TMCnet News

Galaxy Futures Co. Offers High Speed Access to Orc Trading Clients in China
[June 23, 2015]

Galaxy Futures Co. Offers High Speed Access to Orc Trading Clients in China


SHANGHAI, HONG KONG, SYDNEY and TOKYO, June 23, 2015 /PRNewswire/ --

Orc, the global market leader in electronic trading technology for listed derivatives, today announced a co-operation with Galaxy Futures Co. to provide high performance connectivity to Orc clients for the Chinese markets. Clients of both Orc and Galaxy Futures Co. can now take advantage of the joint offering to trade ETF options on the Shanghai Stock Exchange (SSE) via Galaxy Futures Co.'s membership.

     (Logo: http://photos.prnewswire.com/prnh/20150622/224571LOGO )

Galaxy Futures Co. is also providing a number of Orc clients with China Financial Futures Exchange (CFFEX) access for the CSI300 index futures and options mock trading competition. The CFFEX mock trading competition gives firms an opportunity to trade on the pre-production exchange environment and prepare for the launch of CSI 300 index options. Orc and Galaxy Futures Co. will work closely together to ensure their mutual clients have the support required when trading on CFFEX and SSE.

"By leveraging Orc's expertise and investing in our electronic execution solution, Galaxy Futures Co. will now be able to facilitate extremely efficient and reliable access to the Chinese markets especially to the honorable Orc users," said Aleck Wu, Managing Director, Galaxy Futures Co. "Orc's technology is recognized as the global standard and we are excited about this powerful addition to our connectivity offering. We would like to welcome more international Orc users to trade futures and options via Galaxy Futures Co. and would be pleased to offer additional services including administration, legal and clearing in order to help them establish access to the Chnese markets."



"Through close co-operation with Galaxy Futures Co., we have established a robust offering to satisfy the diverse needs of our international trading customers looking to access the Chinese markets," said Dennis Chen, VP Sales APAC, Orc Group. "We are delighted to share the same vision with Galaxy Futures Co. in capturing growth in the Chinese market as financial options become more accessible to both domestic and international customers."

Orc's trading and electronic execution solutions provide clients with the functionality, performance and reach needed in an increasingly competitive environment to scale their business into new markets via their own memberships or through a broker's infrastructure.


About Galaxy Futures Co. 

Galaxy Futures Co. is the first foreign equity joint venture futures company approved by China Ministry of Commerce and China Securities Regulatory Commission. Galaxy Futures Co. is also the first futures company mainly owned by China Galaxy Financial Holding Company Ltd whose registered capital RMB7.54 Billion and listed on H share main board of HKEx successfully. Our foreign shareholder is well-known The Royal Bank of Scotland (RBS).  Galaxy Futures Co.'s current registered capital is RMB 1.2 Billion. Galaxy Futures Co. owns trading and clearing licenses for all four major domestic futures exchanges and is eligible to assist in the transactions of all exchange contracts within China. Galaxy Futures Co.'s close relationship with the exchanges has allowed our clients greater access and convenience in applying for hedging quota, warehousing of goods, etc.

About Orc 

Orc is the global market leader in electronic trading technology for listed derivatives. Successful trading desks of premier institutions rely on Orc to stay ahead in increasingly dynamic and competitive markets. We deliver unrivalled next-generation solutions for advanced trading, market access and electronic execution to leading trading firms, market makers, banks and brokers worldwide. With 200 customers in more than 30 countries, access to over 150 trading venues and offices in each of the world's key financial centers, Orc offers true global capabilities.

Orc is owned by Orc Group Holding AB which in turn is majority-owned by Nordic Capital Fund VII.

http://www.orc-group.com

For further information, please contact: 

Aleck Wu, Managing Director, Galaxy Futures Co., Tel: +86-21-8016-6919, email: [email protected]

DanYang Wang, Deputy Manager, Galaxy Futures Co., Tel: +86-21-8016-6908, email: [email protected]

Dennis Chen, Vice President, Sales APAC, Orc, Tel: +852-2167-1950, email: [email protected]

Agnes Wong, Senior Marketing Manager, APAC, Orc, Tel: +852-2167-1986, email: [email protected]

Greg Chambers, President APAC, Orc, Tel: +852-2167-1950, email: [email protected]

SOURCE Orc Group AB


[ Back To TMCnet.com's Homepage ]