Knight Direct Joins the Orc ExNet Broker Connectivity Network

Knight Direct has joined the Orc ExNet connectivity network to offer algorithmic execution services and market access to clients, according to today’s announcement by Orc Software.

The Orc-Knight partnership was book in the Q1, 2010, which was booked on Orc’s licensing subscription model.

Under the partnership Orc users can trade securities directly using Knight Direct and provides access to Knight Direct’s extensive set of execution algorithms. Users of Orc’s trading solutions will be able to trade futures, options and cash equity instruments using Knight Direct on the global equity markets supported by Knight.

“Orc ExNet has a strong reputation for high performance and we look forward to providing clients on the network with Knight Direct’s full range of intelligent and dynamic algorithms as well as access to Knight’s unique liquidity,”
stated Bradley Duke, Managing Director at Knight Capital Europe Limited, in the release.

“The 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,” stated Jon Freebody, VP Sales, UK and France, Orc Software, in the release. “Knight Direct’s extensive set of execution algorithms will also become a key resource for our users, combined with Orc ExNet’s market leading connectivity and services.”

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 ECN’s. Brokers use Orc ExNet to gain cost-efficient access to professional buy-sides around the world.

Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio