Orc Software launches Orc Hosted – a managed service for trading
Stockholm, SWEDEN, Wednesday, 3 November 2010 – Orc Software (SSE: ORC), a leading provider of technology and services for the global financial industry, today announced Orc Hosted, a fully managed trading services with connectivity to major cash and derivatives exchanges, MTFs and brokers. This announcement marks Orc’s entry into the managed services area. Based on Orc Trading technology, Orc Hosted will be offered in parallel with Orc’s existing deployed software solutions.
Orc Hosted is a fully-supported trading infrastructure built for robustness, speed, and reliability. Greatly reducing requirements for internal technology support resources, it helps lower operational risks for clients. Orc’s service-based approach can also provide time to market benefits, which clients may use for competitive advantage when entering new markets and for extending their offerings.
“Orc Hosted enables clients to focus solely on their trading, by letting Orc manage their technology infrastructure,” said Joacim Wiklander, Chief Strategy Officer, Orc Software. “Using Orc as a managed services supplier, clients benefit from our economies of scale and have 24/7 access to our expertise, which enables them to utilize their own internal resources for supporting their core business - trading.”
Orc Hosted services include applications Orc Trader, Orc Spreader and Orc Liquidator, together with a wide range of connectivity options for membership and non-membership markets. Orc Hosted can be used both by firms wishing to outsource their entire Orc infrastructure as well as firms looking to augment their existing Orc deployment with new market access.
Orc Hosted services are immediately available out of Stockholm and London. Further expansion in EMEA, the Americas and APAC is planned for 2011 and will be announced as they come available.
About Orc Software
Orc Software is a leading provider of technology and services for the global financial industry. Orc delivers trading and market access solutions used by proprietary trading and market making firms, investment banks, hedge funds and brokerage houses worldwide.
Available as deployed software or as managed services, Orc develops and provides the tools needed for running a profitable trading or brokerage business in today’s competitive and ever-changing markets.
With market presence in all major global financial centers, Orc provides sales and support services from its offices across EMEA, the Americas and the Asia-Pacific regions. Orc Software is publicly traded on NASDAQ OMX Stockholm (SSE: ORC).
For further information, please contact:
Joacim Wiklander, Chief Strategy Officer, Orc Software, Tel. +46 8 506 478 35
Christine Blinke, VP Marketing and Investor Relations, Orc Software, Tel. + 46 739 01 02 01