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Orc connects to Aequitas Neo Exchange

First Published 30th March 2015

Orc provides new opportunities in Canadian markets by connecting to Aequitas NEO Exchange.

Martin Nilsson, Orc

Martin Nilsson, Orc

"We are excited to provide access to the NEO Exchange and to offer Orc clients new opportunities in the Canadian markets."

Chicago - Orc, a provider of trading technology, has announced expanded coverage of the Canadian markets to include the Aequitas NEO Exchange, a newly launched Canadian stock market. Orc clients can leverage connectivity for order routing and market data to the Aequitas Lit Book and NEO Book.

The NEO Exchange uses a new blueprint that puts investors, capital-raising companies and their dealers first. It launched its trading platform and data services earlier this month and is on track to launch a public listing platform by mid-2015. Its mandate is to use innovation and technology to bring more competition to the Canadian markets, for the benefit of all market participants. The NEO Exchange also aims to reduce the dealers' cost of doing business and ensure their financial interests are aligned with the best execution interests of their clients.

"By leveraging technology and market innovation, we are committed to providing all market participants with a level playing field and ensuring all investors feel they have a fair chance to participate," said Karl Ottywill, chief operating officer, Aequitas NEO Exchange. "We are pleased that Orc supports us in this new endeavor."

"We are excited to provide access to the NEO Exchange and to offer Orc clients new opportunities in the Canadian markets," said Martin Nilsson, head of product management, Orc Group. "Our sophisticated and powerful connectivity solution coupled with the expansive market coverage of the NEO Exchange is unparalleled and we are committed to evolving our Execution Bricks offering."

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