Arqaam Capital extends use of Orc Trading solution
Successful, longtime partnership with Orc and E2E Infotech renewed to address future needs of leading Middle East investment bank.
Stockholm, SWEDEN – Thursday, February 16, 2012 – Orc Group (SSE: ORC), the leading provider of technology and services for the global financial industry, today announced a renewed multi-year agreement with Arqaam Capital, the Dubai-based emerging markets investment bank. According to the agreement, Arqaam will extend its use of Orc Trader to support their cash equity trading on the three stock exchanges in the UAE, Abu Dhabi Securities Exchange (ADX), Dubai Financial Market (DFM) and NASDAQ Dubai (DIFX). The order was booked in Q3, 2011. This extended partnership also includes significant contributions to Arqaam Capital by E2E Infotech, a subsidiary of aurionPro Solutions Ltd, and an Orc business partner.
“Renewing and extending our partnership with Arqaam Capital is a strategically significant event for Orc,” said Lee Griggs, President EMEA, Orc. “Arqaam is an industry-leading user of our products, and their continued trust in our evolving technology and services testifies to Orc’s commitment to advanced trading firms in Middle East.”
As part of the agreement, E2E Infotech will also continue to work closely with Orc to develop and refine tailored solutions for Arqaam Capital and will provide support to Arqaam Capital locally.
“We are constantly looking for ways to expand and enhance the services we provide our clients, and Orc has evolved its technology to consistently meet our needs,” said Dennis Wijsmuller, Chief Operating Officer of Arqaam Capital. “We look forward to continuing our successful partnership with Orc and aurionPro as we work together to provide efficient solutions in cash equities trading and for derivatives market making.”
“It is gratifying to have our longtime successful partnership with Orc and Arqaam Capital extended in time and scope,” said Deepak Vaishnav, Sales & Engineering, Capital Markets Group, aurionPro Solutions.
E2E and aurionPro offer professional services around Orc’s trading solutions, and has developed a portfolio of standardized components for integration with Orc. In addition, E2E and aurionPro offer solutions in outsourcing and professional IT services.
About aurionPro and E2E Infotech
E2E Infotech, a subsidiary of aurionPro Solutions (NSE:AURIONPRO, BSE: 532668), is a capital markets solution provider catering to the IT requirements of financial institutions, more specifically, traders, brokers and banks. An Orc business partner since 2001, E2E Infotech specializes in providing integration of business processes with Orc trading solutions and related professional services to Orc clients.
aurionPro Solutions delivers software solutions that drive efficiencies in the secure exchange of information, financial assets, and goods across the globe. Headquartered in Mumbai, the company was recently recognized by Deloitte and Forbes as one of the fastest growing technology companies in India. aurionPro has demonstrated consistent growth since its inception in 1997 and currently employs more than 1250 individuals across Asia, Europe, and the United States. For more information, visit www.aurionpro.com.
About Orc
Orc 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 profitable trading or brokerage businesses 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 is publicly traded on NASDAQ OMX Stockholm (SSE: ORC).
www.orc-group.com
For further information, please contact:
Lee Griggs, President EMEA, Orc, Tel. +44 797 985 61 62
Christine Blinke, VP of Marketing and Investor Relations, Orc Group. Tel +46 739 01 02 01
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