From the Wires
Orc Group AB: Jih Sun Futures deploys Orc’s low-latency sponsored access solution in Taiwan
By: Business Wire
Nov. 13, 2012 02:11 AM
Orc, (STO:ORC) a leading provider of technology and services for the global financial industry, today announced that Jih Sun Futures Co., Ltd. (Jih Sun Futures) has selected Orc to meet the growing market demand for high-speed connectivity to Taiwan Futures Exchange (Taifex).
Jih Sun Futures is the brokerage arm of Taiwan-based Jih Sun Financial Holdings Co. Ltd. Through its subsidiaries, Jih Sun provides securities brokerage and trading, banking and underwriting services.
As a result of the agreement signed by the companies, customers of both Orc and Jih Sun Futures will be able to capitalize on the market opportunities in Taiwan. Orc solutions allow buy-side customers to trade derivatives on Taifex using Jih Sun Futures’ membership.
“Jih Sun Futures aims to offer superior brokerage services to our clients. Orc’s leadership and experience in Taiwan are keys to our selection of the Orc Trading system,” said Jesse Tsai, Institutional Department Vice President, Jih Sun Futures Co. Ltd. “We are also impressed with the performance and scalability of Orc’s technology and look forward to strengthening our futures and options capacity by deploying this.”
“We are pleased to supply Jih Sun Futures with our high performance trading system that further accelerates their brokerage business,” said Dennis Chen, Vice President, Sales APAC, Orc. “Jih Sun Future’s choice is a solid endorsement of Orc as a leading provider of advanced trading solutions in Taiwan, and we look forward to developing a long-term relationship with Jih Sun Futures.”
Orc’s sponsored access solutions offer buy-side users access to liquidity pools including exchanges and ECNs, without the need for exchange membership. Connecting to the Orc ExNet Private IP (PIP) Network gives trading firms the ability to send and receive orders from more than 150 Orc sites.
Orc is next exhibiting at FIA Asia Derivatives Conference in Singapore, November 28-29, 2012.
Orc is a leading provider of technology and services for the global financial industry. Since 1987, Orc delivers trading and market access solutions used by proprietary trading and market making firms, investment banks, hedge funds and brokerage houses worldwide.
Orc develops and provides the tools needed for running profitable trading or brokerage businesses in today’s competitive and ever-changing markets.
With market presence in all major global financial centers, Orc provides sales and support services from its offices across EMEA, the Americas and the Asia-Pacific regions.
Orc is owned by Nordic Capital Fund VII. www.orc-group.com
This information was brought to you by Cision http://www.cisionwire.com
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