UBS extends use of Orc’s Electronic Execution solution to expand DMA business
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.”
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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