Korean Investment & Securities (KIS) has announced a deal with trading technology vendor Orc that will provide buy-side clients with low-latency connectivity to the Korea Exchange for futures and options trading.
International investment houses will use KIS’s exchange membership and Orc’s connectivity solutions to trade the popular KOSPI 200 futures and options series.
“We’re really pleased to work with Orc to provide high-performance market access to the Korean futures and options markets,” said John Yoo, international DMA head of sales, Korean Investment & Securities, which offers a range of brokerage, underwriting, fund management and advisory services. “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.”
Orc struck a similar deal with Samsung Securities in August 2011.
“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,” commented Peter McPhee, vice president, sales, APAC, Orc.
Orc, which was recently taken private by Nordic Capital Fund VI, provides trading and market access solutions to proprietary trading and market making firms, investment banks, hedge funds and brokerage houses. The firm’s sponsored access solutions offer buy-side users access to liquidity pools without the need for exchange membership.