Orc Software will be connecting to the ISE Stock Exchange’s MidPoint Match platform to trade US listed and OTC equities. ISE says that MidPoint Match executes orders at the midpoint price of the National Best Bid and Offer (NBBO) throughout the day.
“Orc Software has a long and successful history with the ISE,” says Peter Sibirzeff, the MD of Orc Software in the US. “We’re very pleased to be early adopters of MidPoint Match and to offer our clients electronic access to this new exciting offering. Orc is the leading ISV in the U.S. equity options space; the addition of MidPoint Match further strengthens that position.”
“We are pleased that Orc Software has connected to MidPoint Match, providing Orc’s broad client base with the opportunity for anonymous execution and continuous price improvement on our platform,” adds Andrew Brenner, the head of ISE. “We look forward to Orc’s participation and support as we continue to roll out the ISE Stock Exchange over the coming months.”