Orc Launches Market Adapter for China Futures Exchange

Orc, the leading supplier of Online Trading technology for listed derivatives, announced that it has developed and launched a market adapter for the China Financial Futures Exchange (CFFEX). The tool will facilitate low-latency access to the CFFEX platform for exchange members and brokers.

The trading technology supplier said that the market adapter was developed and tested on the Financial Easy Market Access System, and that now Chinese clients will have the opportunity to take advantage of the full suite of services offered by two other Orc products – Trading Brics and Execution Brics, specially developed for emerging markets.

The new product highlights China as a focus of expansion for Orc

Commenting on the launch, Orc’s regional President for the Asia-Pacific, Greg Chambers, said: “Our new market access option for CFFEX highlights the importance of the Chinese markets for Orc’s expansion plans in the Asia-Pacific region and provides our domestic Chinese and international clients with the capability to trade the market’s listed derivatives.”

Orc has continuously been working on its offering, adjusting it constantly to a changing regulatory environment. Most recently, the company announced that it had introduced changes to its trading technology to reflect the requirements leveled on financial service providers by European regulators in the new Markets in Financial Instruments Directive (MiFID), due to come into effect in 2017.

Earlier, Orc struck a deal with OneMarketData to integrate the latter’s OneTick event stream processing and tick data management solution into its Bricks and Execution Bricks products, once again as part of efforts to keep up with the European regulatory drive.