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UBS Securities has extended its broad usage of derivatives technology vendor Orc’s Electronic Execution solution to facilitate direct market access to the Australian Stock Exchange (ASX) and the Chicago Mercantile Exchange (CME), officials say.
The UBS group has used Orc solutions to deliver on their customer’s DMA requirements since 2007, according to UBS and vendor officials.
In addition, Orc will provide Flow Control features for multi-market, pre-trade risk controls designed to meet common regulatory frameworks, according to the Orc statement. Brokers are able to set up limits and monitor trading activity in real time for all participants across all markets, from a single user interface, vendor officials say.
“UBS is committed to providing clients with new options for their trading needs,” says Anthony Cooper, APAC head of ETD electronic sales at UBS, in a statement. “We plan to add the CME in the next phase.”
Orc offers trading technology solutions to trading firms, market makers, banks and brokers working in the listed derivatives markets. Orc is owned by Orc Group Holding AB, which in turn is majority-owned by Nordic Capital Fund VII, officials say.
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