SYDNEY & HONG KONG & TOKYO--(BUSINESS WIRE)--Orc, the global market leader in electronic trading technology for listed derivatives, today announced an extension to its trading and electronic execution offering with market access to FEX Global Pty. Ltd. (FEX). This connectivity offering will enable exchange participants to trade on the new execution venue upon its expected launch in 2016.
FEX will offer futures and options products in the energy and commodity space. The new Orc gateway was developed in partnership with FEX and certified by the exchange during Q3, 2015. This extension of Orc’s native gateway offering is a clear indication of Orc’s commitment to continuous R&D investments.
“Orc’s new Orc FEX gateway gives derivatives trading firms in the Asia Pacific region the opportunity to trade on our energy and commodity markets from the expected launch in early 2016,” said Tom Price, CEO, FEX Global Pty. Ltd. “We are delighted to work with Orc, a recognized leader in the exchange traded derivatives space, knowing that their Trading Bricks platform meets the needs of our trading members and their clients. Orc’s FEX access clearly demonstrates their leadership in developing best-in-class electronic trading technology.”
“We are excited to have completed our connectivity to FEX and to be officially certified for customer use by the exchange,” said Greg Chambers, President APAC, Orc Group. “Orc’s commitment to the exchange traded derivatives space is unrivaled and we're looking forward to our global customer base being able to trade the FEX suite of environmental, commodity and energy derivatives products from day 1.”
Orc‘s trading and electronic execution solutions provide clients with the functionality, performance and reach needed in an increasingly competitive environment to scale their business into new markets via their own memberships or through a broker’s infrastructure.
About FEX Global
FEX Global has been granted an Australian Market License by the Minister under s795B of the Corporations Act (the Act), enabling it to offer energy, commodity and environmental derivative products.
FEX Global seeks to serve the risk management and trading needs of global customers, with particular emphasis on participants based in the Asia-Pacific region. FEX Global will provide and operate a broad range of energy, commodity and environmental futures and options products.
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.
For further information, please contact:
FEX Global Contact
Peter Coyle, Head of Exchange Services, Tel: +61 2 8024 5200, email: email@example.com
Orc Group Contact
Greg Chambers, President APAC Orc, Tel: +852 2167 1950, email: firstname.lastname@example.org
Peter McPhee, VP Sales APAC, Orc, Tel: + +61 2 9240 2400, email: email@example.com
Agnes Wong, Senior Marketing Manager APAC, Orc, Tel: +852 2167 1986, email: firstname.lastname@example.org
This information was brought to you by Cision http://news.cision.com