”
“By providing salespeople with real-time client intelligence, Orca SMT enables them to price more accurately and ultimately win more deals. Combining this functionality with management visibility and connectivity to deal capture and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term systems, we foresee significant service level improvements in voice traded FX,” he added.
Orca, a provider of solutions for the financial services industry, has seen the beta launch of its Sales Management and Trading (SMT) interface, its new foreign exchange (FX) pricing and execution utility, according to an Orca statement.
Orca’s new interface will cater to institutional FX dealing desks that are aiming to consolidate a series of tasks into one cohesive application – this includes detailed trade information, Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term, and measured margin potential.
Traditionally, sales personnel at institutional FX desks were relegated to utilizing single dealer platforms or multi-bank aggregators in an attempt to hedge exposure with their clients. This practice saw the provision of client quotes from prices derived from these systems, which consequently incorporated a small spread on each trade as a fee.
Orca SMT was designed in an attempt to mitigate pricing errors and inefficiencies, which effectively automates the entirety of the process, through a FiX connection to liquidity sources. Orca hopes the resulting process will rely on a more stable and accurately prices utility for clients given the transparency in margin capture that FX sales personnel are adding as they quote their clients.
According to Daniel Osborne, Chief Executive Office (CEO) of Orca SMT, in a recent statement on the beta launch, “I am happy to announce that Orca SMT has completed its initial testing and is currently in a beta phase with several banks.”
“By providing salespeople with real-time client intelligence, Orca SMT enables them to price more accurately and ultimately win more deals. Combining this functionality with management visibility and connectivity to deal capture and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term systems, we foresee significant service level improvements in voice traded FX,” he added.