Samsung Securities joins Orc’s ExNet to provide low-latency access to Korean markets
For immediate release: Hong Kong, Sydney and Tokyo – Monday, August 15, 2011 – Orc Group AB (SSE: ORC), a leading provider of technology and services for the global financial industry, today announced that Samsung Securities has joined the Orc ExNet broker connectivity network (Orc’s ExNet network) to meet the growing market demand for high performance connectivity to the Korea Exchange. The order was booked in Q2, 2011, and the contract is based on Orc’s licensing subscription model.
Samsung Securities is a leading Korea-based financial service provider specialized in the securities and investment banking sectors. Apart from retail brokerage and wealth management services for individual investors, the firm also offers institutional brokerage, investment banking and capital markets services for domestic and global public and private enterprises.
The Orc-Samsung Securities partnership facilitates mutual customers’ trading needs on the Korea Exchange. Orc’s solutions allow Samsung clients to trade Kospi 200 futures and options on the exchange via Samsung Securities’ membership.
“By joining Orc’s ExNet network, Samsung Securities will now be able to facilitate access to the Korean markets to an even wider community of global trading firms,” said K Y Cho, Head of Sales, Samsung Securities. “Orc’s reputation for high performance, reliable connectivity and extensive reach is well known throughout Asia and we are excited to offer this powerful addition to our connectivity offering.”
“The addition of Samsung Securities to Orc’s ExNet network provides our clients with a convenient way to access the ultra speed-sensitive Korean market,” comments Peter McPhee, VP Sales, APAC, Orc. “Orc’s growing buy-side client base demands robust connectivity solutions to meet their high-frequency trading requirements, and our offering provides firms with an efficient way to scale their business into new markets without the need to establish exchange memberships.”
Orc’s sponsored access solutions offer buy-side users access to liquidity pools including exchanges and ECNs, without the need for exchange membership. Connecting to the Orc ExNet Private IP (PIP) Network gives trading firms the ability to send and receive orders from more than 150 Orc sites.
About Orc Group revenue model
Standard agreements follow Orc’s licensing subscription model, a flexible approach designed to streamline the customer on boarding process and provide ease of access to software updates, together with a mature support framework. Customers are invoiced quarterly, in advance, and revenue allocated to the invoicing period.
About Samsung Securities
Samsung Securities is a leading Korea-based financial service provider specialized in the securities and investment banking sectors. Apart from retail brokerage and wealth management services for individual investors, the firm also offers institutional brokerage, investment banking and capital markets services for domestic and global public and private enterprises.
About Orc
Orc is a leading provider of technology and services for the global financial industry. Orc delivers trading and market access solutions used by proprietary trading and market making firms, investment banks, hedge funds and brokerage houses worldwide.
Available as deployed software or as managed services, Orc develops and provides the tools needed for running profitable trading or brokerage businesses in today’s competitive and ever-changing markets.
With market presence in all major global financial centers, Orc provides sales and support services from its offices across EMEA, the Americas and the Asia-Pacific regions.
Orc Group AB is publicly traded on NASDAQ OMX Stockholm (SSE: ORC).
www.orc-group.com
For further information, please contact:
Peter McPhee, Vice President Sales, APAC, Orc, Tel: +61-2-9240-2499, email: peter.mcphee@orc-group.com
Agnes Wong, Senior Marketing Manager, APAC, Orc Group, Tel: +852-2167-1986, email: agnes.wong@orc-group.com
K Y Cho, Head of Derivatives Sales and E-Trading, Samsung Securities, Tel: +822-2020-7403, email: Kycho75@samsung.com
Richard Bu, Salesperson, Samsung Securities, Tel: +822-2020-7404, email: Jaehoon.bu@samsung.com
Ken Woo, Salesperson, Samsung Securities, Tel: +822-2020-7491, email: ken.woo@samsung.com
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