Orc, an electronic trading technology provider, has integrated its platforms with Borsa İstanbul, achieving certified connectivity to the exchange, according to an Orc statement.
The impetus behind the Orc’s connectivity to Borsa İstanbul is its wide latitude of focus and scope afforded by the Turkish exchange. The new high-speed utility will help enable streamlined quoting and trading on Borsa İstanbul for all Orc clients – this will be accomplished by using either the Execution Bricks or the Orc Trading Bricks platforms.
In particular, Orc’s Execution Bricks platform helps merge global market access to approximately 150 exchanges, brokers, and alternative liquidity pools. Alternatively, Orc’s Trading Bricks platform was designed to be the group’s customizable trading platform with low latency. With a gateway into Turkey’s market via Borsa İstanbul, Orc clients will gain access to another region using two familiar outlets.
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According to Jonas Hansbo, Chief Strategy Officer, Orc Group, in a recent statement on the integration, “Turkey is becoming an increasingly attractive market, with a steady rise in trading activity and demand from the region. We are delighted to offer all Orc clients high-performance connectivity to Borsa İstanbul and to have our first Turkish users of Orc’s next-generation trading platform active on Borsa İstanbul.”
“We are pleased to see Orc, a distinguished software vendor offering enhanced connectivity to Borsa İstanbul. Orc is highly regarded for their sophisticated trading and electronic execution solutions, and we strongly believe that their development efforts help make Borsa İstanbul an even more attractive trading venue,” added Muammer Çakır, Head of Derivatives Market-VIOP, Borsa İstanbul in an accompanying statement.
Back in June, Chinese investment management firm, Shanghai ShenYi Investment Company, adopted Orc’s Trading Bricks electronic trading platform, after seeking to improve its exchange-traded fund (ETF) option trading performance and capitalize on growth opportunities in international markets.