Orc Software Reports Q4 Rebound

VENDOR UPDATE

LONDON—Direct market access (DMA) provider Orc Software announced its end-of-year results for 2004 last week, which included three new sales of its strategy-trading offering, dubbed Liquidator.

The sales come as a welcome reprieve to the vendor, which issued a profit warning in October of last year that was attributed to a slowdown in the Liquidator sales cycle (DWT, Oct. 11, 2004). Liquidator allows traders to execute automated trading strategies across all of the markets that Orc offers

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