Orc Group: Risk management and execution tools for derivatives traders
Global investment in financial technology—also known as fintech—is booming.
In 2008, approximately $930 million was put into fintech companies, according to Accenture. By 2013, that figure had tripled to $2.97 billion. Fast forward one year to 2014 and experts put estimates for fintech investment anywhere between $6 billion and $18 billion.
Regardless of the exact figure, money pouring into fintech firms is leading to the creation of countless exciting and innovative technologies. In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry.
This week, we take a look at Orc Group AB.
Name: Orc Group AB
Locations: Offices in Chicago, New York, Toronto, London, Milan, Moscow, St. Petersburg, Tokyo, Sydney, Hong Kong with headquarters in Stockholm
Sector: Derivatives Trading, Risk Management and Electronic Execution
Pitch: For more than 25 years now, Orc has been providing trading tools, market connections and professional services to the global derivatives markets.
Year Formed: 1987
Number of Employees: 280 employees
Stage: In Revenue, profitable
Notable investors: Majority owned by Nordic Capital, one of Europe’s largest private equity funds
About: Orc is a company in transition, with the recent absorption of Tbricks, adding to our flexible and engineering driven derivatives trading offering.