A direct communications link between Chicago (pictured) and Newedge Asia’s Hong Kong-based trading data centre has been established by
A direct communications link between Chicago (pictured) and Newedge Asia’s Hong Kong-based trading data centre has been established by Orc Software, the leading trading software and technology services provider. With its ability to offer low-latency and high frequency trading capabilities, Orc will facilitate those in the US wanting to trade the Asian markets through a direct communications link with Newedge – Asia’s leading high frequency trading platform. Trading capability will be based on having membership with Newedge. Management of the trading infrastructure via Orc Hosted will also enable traders to focus purely on their trading strategies. This is welcome news for US high frequency traders looking for new markets to tap into, despite reservations some have within the industry that such lightning fast activity causes wild price fluctuations. Well-developed markets like Hong Kong and South Korea are likely to be in high demand going forward. Commenting on opening up these markets, Orc Software’s Americas President Marty Leamy commented: “Orc’s low-latency trading engine combined with Newedge’s fast, seamless market access will give traders a powerful and easily-deployed solution to capture these new opportunities.” Newedge’s Mike Gilbert said that working with Orc to deliver a direct connection between the US and Asia’s growing markets was a “win-win for us” and would give traders an “unparalleled solution for trading the Asian markets”.