Kinetic Derivatives selects Orc to support trading operations
Startup firm specializing in fixed income derivatives goes with the Orc Trading platform.
Stockholm, SWEDEN, Tuesday March 9, 2010 – Orc Software (SSE: ORC), the leading global provider of technology for advanced trading and connectivity, today announced that Kinetic Derivatives Ltd, a privately held trading firm specialized in derivatives, has selected Orc Software to support its newly established trading operations. The order will be booked in Q1, 2010, and the contract is based on Orc’s licensing subscription model. London-based Kinetic Derivatives will implement an Orc solution to be used primarily for flow/proprietary trading of fixed income derivatives on Eurex and NYSE Euronext Liffe. “We chose to work with Orc Software based on our experience from trading derivatives,” said David Kantor, a founding partner of Kinetic Derivatives. “We have great trust in Orc’s solutions and services, and feel they provide best-in-class capabilities and tools for our specific needs. Using the Orc Trading platform will provide us the flexibility and performance to quickly establish our name in the market” “We are proud to continue our strong business relationship with Peter Tasou and David Kantor as they prepare to enter the market as Kinetic Derivatives,” said Lee Griggs, VP Sales UK, France and Middle East, Orc Software. “Kinetic are a determined startup trading firm, which enters the market building on rich experience from the leading global derivatives trading exchanges. We are confident that we will provide a solution which meets all their requirements.” 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. 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, please contact: Lee Griggs VP Sales UK, France and the Middle East, Orc Software, Tel. + +44 (0) 7979 856 162 Christine Blinke, VP Marketing and Investor Relations, Orc Software, Tel. + 46 739 01 02 01 Peter Tasou, founding partner, Kinetics Derivatives, Tel. +44 (0) 790 393 5339
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