Orc, a global leader in trading technology, today announced that Levante Capital has selected Orc for connectivity to Nasdaq Futures, Inc. (NFX), a derivatives exchange for energy and power contracts. Levante Capital is a proprietary trading group active in energy derivatives, including crude oil and natural gas. Leveraging Orc's Trading Bricks solution for market making, Levante is expanding their Orc connectivity to realize new opportunities on NFX.
Levante will specifically trade the WTI Crude Oil and Natural Gas options markets. "Orc is the best and most efficient solution for trading in the energy markets," said George Clayton, member at Levante Capital. "Orc's Trading Bricks solution provides us with the tools necessary to keep our competitive edge and adapt to market changes." NFX is a US-based Designated Contract Market (DCM), launched in July 2015 to help market participants manage their trading and hedging needs in a cost-efficient manner.
The exchange currently offers futures and options contracts on oil, natural gas and US power benchmarks. All products are cleared through an innovative horizontal clearing solution operated by The Options Clearing Corporation (OCC).