Low-latency access to Korean markets to be built by Orc

Technology targets money managers

The following is a KIS press release...

HONG KONG & SYDNEY & TOKYO--(BUSINESS WIRE)--Orc, a leading provider of technology and services for the global financial industry, today announced that Korean Investment & Securities Co. Ltd. (KIS) has selected Orc to meet growing market demand for low-latency connectivity to the Korea Exchange (KRX).

“Orc is well known in Asia for their leading-edge trading technology and we are glad to be in a position to leverage their solutions within our brokerage business. This powerful addition will further enhance our efforts to satisfy the diverse trading needs of clients.”

As a result of the deal, customers of both Orc and KIS will be able to capitalize on the market opportunities in Korea. Orc’s solutions allow KIS clients to trade onto the KRX through KIS’ membership.

“We’re really pleased to work with Orc to provide high performance market access to the Korean futures and options markets,” says John Yoo, International DMA Head of Sales, Korean Investment & Securities Co. Ltd. “Orc is well known in Asia for their leading-edge trading technology and we are glad to be in a position to leverage their solutions within our brokerage business. This powerful addition will further enhance our efforts to satisfy the diverse trading needs of clients.”

"With Orc’s low-latency connectivity solution, KIS will be able to facilitate the high speed demands of international trading customers looking to access KOSPI futures and options. We look forward to working with KIS to deliver sophisticated trading solutions to the high-frequency trading community,” comments Peter McPhee, 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.

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