Orc said it has announced an extension to its trading and electronic execution offering with market access to FEX Global Pty. Ltd.
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.
Orc´s trading and electronic execution solutions provide clients with the functionality, performance and reach needed in an increasingly competitive environment to scale their business into new markets via their own memberships or through a broker´s infrastructure.
FEX Global has been granted an Australian Market License by the Minister under s795B of the Corporations Act, enabling it to offer energy, commodity and environmental derivative products.
FEX Global seeks to serve the risk management and trading needs of global customers, with particular emphasis on participants based in the Asia-Pacific region. FEX Global will provide and operate a broad range of energy, commodity and environmental futures and options products.
Orc is a global market leader in electronic trading technology for listed derivatives. Orc is owned by Orc Group Holding AB which in turn is majority-owned by Nordic Capital Fund VII.