Banque Du Bois selects Orc Trading solution for proprietary trading
Stockholm, SWEDEN, Monday July 27, 2009 – Orc Software (SSE: ORC), the leading global provider of technology for advanced trading and connectivity, today announced that Banque Du Bois, a private banking firm based in Zurich, Switzerland, has ordered and are now live in production with Orc Trading for its proprietary trading operations. The solution has been further tailored to Banque Du Bois needs by professional services from Orc’s partner E2E Infotech. The order was booked in Q4, 2008.
“As we evaluated several technology options for supporting our trading, it soon became apparent that Orc provides just the right solution for our needs,” said Brian Sparks, CEO, Banque Du Bois. “Orc has excellent references from other Swiss customers, they offer excellent standardised functionality and very stable market access,” We also appreciate Orc’s extensive integration capabilities, which allows us to easily add functionality using third-party development.” “We are pleased that Banque Du Bois has chosen the Orc platform to support their current and future electronic trading requirements,” said Christopher Lederer, Vice President Sales Western Central Europe, Orc Software. “By replacing an inhouse developed trading solution with the Orc platform, Banque Du Bois will have all the benefits from a standard software solution including industry-leading performance, functionality and support, while keeping the option to build a system that is also tailor-made for their specific requirements.” Orc Trading provides the competitive edge to trade from a single platform capable of running thousands of complex trading strategies simultaneously. Orc Trading is used by financial firms worldwide for enhanced trading, pricing and risk management on electronically traded derivatives. Orc Connect is the global financial industry’s leading connectivity solution. Orc Connect provides traders and brokers with fast, reliable access to liquidity pools, both for market members and non-members, in the critical areas of execution, market data and reference data. About Orc Software’s revenue model Standard agreements follow Orc’s licensing subscription model, a flexible approach designed to streamline the customer on boarding process and provide ease of access to software updates, together with a mature support framework. Customers are invoiced quarterly, in advance, and revenue allocated to the invoicing period. For more information about Banque Du Bois, please visit: www.banquedubois.com About Orc Software Orc Software (SSE: ORC) is the leading global provider of powerful solutions for the worldwide financial industry in the critical areas of advanced trading and low latency connectivity. Orc’s competitive edge lies in its depth of knowledge of the derivatives trading world gained by deploying advanced solutions for sophisticated traders for over 20 years. Orc Trading and Orc Connect provide the tools for making the best trading and connectivity decisions with strong analytics, unmatched market access, powerful automated trading functionality, high performance futures and options trading capabilities, ultra-low latency and risk management. Orc’s customers include leading banks, trading and market-making firms, exchanges, brokerage houses, institutional investors and hedge funds. Orc provides sales and quality support services from its offices across EMEA, Americas and Asia Pacific. www.orcsoftware.com For further information: Brian Sparks, CEO, Banque Du Bois, Tel. + 41 44 560 10 80 Christopher Lederer, VP Sales Western Central Europe, Orc Software, Tel. +31 6 4610 40 07 Christine Blinke, Investor Relations and Marketing Director, Orc Software, Tel. + 46 739 01 02 01
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