UBS Securities (UBS) has extended its broad usage of Orc’s Electronic Execution solution to facilitate DMA on the Australian Stock Exchange (ASX) and the Chicago Mercantile Exchange (CME).
Using the extended solution, UBS leverages Orc’s low-latency market access and a new version of the integrated pre-trade risk management product, Orc Flow Control.
Since 2007, UBS has applied Orc solutions to deliver on their customers’ global DMA requirements. The expanded offering now provided by UBS can be used to serve customer trading originating from either Orc’s trading tools or any other trading system.
Orc Flow Control provides comprehensive multi-market pre-trade risk controls designed to meet common regulatory frameworks. From a single user interface, brokers can set up limits and monitor trading activity in real time for all participants across all markets. The new version includes limits based on theoretical values, allowing firms to control order flow based on various market scenarios.
“UBS is committed to providing clients with new options for their trading needs. Orc's Electronic Execution solution has allowed us to add ASX, and we plan to add the CME in the next phase,” says Anthony Cooper, APAC Head of ETD Electronic Sales, UBS. “We continually seek to identify enhanced solutions that adhere to a changing regulatory environment but ideally, at the same time, allow us to serve customers with different risk profiles and satisfy their needs.”
“Our continued partnership with UBS testifies to Orc’s successful transformation into a platform provider with an expanded solutions offering for global derivatives execution,” says Jesper Alfredsson, Chief Strategy Officer, Orc Group AB. “Our roadmap explains how we read the market and shows that we are continuously investing in our trading technology. Orc clients can focus on their core competences and take advantage of the full suite of Orc solutions to grow their business.”
“Our cooperation with UBS delivers enhanced market access and risk management solutions to our mutual clients,” says Greg Chambers, President APAC, Orc. “We appreciate working with UBS and the opportunity to provide efficient ways to scale their business into new markets. Their demands imply that we match the highest standards for trading performance, while ensuring we meet today’s DMA compliance and risk requirements.”