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National Bank Financial expands Orc technology to provide access to Canada


National Bank Financial (NBF) has expanded its use of Orc technology to provide global market participants with algorithmic execution and market access in the Canadian markets.

NBF will provide global customers with trading tools, execution algorithms and direct market access to trade Canadian equities, options and futures.

NBF is a wholly owned subsidiary of the National Bank of Canada, the fifth strongest bank in the world, according to Bloomberg Markets, and recognised as a market leader in Canadian ETF and options flow business.

“Expanding the use of Orc technology enables National Bank Financial 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, electronic trading from National Bank Financial. “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.”

“Investors around the world are increasingly looking to Canada to diversify away from markets where they have historically concentrated their holdings. They see Canada as a great alternative that offers diversification by geography and industry sector; they also have confidence in the Canadian dollar, our country’s fundamentals and the stability provided by the Canadian government,” says Robert Fotheringham, senior vice president, trading for the Toronto Stock Exhange and TSX Venture Exchange.

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