Orc Software and NeoNet Sign Strategic Agreement

Orc Software and NeoNet Sign Strategic Agreement NeoNet and Orc Software has signed an agreement that gives Orc Software's clients equity trading access through Orc Software's products on the exchanges offered through NeoNet's electronic execution network. Plans are to offer trading access through NeoNet during autumn this year. Memberships have until now been required for Orc Software's clients to trade on the connected exchanges. The agreement between NeoNet and Orc Software complements the offering of Orc Software and gives clients electronic trading access on leading exchanges without membership requirements. Technically the two systems will be adapted in order for the Orc-system to send orders to NeoNet's electronic execution network. "NeoNet's electronic execution network is a very good complement to our product offering", said Nils Nilsson CEO of Orc Software. "Our clients can now use the Orc-system together with NeoNet's network to trade on exchanges where they are not members themselves." "The agreement is a way to increase our client base through connecting NeoNet's global virtual exchange layer to Orc Software's product offering", said Torvald Bohlin CEO of NeoNet. "The transaction intensive international market maker and trading clients of Orc Software is an interesting client segment and we see a good revenue potential in the co- operation with Orc Software." About Orc Software Orc Software develops and markets standardized and turnkey software systems for pricing, trading and risk management in real time in international financial, commodities and energy markets. The company is a leading international software vendor with clients in 17 countries and with 33 market connections to exchanges around the world. Orc Software is listed on Stockholmsbörsen's O-list. About NeoNet NeoNet is a leading provider of real time equity execution services for institutional investors and broker-dealers. Through its electronic execution network NeoNet provides its clients with efficient, secure and anonymous access to currently over 50 % of the equity market capitalization in Europe. Today NeoNet has electronic connections to the stock exchanges in London, Frankfurt, Stockholm, Helsinki and Copenhagen. During third quarter this year NeoNet plans to also connect to the Euronext exchanges: Paris, Amsterdam and Brussels. NeoNet focuses on providing single access to multiple securities markets worldwide. Currently NeoNet has clients in eleven countries including the U.S. NeoNet has over 60 employees with offices in Stockholm and New York and is listed on Stockholmsbörsen. For further information, please contact: NeoNet: Orc Software: Torvald Bohlin Nils Nilsson CEO of NeoNet AB (publ) CEO of Orc Software AB (publ) Tel. +46 8 454 15 39 Tel. +46 8 545 122 50 torvald.bohlin@neonet.se ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/05/14/20010514BIT00140/bit0001.doc http://www.bit.se/bitonline/2001/05/14/20010514BIT00140/bit0001.pdf