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Oric and ORX in talks regarding possible merger

Oric and ORX have been in talks for more than a year regarding a possible merger of their operational risk data platforms

BAML Pairs strategy is designed around buying and selling two stocks to manage exposure or risk

The Operational Risk Consortium (Oric) and the Operational Riskdata Exchange Association (ORX) are in talks regarding a possible merger. The two associations have been in talks "for over a year", says a source close to the negotiations.

"It is possible Oric and ORX might merge, if both sets of members thought that was advantageous for the industry," says a senior industry source. "However, legal

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