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

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 (SSE). Indeed, the firm intends to engage across multiple markets as new products launch.

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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”.

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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.

 

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