Orc Software connects to Pure Trading for go-live launch in Canada

TORONTO, NEW YORK & STOCKHOLM: Tuesday 23 January, 2007 – Orc Software (SSE: ORC), the leading global provider of technology for advanced trading, market making and brokerage, today announced market connectivity to Pure Trading in Canada from its launch date, March 9, 2007. Pure Trading is the first alternative visible auction market in Canada for exchange listed securities.

“Orc Software has worked diligently to connect to Pure Trading in order to provide its clients with full access to the Canadian equity market,” said Lida Preyma, Pure Trading’s Manager, Business Development & Marketing. “We are delighted Orc will be connected from day one when we launch in March of this year.”

“Orc Software enables customers to take advantage of market opportunities through connectivity to an unrivaled number of markets,” says Peter Sibirzeff, Managing Director – Sales for Orc North America. “Pure Trading is the 105th market that Orc trading applications connect to globally.”

Pure Trading is a new trade facility being offered by Canadian Trading and Quotation System Inc., which operates CNQ, the first new marketplace to be recognized since the implementation of National Instrument 21-101 — Marketplace Operation, and the first new Canadian stock exchange in over 70 years. It is the first visible alternative market in Canada, providing a new trading platform for Canadian exchange-listed securities. This high speed trading system utilizes the X-Stream trading engine supplied by OMX, a major shareholder in Orc Software.

Orc Software opened its Toronto-based Canadian office during 2002 with a team comprising development, support, product management and sales. Major Canadian investment banks use Orc Software’s technology, with Orc Trader the preferred front-end platform for professional traders; allowing sophisticated functionality including order entry, automation, combination trading, volatility management, basket trading, model integration, risk, and order management.

About Us

Orc is the global market leader in trading technology for listed derivatives. Building on our commitment to long term partnerships and technology innovation that delivers results, Orc serves the trading and electronic execution needs of clients worldwide. Leading trading firms, market makers, banks and brokers depend on Orc to provide robust solutions that deliver concrete value, ensuring that they achieve their business goals in the world's increasingly dynamic and competitive markets. With nearly 200 customer sites in more than 30 countries, access to over 150 trading venues and offices in each of the world's key financial centers, we offer true global capabilities. Combining our technology and financial industry expertise, including a solid understanding of regulatory issues, Orc also provides expert advice and services that help reduce complexity and cost, while enabling clients to stay focused on value creation in their core businesses. Orc is owned by Orc Group Holding AB which in turn is owned mainly by Nordic Capital Fund VII. www.orc-group.com


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