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A-Team Insight Blogs

Orient Securities Implements Orc Trading Bricks for Options Market Making in China

Orient Securities has implemented Orc’s Trading Bricks platform to support its options market making operations on the Shanghai Stock Exchange. The securities firm chose Orc’s turnkey market making solution in a competitive selection process and on the basis of Orc’s market reputation and its platform’s rich feature set.

Orient, one of the largest securities firms in China, accepted the Orc solution in the second quarter of this year and will use it to take advantage of the recent listing of options instruments on Chinese markets. Orient plans to establish and develop an options market making business and engage across multiple markets as further products are introduced.

Al Ling, general manager of the financial derivatives business at Orient, says: “It is extremely important for us to expand our options market making business. We have confidence in Orc’s leading position in Asia and solid experience in the options market making space. We are impressed by the functionality and scalability of its market making system and by deploying the system, we expect to enhance our trade efficiency in options market making.”

Orc’s Trading Bricks solution has been integrated with Orient’s market adaptors for trading on Chinese markets and is expected to provide both high performance and control. Greg Chambers, president of Asia-Pacific at Orc, explains: “Orc’s market making system addresses the present and future challenges of market makers, including the need for low-latency quoting across multiple markets using a single, scalable trading and risk management interface. It also provides tools for high volume automated trading and sophisticated volatility, pricing and risk management. As well as out-of-the-box solutions, there are tools that allow customers to define and use their own proprietary trading and pricing logic.”

While Orc is reluctant to disclose customer numbers in China – it has a total of about 200 customers worldwide – Chambers says: “We have a fast growing customer base in China that is using the Orc Trading Bricks and Execution Bricks solutions. We also have a good pipeline of prospective customers.”

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