Orc provides connectivity to Indian Exchanges
First Published 10th May 2012
Orc connects to Bombay Stock Exchange and National Stock Exchange of India
Greg Chambers, President Asia Pacific, Orc
"Establishing connectivity to the BSE and NSE reflects Orc's continued commitment to expand in the Asia Pacific region."
Orc has announced new market gateways to the Bombay Stock Exchange (BSE) and National Stock Exchange of India Ltd. (NSE).
Orc's trading technology is now available to assist firms, without an Indian presence or membership on the exchanges to gain access and start trading via brokers who can offer Orc´s sponsored access to them.
"Orc was the obvious choice for our trading solutions when we registered for the market making program with the BSE," comments, Rajesh Baheti, Managing Director, Crosseas Capital Services Pvt. Ltd., a joint client of Orc and E2E Infotech (E2E). "In addition to the speed, Orc's trading front end offers the rich functionality that our business needs for making markets on listed derivatives."
"Establishing connectivity to the BSE and NSE reflects Orc's continued commitment to expand in the Asia Pacific region," says Greg Chambers, President Asia Pacific, Orc. "We recognize the efforts made by the Indian exchanges to enhance liquidity in their listed derivatives products and to make their exchanges internationally available, and we are excited to play our part in this process. Orc's offering provides our clients with the ability to trade both cash and listed derivatives on both exchanges simultaneously."
Orc has also strengthened its relationship with E2E Infotech (E2E), a subsidiary of India-based AurionPro Solutions, and a global integration and services partner of Orc since 2001. Together the companies have established a local sales and support channel to service the fast-growing domestic customer base and to assist international firms, facilitating their access to the Indian markets. Orc and E2E will focus on delivering solutions to advanced options traders, arbitrageurs and market makers.
"Orc is a leading global provider of sophisticated trading technology. We are really pleased to continue working closely with Orc, and to provide solutions and services required by our clients in India," says Maneesh Mehra, Chief Operating Officer, E2E Infotech, Capital Market Software unit of AurionPro Solutions. "E2E has maintained a successful and strategic global partnership with Orc since 2001. We believe with our local expertise and deep understanding of Orc's products that we can contribute to Orc's expansion in the Indian derivatives trading space as well as the general development of the market from a technology perspective."