Regulatory News:
Orc, a global leader in derivatives trading technology, today announced
that UBS Securities (UBS) has extended its broad usage of Orc’s
Electronic Execution solution to facilitate DMA on the Australian Stock
Exchange (ASX) and the Chicago Mercantile Exchange (CME). Using the
extended solution, UBS leverages Orc’s low-latency market access and a
new version of the integrated pre-trade risk management product, Orc
Flow Control.
Since 2007, UBS has applied Orc solutions to deliver on their customers’
global DMA requirements. The expanded offering now provided by UBS can
be used to serve customer trading originating from either Orc’s trading
tools or any other trading system.
Orc Flow Control provides comprehensive multi-market pre-trade risk
controls designed to meet common regulatory frameworks. From a single
user interface, brokers can set up limits and monitor trading activity
in real time for all participants across all markets. The new version
includes limits based on theoretical values, allowing firms to control
order flow based on various market scenarios.
“UBS is committed to providing clients with new options for their
trading needs. Orc's Electronic Execution solution has allowed us to add
ASX, and we plan to add the CME in the next phase,” said Anthony Cooper,
APAC Head of ETD Electronic Sales, UBS. “We continually seek to identify
enhanced solutions that adhere to a changing regulatory environment but
ideally, at the same time, allow us to serve customers with different
risk profiles and satisfy their needs.”
“Our continued partnership with UBS testifies to Orc’s successful
transformation into a platform provider with an expanded solutions
offering for global derivatives execution,” said Jesper Alfredsson,
Chief Strategy Officer, Orc Group AB. “Our roadmap explains how we read
the market and shows that we are continuously investing in our trading
technology. Orc clients can focus on their core competences and take
advantage of the full suite of Orc solutions to grow their business.”
“Our cooperation with UBS delivers enhanced market access and risk
management solutions to our mutual clients,” said Greg Chambers,
President APAC, Orc. “We appreciate working with UBS and the opportunity
to provide efficient ways to scale their business into new markets.
Their demands imply that we match the highest standards for trading
performance, while ensuring we meet today’s DMA compliance and risk
requirements.”
About Orc Orc is the global market leader in trading technology for
listed derivatives. Building on our commitment to long term partnerships
and technology innovation that delivers results, Orc serves the trading
and electronic execution needs of clients worldwide. Leading trading
firms, market makers, banks and brokers depend on Orc to provide robust
solutions that deliver concrete value, ensuring that they achieve their
business goals in the world’s increasingly dynamic and competitive
markets. With nearly 200 customer sites in more than 30 countries,
access to over 150 trading venues and offices in each of the world’s key
financial centers, we offer true global capabilities.
Combining our technology and financial industry expertise, including a
solid understanding of regulatory issues, Orc also provides expert
advice and services that help reduce complexity and cost, while enabling
clients to stay focused on value creation in their core businesses.
Orc is owned by Orc Group Holding AB which in turn is majority-owned by
Nordic Capital Fund VII.
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Copyright Business Wire 2015