HONG KONG & SYDNEY & TOKYO--(BUSINESS WIRE)--Orc, a leading provider of technology and services for the global financial industry, today announced that UBS Securities (UBS) has extended its usage of the Orc Access solutions to meet increasing global demand for high-performance and robust access on APAC exchanges.
Since 2007, UBS has facilitated its customer’s DMA requirements in Asia via Orc Trading solutions and recently renewed and extended the scope of its existing Orc infrastructure to provide a comprehensive execution service across Asia via both low-latency native and FIX DMA access.
In addition to offering local trading firms sponsored access to Asian markets, UBS clients can now take advantage of Orc’s low-latency infrastructure to trade on CME and Eurex via APAC hubs. This extended offering means Orc users in Asia will be able to trade exchanges natively in US and Europe without the need for exchange memberships.
“Orc is committed to evolving its trading and market access technology. Our sophisticated and powerful trading and connectivity solutions coupled with the market coverage and multi-asset execution expertise of UBS makes this a compelling offering to the trading community,” said Peter McPhee, Vice President, Sales APAC, Orc.
“Via UBS Quant HQ our clients can now not only access key APAC exchanges but also expand their reach to the CME and Eurex,” added Mr. McPhee.
"UBS is committed to providing client solutions in the APAC region. As the Quant HQ business grows, these platforms allow us to meet client demands across a variety of markets and asset classes,” said Steve Hammerton, Head of Quant HQ APAC, UBS.
The Orc Access solutions allow brokers to offer buy-side firms access to liquidity pools including exchanges and ECNs, without the need for exchange membership. Connecting to the Orc ExNet Private IP (PIP) Network gives trading firms the ability to send and receive orders from more than 150 Orc sites.
The Orc Trading solutions are used by leading financial firms worldwide for market making, volatility trading and high frequency trading. Together with access to the major cash and derivatives markets and a network of brokers, this is truly an unmatched offering.
Orc is next exhibiting at the 19th ASSIOM FOREX Congress in Italy, February 08, 2013.
About Orc
Orc is a leading provider of technology and services for the global financial industry. Since 1987, Orc delivers trading and market access solutions used by proprietary trading and market making firms, investment banks, hedge funds and brokerage houses worldwide.
Orc develops and provides the tools needed for running profitable trading or brokerage businesses in today’s competitive and ever-changing markets.
With market presence in all major global financial centers, Orc provides sales and support services from its offices across EMEA, the Americas and the Asia-Pacific regions.
Orc is owned by Nordic Capital Fund VII.
www.orc-group.com
Contacts
Orc
Greg Chambers, +852-2167-1950
President APAC
greg.chambers@orc-group.com
Agnes Wong, +852-2167-1986
Senior Marketing Manager, APAC
agnes.wong@orc-group.com
Greg Chambers, +852-2167-1950
President APAC
greg.chambers@orc-group.com
Agnes Wong, +852-2167-1986
Senior Marketing Manager, APAC
agnes.wong@orc-group.com