“We are very pleased to welcome both Orc as a partner and their clients to enter the NLX market place,” said
Orc’s NLX gateway enables trading in a suite of European listed interest rate derivatives products across the yield curve. NLX brings together, for the first time, the short and long ends of the interest rate curve onto a single market for trading and clearing. This year, NLX plans to expand its product offering with interest rate options contracts.
“Extending Orc’s market reach to NLX is the result of immediate client demand, and also reflects our belief that NLX helps meet a significant demand for a robust market model in European interest rate derivatives,” said
About Orc Orc is the global market leader in trading technology for listed derivatives. Building on our commitment to long term partnerships and technology innovation that delivers results, Orc serves the trading and electronic execution needs of clients worldwide.
Leading trading firms, market makers, banks and brokers depend on Orc to provide robust solutions that deliver concrete value, ensuring that they achieve their business goals in the world's increasingly dynamic and competitive markets. With nearly 200 customer sites in more than 30 countries, access to over 150 trading venues and offices in each of the world’s key financial centers, we offer true global capabilities.
Combining our technology and financial industry expertise, including a solid understanding of regulatory issues, Orc also provides expert advice and services that help reduce complexity and cost, while enabling clients to stay focused on value creation in their core business.
Orc is owned by Orc Group Holding AB which in turn is owned mainly by Nordic Capital Fund VII.
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http://mb.cision.com/Main/853/9606572/259790.pdf Press release in PDF format
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