Orc (STO:ORC), the global market leader in electronic trading technology
for listed derivatives, today announced two strategic recruitments:
Christer Wennerberg, who joins Orc from the SEB Group and Magnus Hedin,
most recently with Nasdaq. They are entering Orc’s newly established
market structure team with the key mission to adapt Orc’s platforms to
upcoming regulatory changes, and to launch a broader product and
services offering for supporting clients affected by new European market
regulations, including MiFID II/MiFIR. The new team will be headed by
Christer Wennerberg.
“The success we enjoy with the Orc Execution Bricks offering and the
market changes tied to the new regulatory landscape make a strong case
for accelerating our investment in technology for customer-driven
business,” said Jonas Hansbo, Chief Strategy Officer, Orc Group. “To
match future requirements for products and services in this area, we
have taken a strategic initiative to add functionality and expand Orc’s
offering. This also calls for strengthening our organization. Christer
and Magnus are key additions to our team, and they will be instrumental
in our efforts to be the leading trading technology provider, as well as
a trusted advisor.”
Christer Wennerberg was formerly CTO Equities Trading Technology with
SEB, where he headed the Electronic Trading Services Group responsible
for algorithmic trading, smart order routing, execution strategies and
market structure analysis. Christer has more than 25 years of experience
in the area of market structure, regulation and technology within the
equities market. Prior to SEB, he was Head of Fixed Income at OM
Stockholm Exchange and before that, Head of Systems Development Exchange
Systems at the Stockholm Stock Exchange.
“The implementation of MiFID II will lead to profound changes in
European financial markets, and their structure,” said Christer
Wennerberg. “For firms to stay competitive in the new regulatory
landscape, their application of trading technology will have an even
more critical function. Orc has the technology and the domain expertise
to guide clients through the coming period of change.”
Magnus Hedin, previously Head of Development Stockholm at Nasdaq, has
more than a decade of experience from software and services delivery in
the financial services sector. Prior to Nasdaq, he has held key
positions with SEB, including responsibility for advanced trading
strategies, best execution, and analysis of market structure.
"With the acquisition of Tbricks advanced technology, Orc has a unique
position to deliver unmatched solutions tailored for the challenges
presented by MiFID II,” said Magnus Hedin. “I am excited to be part of
this journey."
Orc will be hosting a series of events within EMEA focusing on European
market regulations, including preparing for the new MiFID II/MiFIR
regulations. To register your interest in attending, please email seminars@orc-group.com.
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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