Wall Street & Technology is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Trading Technology

09:53 AM
Connect Directly

Cognitive Capital Deploys Orc Software to Support HIgh Frequency Trading

Proprietary trading firm utilizes Orc for FIX connectivity and risk management

Cognitive Capital, a Chicago-based proprietary trading firm, has deployed Orc CameronFIX for low-latency market connectivity as well as Orc Trading for Risk Management, according to today's company issued release.

Cognitive Capital is using Orc CameronFIX to support their low latency, high frequency trading strategies by providing high performance FIX connectivity between their algorithmic trading systems and various equities markets including Nasdaq and NYSE Arca equities. The firm demanded a solution that was robust scalable and could handle a large trading volume today and grow with future business needs, according to the release.

Cognitive Capital will also use Orc Trading to support their trading with position management information.

"Low latency and high performance are critical aspects of our business. Orc CameronFIX has provide to be a solution with excellent performance that will help us continue to grow our business," stated Aaron Scamehorn, CTO for Cognitive Capital.

The order was booked in Q2 2009 and the contract is based on Orc's licensing subscription model.

"Firms, like Cognitive Capital, with these types of high performance trading requirements are our 'sweet spot,' and we are happy to have them on board as a client," according to

Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio

Register for Wall Street & Technology Newsletters
Exclusive: Inside the GETCO Execution Services Trading Floor
Exclusive: Inside the GETCO Execution Services Trading Floor
Advanced Trading takes you on an exclusive tour of the New York trading floor of GETCO Execution Services, the solutions arm of GETCO.