Orc adds connectivity to Asian-based FEX Global

Source: Orc

Orc, the global market leader in electronic trading technology for listed derivatives, today announced an extension to its trading and electronic execution offering with market access to FEX Global Pty. Ltd. (FEX).

This connectivity offering will enable exchange participants to trade on the new execution venue upon its expected launch in 2016.
FEX will offer futures and options products in the energy and commodity space. The new Orc gateway was developed in partnership with FEX and certified by the exchange during Q3, 2015. This extension of Orc’s native gateway offering is a clear indication of Orc’s commitment to continuous R&D investments.

“Orc’s new Orc FEX gateway gives derivatives trading firms in the Asia Pacific region the opportunity to trade on our energy and commodity markets from the expected launch in early 2016,” said Tom Price, CEO, FEX Global Pty. Ltd. “We are delighted to work with Orc, a recognized leader in the exchange traded derivatives space, knowing that their Trading Bricks platform meets the needs of our trading members and their clients. Orc’s FEX access clearly demonstrates their leadership in developing best-in-class electronic trading technology.”

“We are excited to have completed our connectivity to FEX and to be officially certified for customer use by the exchange,” said Greg Chambers, President APAC, Orc Group. “Orc’s commitment to the exchange traded derivatives space is unrivaled and we're looking forward to our global customer base being able to trade the FEX suite of environmental, commodity and energy derivatives products from day 1.”

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