Orc (STO:ORC), a global leader in trading technology, today announced
that Levante Capital has selected Orc for connectivity to Nasdaq
Futures, Inc. (NFX), a derivatives exchange for energy and power
contracts.
Levante Capital is a proprietary trading group active in energy
derivatives, including crude oil and natural gas. Leveraging Orc’s
Trading Bricks solution for market making, Levante is expanding their
Orc connectivity to realize new opportunities on NFX. Levante will
specifically trade the WTI Crude Oil and Natural Gas options markets.
“Orc is the best and most efficient solution for trading in the energy
markets,” said George Clayton, member at Levante Capital. “Orc’s Trading
Bricks solution provides us with the tools necessary to keep our
competitive edge and adapt to market changes.”
NFX is a US-based Designated Contract Market (DCM), launched in July
2015 to help market participants manage their trading and hedging needs
in a cost-efficient manner. The exchange currently offers futures and
options contracts on oil, natural gas and US power benchmarks. All
products are cleared through an innovative horizontal clearing solution
operated by The Options Clearing Corporation (OCC).
“We are dedicated to work with leading vendors such as Orc Group to
enable easy access to Nasdaq Futures for trading firms through powerful,
innovative trading tools,” said Magnus Haglind, Head of US Commodities,
Nasdaq. “It’s important for us to deliver quality, value and
efficiencies to our customers at a significantly lower cost than the
competition.”
Orc’s Trading Bricks offering is built to perform with fast, scalable
and predictable results under challenging, real world market conditions.
The platform is architected for high performance, while enabling
extensive customization and systems integration. Levante will also
benefit from Orc’s unrivaled trading destination offering, allowing the
firm straightforward scaling of trading ideas across global markets.
“Orc has been committed to developing market making tools for two
decades, and we are dedicated to providing the most flexible and
efficient trading technologies,” said Jesper Alfredsson, President Orc
Americas. “Supporting Levante Capital in their initiatives on Nasdaq
Futures is a great example for how we contribute to the success of our
clients by providing access to new markets and emerging opportunities.”
Orc and Nasdaq are co-hosting an event in Houston on Wednesday, October
7 to discuss their partnership and energy market offering. If you are
interested in attending the event or learning more, please contact the
below for more information.
About Orc
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.
www.orc-group.com
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Copyright Business Wire 2015
Source: Business Wire
(October 6, 2015 - 3:18 AM EDT)
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