Mitsubishi UFJ Morgan Stanley Securities has selected financial technology services provider Orc Group's trading solution to enhance its options market making operations on Japan's Osaka Securities Exchange.
Mitsubishi UFJ Morgan Stanley Securities, a joint venture between Japanese bank Mitsubishi UFJ Financial Group and US investment bank Morgan Stanley, provides investment banking and research services to wholesale and retail clients in Europe, North America and Asia.
Orc's trading solutions support market making, volatility trading and high-frequency trading and are available as deployed software and as a managed service.
“Orc proved to have the scope of functionality we were looking for to scale up our options trading on the exchange, as well as the architecture needed to ensure that our minimal latency requirements were met,” said Hizuru Konishi, chief manager, equity derivatives division, Mitsubishi UFJ Morgan Stanley Securities.
Orc recently formed a plan with brokerage firm Newedge to offer a direct communications link between Chicago and the Newedge's Hong Kong-based trading data centre, allowing US traders to trade Asian markets without their own lines and connections.