Orc Group AB (STO:ORC)(SSE: ORC), a leading provider of technology and services for the global financial industry, today announced that Samsung Securities has joined the Orc ExNet broker connectivity network (Orc's ExNet network) to meet the growing market demand for high performance connectivity to the Korea Exchange.
The order was booked in Q2, 2011, and the contract is based on Orc's licensing subscription model.
Samsung Securities is a leading Korea-based financial service provider specialized in the securities and investment banking sectors. Apart from retail brokerage and wealth management services for individual investors, the firm also offers institutional brokerage, investment banking and capital markets services for domestic and global public and private enterprises.
The Orc-Samsung Securities partnership facilitates mutual customers' trading needs on the Korea Exchange. Orc's solutions allow Samsung clients to trade Kospi 200 futures and options on the exchange via Samsung Securities' membership.
"By joining Orc's ExNet network, Samsung Securities will now be able to facilitate access to the Korean markets to an even wider community of global trading firms," said K Y Cho, Head of Sales, Samsung Securities. "Orc's reputation for high performance, reliable connectivity and extensive reach is well known throughout Asia and we are excited to offer this powerful addition to our connectivity offering."
"The addition of Samsung Securities to Orc's ExNet network provides our clients with a convenient way to access the ultra speed-sensitive Korean market," comments Peter McPhee, VP Sales, APAC, Orc. "Orc's growing buy-side client base demands robust connectivity solutions to meet their high-frequency trading requirements, and our offering provides firms with an efficient way to scale their business into new markets without the need to establish exchange memberships."