As part of the agreement, signed in the firs quarter of 2011, Goldenberg Hehmeyer will also continue to work closely with Orc for developing and refining its tailored market making solution, based on the Orc Liquidator engine.
The solution provides the market access, which currently includes CME, EUREX, XETRA, MTA, LSE, NYSE ARCA, EURONEXT and SWX.
Goldenberg Hehmeyer chairman & CEO Ralph Goldenberg said entering a long term partnership with Orc, where the specific requirements provide input to technology development, will help the company remain ahead of competition in markets.
Orc Software president EMEA Lee Griggs said renewing and extending partnership with Goldenberg Hehmeyer is a strategically significant event for Orc.