Nordea to offer FX execution on Orc Software's ExNet

Source: Orc Software

Orc Software (SSE: ORC), the leading global provider of technology for advanced trading, market making and brokerage, today announced Nordea, the foremost financial services group in the Nordic and Baltic Sea region, will offer FX execution on the Orc ExNet to ExNet participants, commencing Q1.

Nordea will use CameronFIX to establish FIX connectivity including executable streaming rates to customers via ExNet as well as other ECN's, multiportals, treasury systems and market places.

Orc ExNet provides fund managers with non-membership access to all major liquidity pools, including official exchanges and ECNs. CameronFIX is the globally proven FIX connectivity solution used by the leading financial institutions.

"We are pleased to work with Orc Software to broaden our execution services towards ExNet participants," said Kenneth Steengaard, Head of Nordea e-Markets. "In an increasingly fragmented FX market it is important for Nordea to connect to a variety of execution venues and we look forward to growing our business through this partnership. We have chosen CameronFIX due to its market leading position and we are confident that CameronFIX will provide us with the operational stability and the scalability we are looking for."

"Orc Software is pleased to be working alongside Nordea to provide leading edge trading enhancements to help grow their business," says Joackim Lantz, Managing Director Sales Nordic, Orc Software. "Today's announcement further demonstrates Orc's market leading technology and its ability to deliver trading enhancements that place customers, such as Nordea, in a number one market position."

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