Published On: Tue, Mar 5th, 2013

PhillipCapital Opens Direct Market Access to National Stock Exchange

Greg Chambers, President APAC, Orc

Greg Chambers, President APAC, Orc

Orc, a leading provider of technology and services for the global financial industry, announced March 5 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 inIndiaand 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.”

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