Orc, a global leader in trading technology, today announced that Levante Capital has selected Orc for connectivity to Nasdaq Futures, Inc. (NFX), a derivatives exchange for energy and power contracts.

Levante Capital is a proprietary trading group active in energy derivatives, including crude oil and natural gas. Leveraging Orc’s Trading Bricks solution for market making, Levante is expanding their Orc connectivity to realize new opportunities on NFX. Levante will specifically trade the WTI Crude Oil and Natural Gas options markets.

“Orc is the best and most efficient solution for trading in the energy markets,” said George Clayton, member at Levante Capital. “Orc’s Trading Bricks solution provides us with the tools necessary to keep our competitive edge and adapt to market changes.”

NFX is a US-based Designated Contract Market (DCM), launched in July 2015 to help market participants manage their trading and hedging needs in a cost-efficient manner. The exchange currently offers futures and options contracts on oil, natural gas and US power benchmarks. All products are cleared through an innovative horizontal clearing solution operated by The Options Clearing Corporation (OCC).
 
“We are dedicated to work with leading vendors such as Orc Group to enable easy access to Nasdaq Futures for trading firms through powerful, innovative trading tools,” said Magnus Haglind, Head of US Commodities, Nasdaq. “It’s important for us to deliver quality, value and efficiencies to our customers at a significantly lower cost than the competition.”

Orc’s Trading Bricks offering is built to perform with fast, scalable and predictable results under challenging, real world market conditions. The platform is architected for high performance, while enabling extensive customization and systems integration. Levante will also benefit from Orc’s unrivaled trading destination offering, allowing the firm straightforward scaling of trading ideas across global markets.

“Orc has been committed to developing market making tools for two decades, and we are dedicated to providing the most flexible and efficient trading technologies,” said Jesper Alfredsson, President Orc Americas. “Supporting Levante Capital in their initiatives on Nasdaq Futures is a great example for how we contribute to the success of our clients by providing access to new markets and emerging opportunities.”

Orc and Nasdaq are co-hosting an event in Houston on Wednesday, October 7 to discuss their partnership and energy market offering. If you are interested in attending the event or learning more, please contact the below for more information.