Source: Orc Software
Orc Software (SSE: ORC), the leading global provider of technology and services for advanced trading in financial instruments, today announced that Knight Direct has joined the Orc ExNet broker connectivity network to offer algorithmic execution services and market access to clients. The order involved in the Orc-Knight partnership was booked in Q1, 2010, and the contract is based on Orc's licensing subscription model.
The partnership allows Orc users to trade securities directly using Knight Direct and provides access to Knight Direct's extensive set of execution algorithms. Users of Orc's trading solutions will be able to trade futures, options, and cash equity instruments using Knight Direct on the global equity markets supported by Knight.
"By joining Orc ExNet, Knight Direct is able to offer its suite of award-winning execution algorithms and global market access to an even wider community of traders." said Bradley Duke, Managing Director at Knight Capital Europe Limited. "Orc ExNet has a strong reputation for high performance and we look forward to providing clients on the network with Knight Direct's full range of intelligent and dynamic algorithms as well as access to Knight's unique liquidity."
"The addition of Knight Direct to Orc ExNet provides our customers with attractive new trading options for several markets, including excellent coverage of the US and emerging global markets," said Jon Freebody, VP Sales, UK and France, Orc Software. "Knight Direct's extensive set of execution algorithms will also become a key resource for our users, combined with Orc ExNet's market leading connectivity and services."