Orc (STO:ORC), the global market leader in electronic trading technology
for listed derivatives, today announced certified connectivity to Borsa
İstanbul. This new high-speed interface enables quoting and trading on
Borsa İstanbul for all Orc clients using the Execution Bricks or the Orc
Trading Bricks platforms. Since its formation in 2013, Borsa İstanbul
brings together all the exchanges operating in the Turkish capital
markets under one roof.
“Turkey is becoming an increasingly attractive market, with a steady
rise in trading activity and demand from the region,” said Jonas Hansbo,
Chief Strategy Officer, Orc Group. “We are delighted to offer all Orc
clients high-performance connectivity to Borsa İstanbul and to have our
first Turkish users of Orc’s next-generation trading platform active on
Borsa İstanbul.”
Orc’s Execution Bricks platform combines global market access to over
150 exchanges, brokers and alternative liquidity pools with the
execution tools needed to manage, control and execute high volume,
latency sensitive customer order flow. By consolidating market access to
Orc, clients gain access to global markets efficiently while extending
the reach of their trading infrastructure. Orc’s pre-trade risk
capabilities enable firms to stay compliant and in control without
sacrificing latency or functionality.
“We are pleased to see Orc, a distinguished software vendor offering
enhanced connectivity to Borsa İstanbul,” said Muammer Çakır, Head of
Derivatives Market-VIOP, Borsa İstanbul. “Orc is highly regarded for
their sophisticated trading and electronic execution solutions, and we
strongly believe that their development efforts help make Borsa İstanbul
an even more attractive trading venue.”
Orc’s Trading Bricks platform was designed from the ground up to be
fast, and is also built for change. With an app-based, modular
architecture, Trading Bricks provides an easily extendable and fully
customizable trading platform which is inherently low latency. Orc is a
pioneer in trading automation and Trading Bricks facilitates any
initiative to deploy new ideas and taking proven, profitable trading
strategies to new markets.
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
About Borsa İstanbul Borsa İstanbul, with historical roots going back to
1873, is the sole provider in Turkey of trading, settlement, custody and
registry services for a wide range of products such as equities, debt
securities, repo, sukuk, warrants, options, futures, certificates, and
exchange traded funds (ETFs).
Following the successful completion of horizontal integration (via the
acquisition of the derivatives and gold exchanges), and of vertical
integration (via control of the two domestic post trade firms), Borsa
İstanbul demutualized in 2012.
Through its markets, Borsa İstanbul offers corporates, investors and
traders in the region a broad range of financial products suited to
their needs, and efficient access to extensive capital markets. Post
trade and depository services are offered by its majority-owned
subsidiaries of Takasbank (Istanbul Settlement and Custody Bank) and MKK
(The Central Securities Depository). Borsa İstanbul calculates 360
indices that measure and benchmark equity and fixed income markets in
Turkey.
Borsa İstanbul is a shareholder in Sarajevo, Baku, Kyrgyz Republic, and
Montenegro Stock Exchanges, as well as LCH. Clearnet.
For further information, please visit Borsa İstanbul at http://www.borsaistanbul.com/
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