Orc Group AB: National Bank Financial expands use of Orc technology to
provide opportunities in Canadian Markets
STOCKHOLM -- February 19, 2013
Chicago– Orc, a leading provider of technology and services for the global
financial industry, today announced that National Bank Financial (NBF) has
expanded their use of Orc technology to provide global market participants
with algorithmic execution and market access in the Canadian markets.
NBF will provide global customers with trading tools, execution algorithms and
direct market access to trade Canadian equities, options and futures. NBF is a
wholly owned subsidiary of the National Bank of Canada, the 5thstrongest bank
in the world, according to Bloomberg Markets*, and recognized as a market
leader in Canadian ETF and options flow business.
“Expanding the use of Orc technology enables National Bank Financial to offer
direct market access to its suite of Canadian intelligent and dynamic
algorithms, to global investors. Participants may leverage our direct
membership to all sources of Canadian liquidity in a cost effective and
efficient manner to ensure best execution,” said Michael Newallo, Managing
Director, Electronic Trading, from National Bank Financial. “Combining Orc’s
superior technology with National Bank’s comprehensive research products,
depth of knowledge, access to liquidity and expert trading advice in equities
and options serves to secure our position as the leading Canadian execution
provider on Orc’s ExNet.”
“Investors around the world are increasingly looking to Canada to diversify
away from markets where they have historically concentrated their holdings.
They see Canada as a great alternative that offers diversification by
geography and industry sector; they also have confidence in the Canadian
dollar, our country’s fundamentals and the stability provided by the Canadian
government.” said Robert Fotheringham, Senior Vice President, Trading for the
Toronto Stock Exhange and TSX Venture Exchange.
“Orc and National Bank Financial have come together to provide a unique
solution in an environment craving innovation,” said Steve Lukes, Vice
President of Sales at Orc. “Our customers are searching for new opportunities
in various asset classes and Canada has attractive offerings.”
NBF will join Orc ExNet. Orc ExNet Private IP Network provides users direct
access to additional markets without the need for exchange membership or
extensive investments in technology. Customers enjoy a fully managed network
service with guaranteed fast response times. This out of the box solution
sends data from point-to-point for direct access and, speed is enhanced with
the ability to prioritize data related to orders and trades.
About Orc Orc is a leading provider of technology and services for the global
financial industry. Since 1987, Orc delivers trading and market access
solutions used by proprietary trading and market making firms, investment
banks, hedge funds and brokerage houses worldwide.
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
Orc is owned by Nordic Capital Fund VII.
About National Bank Financial
National Bank Financial (NBF) is a wholly owned subsidiary of the National
Bank of Canada. National Bank of Canada is a public company listed on Canadian
stock exchanges. National Bank* is an integrated group that provides
comprehensive financial services to consumers, small and medium-sized
enterprises and large corporations in its core market, while offering
specialized services elsewhere in the world. National Bank offers a full array
of banking services, including corporate and investment banking. It is an
active player on international markets and, through its subsidiaries, is
involved in securities brokerage, insurance and wealth management, as well as
mutual fund and retirement plan management. National Bank is the sixth largest
bank in Canada. NBF is member of the Industry regulatory Organization of
Canada and the Canadian Investor Protection Fund.
* National Bank is a brand name used by National Bank of Canada
This information was brought to you by Cision http://news.cision.com
Steve Lukes, Vice President Sales
Jessica Titlebaum, Marketing Director
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