Yuanta Futures joins Orc’s ExNet to offer high-speed connectivity to the Taiwan Futures Exchange
For Immediate Release: Hong Kong, Sydney and Tokyo, Friday July 15, 2011 – Orc Group AB (SSE: ORC), a leading provider of technology and services for the global financial industry, today announced that Yuanta Futures (Yuanta) has joined Orc ExNet Broker Network (Orc ExNet) to provide low-latency market access to the Taiwan Futures Exchange. The order was booked in Q2, 2011, and the contract is based on Orc’s licensing subscription model.
Clients of both Orc and Yuanta will be able to take advantage of this partnership to capitalize on the market opportunities in Taiwan. Orc’s solutions allow Yuanta clients to trade on Taifex through Yuanta Futures’ General Clearing membership.
“We’re really pleased to work with Orc to provide a high performance connectivity solution for non-exchange members to access the Taifex market,” says Joyce Sung, Senior Vice President, Yuanta Futures. “Orc’s offering broadens our reach to both regional trading participants and global traders who want to capture the unique trading opportunities in Taiwan. The benefits brought by Orc’s world-class technology into our brokerage business are clear, and it is strategically important for us to partner with Orc to further strengthen our leadership in Taiwan.”
"We are proud to work with the team at Yuanta for the successful deployment of our ultra-fast market access to the Taiwanese markets, thereby further enhancing their existing service offering. Yuanta’s choice is a solid endorsement for Orc as a leading provider of advanced trading solutions in Asia,” comments Dennis Chen, Vice President Sales, APAC, Orc.
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 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
About Yuanta Futures
Yuanta Futures Co., Ltd. provides futures and related financial derivatives trading services. The company facilitates trading through its various electronic trading platforms. It also provides futures related consulting services to educate investors on futures market analysis and investment strategies. The company, after a merger with Polaris Futures, will be the biggest futures broker in Taiwan.
For further information, please contact:
Dennis Chen, Vice President Sales, APAC, Orc, Tel: +852-2167-1955, dennis.chen@orc-group.com
Agnes Wong, Senior Marketing Manager, APAC, Orc Group, Tel: +852-2167-1986, agnes.wong@orc-group.com
Joyce Sung, Senior Vice President, Yuanta Futures, Tel: +886-2-2546-7016, joycesung@yuanta.com
Craig Chen, Assistant Vice President, Yuanta Futures, Tel: +886-2-2546-5932, craigchen@yuanta.com
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