The partnership allows Orc users to trade securities directly using Knight Direct and provides access to Knight Directâs extensive set of execution algorithms. Users of Orcâs trading solutions will be able to trade futures, options, and cash equity instruments using Knight Direct on the global equity markets supported by Knight.
âBy joining Orc ExNet, Knight Direct is able to offer its suite of award-winning execution algorithms and global market access to an even wider community of traders.â said Bradley Duke, Managing Director at Knight Capital Europe Limited. âOrc ExNet has a strong reputation for high performance and we look forward to providing clients on the network with Knight Directâs full range of intelligent and dynamic algorithms as well as access to Knightâs unique liquidity.â
âThe addition of Knight Direct to Orc ExNet provides our customers with attractive new trading options for several markets, including excellent coverage of the US and emerging global markets,â said Jon Freebody, VP Sales, UK and France, Orc Software. âKnight Directâs extensive set of execution algorithms will also become a key resource for our users, combined with Orc ExNetâs market leading connectivity and services.â
Orc ExNet provides hedge funds, proprietary traders, and other advanced traders with non-membership access to major liquidity pools around the world, including official exchanges and ECNâs. Brokers use Orc ExNet to gain cost-efficient access to professional buy-sides around the world.