Levante Capital has selected Orc, a global provider of trading technology, for connectivity to Nasdaq Futures Inc. (NFX), a derivatives exchange for energy and power contracts.
Levante Capital is a proprietary trading group active in energy derivatives, including crude oil and natural gas. Leveraging Orc’s Trading Bricks solution for market making, Levante is expanding its Orc connectivity to realize new opportunities on NFX. Levante will specifically trade the West Texas Intermediate (WTI) crude oil and natural gas options markets.
NFX is a US-based designated contract market (DCM), launched in July to help market participants manage their trading and hedging needs in a cost-efficient manner. The exchange currently offers futures and options contracts on oil, natural gas, and US power benchmarks. All products are cleared through an innovative horizontal clearing solution operated by The Options Clearing Corp.