According to Orc Software, Raiffeisen Centrobank is expanding its presence in Romania. For that purpose, the bank has obtained membership with the Bucharest Stock Exchange, which allows for offering direct market access (DMA) services to its clients.
Part of the Orc Connect connectivity solution, the new Orc DMA for Brokerage implementation for the Bucharest Stock Exchange has been co-developed with E2E infotech, a subsidiary of India-based Aurion Pro, an Orc business partner which provides additional integration products and related professional services to customers globally.
Orc Software claims that Orc Connect provides traders and brokers with access to liquidity pools, both for market members and non-members, in the critical areas of execution, market data and reference data.
Gunter Volker, director of IT and Organization at Raiffeisen Centrobank, said: As we already use Orc’s trading solutions in our daily operations and have a solid trust in their capabilities, Orc was our first choice for technology supplier when preparing to grow our business in Eastern Europe. We were pleased to find that Orc delivers just the kind of connectivity solutions we require to build a highly competitive DMA offering to cover several key markets in this region.
Anders Henriksson, president for Benelux, Central and Eastern Europe at Orc Software, said: Orc has an unrivaled connectivity offering for reaching into the emerging markets of Eastern Europe. Raiffeisen Centrobank is a visionary and innovative force on the financial markets in this region, and we are pleased to enjoy their continued trust when providing the solutions and services needed for their expansion in Romania.
