National Bank Financial Activates Orc for Canadian Algo Trading

Access will be offered to venues such as the Toronto Stock Exchange.

National Bank Financial (NBF), a wholly owned subsidiary of the National Bank of Canada, has extended its use of technology from Orc by offering clients algorithmic trading in Canadian markets.

Clients will now have market access and the ability to use algorithmic execution tools in Canadian futures, options and equities. NBF will also join the Orc ExNet, a financial connectivity extranet.

"Expanding the use of Orc technology enables NBF to offer 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," says Michael Newallo, managing director for electronic trading at NBF. "Combining Orc's superior technology with National Bank's comprehensive research products, depth of knowledge, access to liquidity and expert trading advice in equities and options serves to secure our position as the leading Canadian execution provider on Orc's ExNet."


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