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| November 8, 2012 03:11 AM EST | Reads: |
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Orc, a leading provider of technology and services for the global financial industry, announced today that it has enhanced its connectivity offering by providing access to the US execution services of ABN AMRO Clearing (AAC). Connecting to AAC’s infrastructure will provide traders with high-performance access to the US equity and derivatives markets.
Clearing and execution clients of AAC will be able to leverage Orc’s trading solutions to trade US markets including CME, CBOE, NASDAQ, NYSE, ISE, BATS, among others. AAC offers connectivity to over 45 markets around the world and Orc already offers connectivity to AAC in Asia and Europe through connections in Singapore and London. The additional U.S. connection will expand low latency opportunities and enable traders to explore various markets.
Marty Leamy, President, Americas at Orc, comments, “We are happy to see the Orc broker network grow with the addition of ABN AMRO Clearing here in the US. Fast and efficient execution service is important for our clients, and we’re happy to be able to offer them this through ABN AMRO Clearing.”
Reece Effeny, Director, Market Access Americas at ABN AMRO Clearing, commented, “We have created a state of the art multi exchange gateway with the aim of attracting both regional and international clients. This innovative low latency, fully risk managed service drives our Market Access offering from strength to strength. We are committed in providing our clients with first-rate connectivity solutions that in return delivers a cost-effective and highly reliable global reach. We are excited to offer this service along with Orc’s solution to our clients.”
The Orc Trading solutions are used by leading financial firms worldwide for market making, volatility trading and high frequency trading. Together with access to the major cash and derivatives markets and a network of brokers, this is truly an unmatched offering.
About Orc
Orc is a leading provider of technology and services for the global financial industry. Since 1987, Orc delivers trading and market access solutions used by proprietary trading and market making firms, investment banks, hedge funds and brokerage houses worldwide.
Orc develops and provides the tools needed for running profitable trading or brokerage businesses in today’s competitive and ever-changing markets.
With market presence in all major global financial centers, Orc provides sales and support services from its offices across EMEA, the Americas and the Asia-Pacific regions.
Orc is owned by Nordic Capital Fund VII.
www.orc-group.com (http://media.ne.cision.com/l/ivhmamoh/www.orc-group.com/)
About ABN AMRO Clearing
ABN AMRO Clearing, a world leading third-party independent clearer, has offered Market Access (MA) services from the day the first trading floors went electronic. Today’s services are extensive, ranging from access via Independent Software Vendors (ISV's) own trading applications to proximity and colocation hosting services for members and non-members alike.
Our global network covers the far corners of the world from Sydney to Tokyo, Singapore and Hong Kong, to Frankfurt, London, Amsterdam, Chicago and New York. ABN AMRO Clearing has an array of around 24 data centres worldwide, chosen for their proximity or colocation to important exchanges, and available for client/member hosting services.
ABN AMRO Clearing is a registered Application Service Provider (ASP) where necessary (or the equivalent) at many exchanges around the globe, and offers direct or indirect connectivity to around 45 of the worlds Equity and Derivative exchanges. Our strategy of freedom of choice with our MA services has allowed us to grow into one of the largest service providers in the world for Algo, Automated and proprietary and institutional traders.
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Published November 8, 2012 Reads 254
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