Banca IMI Signs for Orc Software’s Enhanced Equities Trading Efficiencies

Milan & Stockholm: Wednesday 20 March 2007 – Orc Software (SSE: ORC), the leading global provider of technology for advanced trading, market making and brokerage, today announced leading Italian Investment Bank, Banca IMI (Banca d'Intermediazione Mobiliare IMI S.p.A), a fully owned subsidiary of the largest banking group in Italy Intesa Sanpaolo, has signed for an expanded Orc technology solution for enhanced equities trading efficiencies.

An established Orc Software customer, Banca IMI has incrementally leveraged the Orc system across its equities business; reducing its number of disparate systems, and therefore related IT complexity, whilst lowering infrastructure costs.

Banca IMI is using Orc Liquidator, Orc Trader and eight Orc market connections for the Italian Derivatives Market (IDEM), Italian Stock Exchange’s (MTA, SeDeX), EUREX, XETRA, EURONEXT, SFC, and most recently TLX.

With Orc Liquidator Banca IMI captures latest market opportunities by taking advantage of its high performance capabilities for adapting strategies on-the-fly in response to changing market conditions. The reliable and stable Orc Trader meets demanding market requirements for handling large trading volumes on multiple markets and risk management.

Banca Caboto, an investment bank also within the Intesa Sanpaolo, uses advanced trading technology from Orc Software.

“Orc Software continues to provide advanced trading performance to the world’s leading financial institutions; its agreement with Banca IMI a further indication that the European banking community relies on the stable Orc technology,” says Matteo Carcano, President Western Europe for Orc Software. “We look forward to continuing the strong partnership we have established with Banca IMI over a number of years.”

Orc Software is next exhibiting at Trade Tech in Paris, April 24 - 27.


About Banca IMI
Banca IMI offers a wide range of products, satisfying all the diversified investment strategies. Banca IMI is issuer and Market Maker of Investment Certificates, Certificates Reflex and Covered Warrant listed on Borsa Italiana. It is also Market Maker on stocks, bonds, derivatives and ETF on the Italian Market and also on the main International Stock Exchanges. Banca IMI's business covering equity and fixed income trading is active in the financial markets in Germany, Holland, Belgium, the UK, Spain, Luxembourg, Greece and the U.S.
www.bancaimi.it

About ORC Software
Orc Software (SSE: ORC) is a leading global provider of technology for advanced trading, market making and brokerage. Founded in 1987, Orc provides solutions and services to its 600+ worldwide customer sites 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.

CameronFIX, the number one Financial Information Exchange protocol (FIX) platform, is an Orc Software connectivity solution. CameronFIX is used as a FIX platform by major members of the global financial industry including Bank of America, International Securities Exchange, Nomura Securities, Standard Chartered Bank, Credit Suisse, Singapore Stock Exchange, Australian Stock Exchange, OMX, Fidelity Management and Research, Knight Securities, UBS, Citigroup, BlackRock, Barclays Capital, CIBC World Markets and Dresdner Kleinwort Wasserstein.

Orc Software has offices in Chicago, New York, Toronto, London, Stockholm, Frankfurt, Milan, Vienna, Zurich, St. Petersburg, Moscow, Tokyo, Hong Kong and Sydney.
www.orcsoftware.com

For further information:
Annie Walsh, CMO, Orc Software, + 46 708 66 22 30
Matteo Carcano, Orc Software, +39 02 805 807 15
External Communications, Banca IMI, +39 02 7751 2502