Orc: Shakeout Coming for DMA ISVs
FRONT PAGE: VENDOR UPDATE
LONDON—Nils Nilson, CEO of Orc Software, is predicting that the direct market access (DMA) independent software vendors (ISVs) serving the futures and options markets are headed for a consolidation in their niche.
Nilson made his remarks during an Orc-hosted roundtable discussion at International Derivatives Week in London. The panel, which also included Douglas Garistina, one of the founders of Sequoia Capital; Robin Cave, managing director of equity markets at Merrill Lynch; and Mike Cartier
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