Orc Chosen by Orient Securities to Boost Options Market Making in China
- While the rationale is to take advantage of China's financial market development, the past month has seen panic in the Chinese market.
Electronic trading technology company, Orc Group (Orc), has increased its footprint in the world’s second largest economy today with the announcement that Orient Securities (Orient) has decided to adopt its Trading Bricks platform.
Orient, one of the largest securities firms in China, has decided to go with Orc’s technology to support a wider strategy to boost its options market making operations on the Shanghai Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin (SSE). Indeed, the firm intends to engage across multiple markets as new products launch.
The technology allows firms to manage low-latency quoting strategies across multiple markets from a single interface.
Commenting on Orient’s decision, Al Ling, General Manager of the Financial Derivatives Business Headquarter, said: "It is extremely important for us to expand our options market making business, and we have strong confidence in Orc's Asia leading position and solid experience in the options market making space".
The news follows recent announcements that the Nordic-based Orc continues to expand its coverage in China. Indeed, just last week, Shanghai-based investment management firm, Shanghai ShenYi Investment Company, announced it would move onto the Trading Bricks platform.
"Orient Securities' choice is a great testimony of Orc as a leading advanced trading solution provider in China, and we look forward to establishing a long-term partnership”, said Dennis Chen, VP Sales APAC at Orc.
While the rationale for the partnership is to take advantage of the opportunity in China's financial market development, the past month has seen panic in the Chinese market. Indeed, as an over-priced market seeks to adjust, the Shanghai Composite Index has dropped over 30%, wiping out more than $3.5 trillion of the value of Chinese companies.
Before the crash, China was on a “Super Bull Run” as market capitalization tripled in just one year to $9.8 trillion.
Electronic trading technology company, Orc Group (Orc), has increased its footprint in the world’s second largest economy today with the announcement that Orient Securities (Orient) has decided to adopt its Trading Bricks platform.
Orient, one of the largest securities firms in China, has decided to go with Orc’s technology to support a wider strategy to boost its options market making operations on the Shanghai Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin (SSE). Indeed, the firm intends to engage across multiple markets as new products launch.
The technology allows firms to manage low-latency quoting strategies across multiple markets from a single interface.
Commenting on Orient’s decision, Al Ling, General Manager of the Financial Derivatives Business Headquarter, said: "It is extremely important for us to expand our options market making business, and we have strong confidence in Orc's Asia leading position and solid experience in the options market making space".
The news follows recent announcements that the Nordic-based Orc continues to expand its coverage in China. Indeed, just last week, Shanghai-based investment management firm, Shanghai ShenYi Investment Company, announced it would move onto the Trading Bricks platform.
"Orient Securities' choice is a great testimony of Orc as a leading advanced trading solution provider in China, and we look forward to establishing a long-term partnership”, said Dennis Chen, VP Sales APAC at Orc.
While the rationale for the partnership is to take advantage of the opportunity in China's financial market development, the past month has seen panic in the Chinese market. Indeed, as an over-priced market seeks to adjust, the Shanghai Composite Index has dropped over 30%, wiping out more than $3.5 trillion of the value of Chinese companies.
Before the crash, China was on a “Super Bull Run” as market capitalization tripled in just one year to $9.8 trillion.