Canadian lender National Bank Financial (NBF) has enhanced the use of Orc technology to offer global market participants with algorithmic execution and market access in the home markets.
The new technology allows the bank to offer global customers with trading tools, execution algorithms and direct market access to trade Canadian equities, options and futures.
National Bank Financial electronic trading managing director Michael Newallo said that expanding the use of Orc technology allows it to cater direct market access to its suite of Canadian intelligent and dynamic algorithms, to global investors.
"Participants may leverage our direct membership to all sources of Canadian liquidity in a cost effective and efficient manner to ensure best execution," Newallo added.
NBF will join Orc ExNet Private IP Network, which delivers direct access to users to additional markets without the need for exchange membership or extensive investments in technology.
With the ability to prioritize data related to orders and trades, the customers enjoy a fully managed network service with guaranteed fast response times.
Operating as a wholly owned subsidiary of the National Bank of Canada, NBF offers an array of financial services to consumers, small and medium-sized enterprises and large corporations in its core market.