Barclays Capital, the investment banking division of Barclays Bank, is expanding its prime services business by teaming up with Orc Software, the provider of technology for advanced trading, market making and brokerage. The partnership will allow Orc clients such as global hedge funds, broker dealers, and corporates to trade listed securities directly with Barclays Capital. Initially, users of Orc Software will be able to trade Asia-listed equities with Barclays Capital. The investment bank plans to expand this offering to include all exchange traded products including futures and options.
“Orc ExNet provides Barclays Capital with an important advantage by helping to expand the distribution of Barclays Capital’s global electronic access products worldwide whilst giving our customers greater access and flexibility through Orc’s trading systems and network,” says Angus Yang, the Director and Head of Equity Prime Services Asia Pacific at Barclays Capital.
“We are pleased Barclays Capital has chosen to leverage Orc’s global trading network,” adds Robert Rooks, the Head of Sales for Asia Pacific at Orc Software. “The addition of Barclays further grows the ExNet offering and provides its customer network with additional excellent order routing services provided by Barclays Capital.”