AG Capital Nordic Selects Orc Software’s Market Gateway Technology for Russian Market
Stockholm & London: Wednesday November 28, 2007 – Orc Software (SSE: ORC), the leading global provider of advanced derivatives trading and connectivity solutions, today announced Stockholm-based AG Capital Nordic, part of the Russian investment group AG Capital, has integrated latest Orc market connectivity technology to deliver enhanced market gateway connections for the Russian financial markets.
AG Capital Nordic is utilizing Orc Software’s direct market access connections to MICEX (Moscow Interbank Currency Exchange) and FORTS (Futures and Options on RTS) to broaden its brokerage services and offer its customers enhanced electronic trade access on all financial instruments to the Russian markets.
“AG Capital Nordic’s investment services will benefit from Orc’s proven market connectivity solutions for the Russian financial markets,” says Joackim Lantz, Managing Director, AG Capital Nordic. “Orc Software has worked with the AG Capital-group for a number of years providing us latest trading enhancements. We look forward to continuing our partnership with Orc to ensure additional valuable services for our customers.”
“We are pleased to be working with AG Capital Nordic to deliver advanced trading capabilities for the Russian market,” said Berit Petters, Nordic Sales Manager, Orc Software. “Working closely with customers such as AG Capital enables Orc to deliver solutions that meet their emerging market and performance requirements.”
About Orc Software’s revenue model
This agreement follows Orc’s licensing subscription model to give customers access to the software, new versions and support as long as the agreement is valid. Customers are invoiced quarterly in advance and revenue allocated to the invoicing period.
About Orc Software
Orc Software (SSE: ORC) is a leading global provider of technology for advanced derivatives trading and connectivity. Celebrating 20 years in 2007, Orc provides solutions and services to its worldwide customers from its offices across Europe, North America and Asia Pacific. Orc Software's customers include leading investment banks, trading and market-making firms, exchanges, brokerage houses, institutional investors, hedge funds and software vendors.
Orc Software has offices in London, Milan, Stockholm, Amsterdam, Frankfurt, Moscow, St Petersburg, Vienna, Zurich, Chicago, New York, Toronto, Hong Kong and Sydney.
www.orcsoftware.com
About AG Capital
AG Capital investment group offers a wide range of services in the financial market for its clients, and provides a combination of professional services, leading technologies and deep market experience.
AG Capital aims to be the leader in the Russian financial market; pioneering new solutions, for greater client benefit. This ambition is the key to AG Capital’s successful development.
AG Capital has offices in Moscow and in Stockholm.
For further information:
Annie Walsh, CMO, Orc Software, + 44 20 7942 0950
Berit Petters, Nordic Sales Manager, Orc Software, + 46 (0)708 972702
Joackim Lantz, Managing Director, AG Capital Nordic, + 46 8 402 29 95