Orc Expands Nasdaq Connectivity to Include New Energy Futures Exchange
(Thomson Reuters ONE) -
BOCA RATON, Fla., March 12, 2015 (GLOBE NEWSWIRE) -- Orc, a global leader in
trading technology, today announced they will expand coverage of Nasdaq markets
to include Nasdaq Futures Inc. (NFX), the exchange group's U.S.-based designated
contract market (DCM), on its first day of trading.
Through NFX, Nasdaq will expand its commodities business with futures and
options on key energy benchmarks including oil, natural gas and U.S. power,
which will launch in 2015. Market participants will be able to manage their
trading and hedging needs in a cost-efficient manner, using an innovative
horizontal clearing solution operated by The Options Clearing Corporation.
"We are dedicated to evolving our Execution Bricks offering and look forward to
providing sophisticated and powerful connectivity solutions to the exchange
traded derivatives space," said Martin Nilsson, Head of Product Management, Orc
Group. "We are always looking for new opportunities for our clients and are
happy to support Nasdaq's new endeavor for energy contracts."
Orc believes the key to staying competitive is robust low latency access to
trading venues, and provides fast, reliable market access to over 150 exchanges,
broker and alternative liquidity pools in the critical areas of execution,
market data and reference data.
"Our cooperation with key trading software vendors like Orc is instrumental to
our efforts to provide energy market participants across the world with
innovative trading tools," said Magnus Haglind, Chief Executive Officer of
Nasdaq Futures. "Orc offers highly efficient tools for the execution of trading
strategies, and our new suite of energy benchmark products will further enable
trading firms to invest in commodities in a more cost-efficient manner."
Nasdaq's Global Commodities business offers trading and clearing solutions for
various related assets including power, natural gas and carbon emission markets,
tanker and dry cargo freight, fuel oil, seafood derivatives, iron ore,
electricity certificates and clearing services. With market makers, liquidity
providers and competitive fees, Nasdaq provides a liquid, transparent and
efficient marketplace which appeals to all types of trading entities.
About Orc
Orc is the global market leader in trading technology for listed derivatives. We
serve the trading and electronic execution needs of premier institutions
worldwide, who rely on Orc to stay ahead in increasingly dynamic and competitive
markets. Building on our commitment to long term partnerships and technology
innovation that delivers results, our next-generation app-based trading platform
empowers professional traders and market makers.
With 200 customers in more than 30 countries, access to over 150 trading venues
and offices in each of the world's key financial centers, we offer true global
capabilities.
Combining our technology and financial industry expertise, including a solid
understanding of regulatory issues, Orc also provides expert advice and services
that help reduce complexity and cost, while enabling clients to stay focused on
value creation in their core businesses.
Orc is owned by Orc Group Holding AB which in turn is majority-owned mainly by
Nordic Capital Fund VII.
About Nasdaq:
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, clearing, exchange
technology, listing, information and public company services across six
continents. Through its diverse portfolio of solutions, Nasdaq enables customers
to plan, optimize and execute their business vision with confidence, using
proven technologies that provide transparency and insight for navigating today's
global capital markets. As the creator of the world's first electronic stock
market, its technology powers more than 70 marketplaces in 50 countries, and 1
in 10 of the world's securities transactions. Nasdaq is home to more than 3,500
listed companies with a market value of over $9.1 trillion and more than 10,000
corporate clients. To learn more, visit http://nasdaq.com/ambition or
http://business.nasdaq.com.
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made
under the Safe Harbor provisions of the Private Securities Litigation Reform Act
of 1995. These statements include, but are not limited to, statements about
Nasdaq and its products and offerings. We caution that these statements are not
guarantees of future performance. Actual results may differ materially from
those expressed or implied in the forward-looking statements. Forward-looking
statements involve a number of risks, uncertainties or other factors beyond
Nasdaq's control. These factors include, but are not limited to factors detailed
in Nasdaq's annual report on Form 10-K, and periodic reports filed with the U.S.
Securities and Exchange Commission. We undertake no obligation to release any
revisions to any forward-looking statements.
NDAQG
CONTACT: For further information, please contact:
Martin Nilsson
Head of Product Management, Orc Group
Tel. +46 8 506 478 17
email: martin.nilsson(at)orc-group.com
Jeremie Bacon
President Americas, Orc
Tel: +312 541 4500
email: jeremie.bacon(at)orc-group.com
Jessica Titlebaum
Marketing Director, Americas, Orc
Tel: +312 541 4181
email: jessica.titlebaum(at)orc-group.com
Robert Madden
Corporate Communications, Nasdaq
Tel. +347 740 0191
email: robert.madden(at)Nasdaq.com
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: The NASDAQ OMX Group, Inc. via GlobeNewswire
[HUG#1902988]
Unternehmensinformation / Kurzprofil:
Datum: 12.03.2015 - 17:18 Uhr
Sprache: Deutsch
News-ID 378199
Anzahl Zeichen: 6762
contact information:
Town:
New York
Kategorie:
Business News
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"Orc Expands Nasdaq Connectivity to Include New Energy Futures Exchange"
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