Orc, the global market leader in electronic trading technology for listed derivatives, today announced certified connectivity to Borsa İstanbul. This new high-speed interface enables quoting and trading on Borsa İstanbul for all Orc clients using the Execution Bricks or the Orc Trading Bricks platforms. Since its formation in 2013, Borsa İstanbul brings together all the exchanges operating in the Turkish capital markets under one roof.
“Turkey is becoming an increasingly attractive market, with a steady rise in trading activity and demand from the region,” said Jonas Hansbo, Chief Strategy Officer, Orc Group. “We are delighted to offer all Orc clients high-performance connectivity to Borsa İstanbul and to have our first Turkish users of Orc’s next-generation trading platform active on Borsa İstanbul.”
Orc’s Execution Bricks platform combines global market access to over 150 exchanges, brokers and alternative liquidity pools with the execution tools needed to manage, control and execute high volume, latency sensitive customer order flow. By consolidating market access to Orc, clients gain access to global markets efficiently while extending the reach of their trading infrastructure. Orc’s pre-trade risk capabilities enable firms to stay compliant and in control without sacrificing latency or functionality.
“We are pleased to see Orc, a distinguished software vendor offering enhanced connectivity to Borsa İstanbul,” said Muammer Çakır, Head of Derivatives Market-VIOP, Borsa İstanbul. “Orc is highly regarded for their sophisticated trading and electronic execution solutions, and we strongly believe that their development efforts help make Borsa İstanbul an even more attractive trading venue.”
Orc’s Trading Bricks platform was designed from the ground up to be fast, and is also built for change. With an app-based, modular architecture, Trading Bricks provides an easily extendable and fully customizable trading platform which is inherently low latency. Orc is a pioneer in trading automation and Trading Bricks facilitates any initiative to deploy new ideas and taking proven, profitable trading strategies to new markets.