Orc Adds Two to Bolster Regulatory Initiative

According to Orc, the team's objective is to help adapt the firm's platforms to upcoming regulatory changes, and to launch a broader product and services offering for supporting clients affected by new European market regulations, including Mifid II and Mifir.

Christer Wennerberg, who leads to the team, was formerly CTO of equities trading technology at Stockholm-based SEB (Skandinaviska Enskilda Banken), where he headed up the electronic trading services group responsible for algorithmic trading, smart order routing, execution strategies, and market structure analysis. He has more than 25 years' experience in the area of market structure, regulation and technology within the equities market. Prior to SEB, he was head of fixed income at OM Stockholm Exchange, and before that, head of systems development exchange systems at the Stockholm Stock Exchange.

Hedin, previously head of development at Nasdaq in Stockholm, has a decade of experience in software and services delivery in the financial services sector. Prior to his Nasdaq tenure, he held a number of key positions at SEB, responsible for advanced trading strategies, best execution, and market structure analysis.