Orc, a provider of electronic trading technology for listed derivatives, has expanded the capabilities of its trading and electronic execution offering suite with market access to FEX Global Pty. Ltd. (FEX), according to an Orc statement.
The new connectivity offering between Orc and FEX is slated to launch in 2016. As a result, FEX will be offering both futures and options products across the energy and commodity realm to its existing clientele. In particular, Orc’s new gateway was developed in tandem with FEX and recently certified by the exchange during Q3, 2015.
According to Tom Price, CEO, FEX Global Pty. Ltd., in a recent statement on the upcoming offering: “Orc’s new Orc FEX gateway gives derivatives trading firms in the Asia Pacific region the opportunity to trade on our energy and commodity markets from the expected launch in early 2016. We are delighted to work with Orc, a recognized leader in the exchange traded derivatives space, knowing that their Trading Bricks platform meets the needs of our trading members and their clients. Orc’s FEX access clearly demonstrates their leadership in developing best-in-class electronic trading technology.”
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“We are excited to have completed our connectivity to FEX and to be officially certified for customer use by the exchange. Orc’s commitment to the exchange traded derivatives space is unrivaled and we’re looking forward to our global customer base being able to trade the FEX suite of environmental, commodity and energy derivatives products from day 1,” added Greg Chambers, President APAC, Orc Group in an accompanying statement.
FEX Global offers a variety of structured products across energy, commodities, and environmental derivatives. The group caters primarily to clients in the Asia-Pacific (APAC) region.
Last month, Orc made headlines after it strengthened its growth in the Americas region, appointing Jesper Alfredsson as its newest President of Orc Americas and Oscar Jönsson as Vice President Sales, Orc Americas.