PhillipCapital Opens Direct Market Access to India's National Stock Exchange

MUMBAI, India & HONG KONG & SYDNEY & TOKYO--(BUSINESS WIRE)-- Orc, a leading provider of technology and services for the global financial industry, today announced that PhillipCapital, India (PhillipCapital) has deployed Orc Access to meet the growing market demand for low-latency connectivity in India.

PhillipCapital has completed the necessary regulatory certifications for its Orc installation and is now able to provide international trading firms with high-speed Direct Market Access (DMA) to the National Stock Exchange of India Ltd. (NSE). The Orc deployment empowers PhillipCapital to meet the low-latency demands of international trading firms looking to execute cash, futures and options on the NSE without the need to obtain exchange membership.

"Apart from Orc's speed and performance, we were impressed with the robust real-time risk management capabilities within the system. This powerful addition allows us to satisfy the low-latency trading needs of our international clients," said Vineet Bhatnagar, Managing Director, PhillipCapital, India.

"Having our products certified by the NSE for direct, non-membership, market access is a significant milestone for our expansion in India and a great testament to the attention Orc pays to the business and regulatory needs of our customers on a global basis," said Greg Chambers, President APAC, Orc. "Through close co-operation with PhillipCapital, we have established a world class offering that satisfies the demands of our international trading customers looking to access the NSE via a local broker member."

The Orc Access solutions allow brokers to offer buy-side firms access to liquidity pools including exchanges and ECNs, without the need for exchange membership. Orc provides the ability for the member firm to set and control trading limits and monitor order and trade flows of their customers on a real time basis via its Orc Flow Control product set.

About Orc

Orc is a leading provider of technology and services for the global financial industry. Since 1987, Orc delivers trading and market access solutions used by proprietary trading and market making firms, investment banks, hedge funds and brokerage houses worldwide.

Orc develops and provides the tools needed for running profitable trading or brokerage businesses in today's competitive and ever-changing markets.

With market presence in all major global financial centers, Orc provides sales and support services from its offices across EMEA, the Americas and the Asia-Pacific regions.

Orc is owned by Nordic Capital Fund VII.

www.orc-group.com

About PhillipCapital Group

Established in 1975, PhillipCapital is an integrated financial institution which offers a full range of quality and innovative financial services to retail, corporate and institutional customers. Our comprehensive suite of financial services includes fund management, unit trusts, insurance planning, regular savings, investment research and broking in bonds, securities, futures, contracts for difference, exchange traded funds, foreign exchange, precious metals and commodities. Institutions can also benefit from our corporate finance and advisory services as well as information technology solutions.

With more than 3500 employees globally, our assets under management worldwide totals more than USD 22 Billion with shareholders' funds in excess of USD 1 Billion.

PhillipCapital operates in the financial hubs of 16 countries, with offices in Singapore, Malaysia, Cambodia, Indonesia, Thailand, Hong Kong, China, Japan, India, Sri Lanka, UAE, UK, France, Turkey, Australia and USA.

In India, PhillipCapital provides access to local Equities, Equity derivatives on NSE, BSE and MCX-SX. It is also a member on local Commodity exchanges such as MCX, NCDEX, IEX and NSEL. PhillipCapital India offers its products and services to a variety of client groups such as Institutions, High Frequency traders, Professional traders, HNIs and Retail.

Source: Orc