Shanghai, Hong Kong, Sydney and Japan – Wednesday, July 8, 2015 – Orc, the global market leader in electronic trading technology for listed derivatives, today announced that Orient Securities Co. Ltd. (Orient Securities), one of the largest securities firms in China, has selected Orc’s Trading Bricks platform for their options market making operations on Shanghai Stock Exchange (SSE). With the signed agreement, Orc and Orient Securities will be able to take advantage of the opportunity in China’s financial market development.
The implemented solution will support Orient Securities’ expanding market making operations in China. The firm intends to engage across multiple markets as new products launch. The market making tools provided as part of Orc’s Trading Bricks platform leverages 25 years of experience in building and deploying leading-edge market making technology, empowering Orient Securities with robust technology that provides both high performance and unprecedented control.
“It is extremely important for us to expand our options market making business, and we have strong confidence in Orc’s Asia leading position and solid experience in the options market making space,” said Al Ling, General Manager of the Financial Derivatives Business Headquarter, Orient Securities. “We are impressed by the functionality and scalability of Orc’s market making system. By deploying Orc’s system, we expect to enhance our trade efficiency on options market making.”
Orc’s Trading Bricks platform has been designed from the ground up to be fast and flexible. The turnkey market making solution addresses the present and future challenges of making markets in listed derivatives. It features an ultra-low latency, server based trading engine for advanced quoting and hedging, and superior trading performance. Firms can manage low-latency quoting strategies across multiple markets from a single interface.
“We are really pleased to provide Orient Securities with our high performance trading system, which can further accelerate their options market making operation,” said Dennis Chen, VP Sales APAC, Orc Group. “Orient Securities’ choice is a great testimony of Orc as a leading advanced trading solution provider in China, and we look forward to establishing a long-term partnership with Orient Securities.”
Orc is the global market leader in electronic trading technology for listed derivatives. Successful trading desks of premier institutions rely on Orc to stay ahead in increasingly dynamic and competitive markets. We deliver unrivalled next-generation solutions for advanced trading, market access and electronic execution to leading trading firms, market makers, banks and brokers worldwide. With 200 customers in more than 30 countries, access to over 150 trading venues and offices in each of the world’s key financial centers, Orc offers true global capabilities.
Orc is owned by Orc Group Holding AB which in turn is majority-owned by Nordic Capital Fund VII.