Yuanta Futures joins Orc ExNet

Source: Orc Group

Orc Group AB (SSE: ORC), a leading provider of technology and services for the global financial industry, today announced that Yuanta Futures (Yuanta) has joined Orc ExNet Broker Network (Orc ExNet) to provide low-latency market access to the Taiwan Futures Exchange.

The order was booked in Q2, 2011, and the contract is based on Orc's licensing subscription model.

Clients of both Orc and Yuanta will be able to take advantage of this partnership to capitalize on the market opportunities in Taiwan. Orc's solutions allow Yuanta clients to trade on Taifex through Yuanta Futures' General Clearing membership.

"We're really pleased to work with Orc to provide a high performance connectivity solution for non-exchange members to access the Taifex market," says Joyce Sung, Senior Vice President, Yuanta Futures. "Orc's offering broadens our reach to both regional trading participants and global traders who want to capture the unique trading opportunities in Taiwan. The benefits brought by Orc's world-class technology into our brokerage business are clear, and it is strategically important for us to partner with Orc to further strengthen our leadership in Taiwan."

"We are proud to work with the team at Yuanta for the successful deployment of our ultra-fast market access to the Taiwanese markets, thereby further enhancing their existing service offering. Yuanta's choice is a solid endorsement for Orc as a leading provider of advanced trading solutions in Asia," comments Dennis Chen, Vice President Sales, APAC, Orc.

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. 

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