Electronic derivatives trading specialist Orc Group has extended its connectivity to Borsa Istanbul as demand for Turkish investments increases.
A new high-speed interface will give users of Orc’s Execution Bricks and Trading Bricks platforms access to quoting and trading on Borsa Istanbul, which was formed in 2013 to bring together all exchanges operating in the Turkish capital markets.
“Turkey is becoming an increasingly attractive market, with a steady rise in trading activity and demand from the region,” said Jonas Hansbo, chief strategy officer, Orc Group. “We are delighted to offer all Orc clients high-performance connectivity to Borsa İstanbul and to have our first Turkish users of Orc’s next-generation trading platform active on Borsa İstanbul.”
Interest in investing in Turkey has grown in recent years after a number of market reforms in the country, intended to make it more compatible with the European Union’s Markets in Financial Instruments Directive framework.
Borsa Istanbul has also signed agreements with the London Stock Exchange this year to distribute Turkish derivatives products to UK investors.