Öhman Capital secures its competitive position by selecting Orc as trading technology provider
Orc remains preferred supplier to Öhman Group; selected to support newly established investment and trading firm Öhman Capital.
Stockholm, SWEDEN – Thursday, February 23, 2012 – Orc Group AB (SSE: ORC), a leading provider of technology and services for the global financial industry, today announced that Öhman Capital, a Stockholm-based investment and trading firm, has chosen Orc as its preferred trading technology supplier. Öhman Capital will use Orc Trading to support its market making and high frequency trading operations. The solution includes Orc Trader and Orc Liquidator products together with market access to Nasdaq OMX, Burgundy and Nordic Growth Market (NGM). The deal was booked in Q1, 2012, and the contract is based on Orc’s licensing subscription model.
“We have chosen Orc based on our positive experience as users of their excellent trading solutions and on our need for a reliable supplier that will support us in the future, just as they have for the Öhman Group over many years,” said Ronny Jacobsson, CEO, Öhman Capital. “With Orc, we have a partner that combines market knowledge with technology leadership and the resources to continuously evolve its software and solutions.”
Following an extensive evaluation and screening of available solutions and suppliers, Orc emerged as the single vendor capable of providing a low latency solution that matched Öhman Capital’s complex trading requirements.
“We are thrilled that Öhman Capital, one of the most sophisticated trading firms in the Nordic region, has chosen Orc to help them stay ahead of competition,” said Peter O Bäck, Vice President Sales EMEA, Orc. “Given the current state of the markets it is also satisfying to see that Orc continues to be the first choice for key investment decisions on advanced trading technology.”
About Orc Group 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 Öhman Capital
Öhman Capital is a Stockholm-based investment and trading firm that provides qualified investment advisory services and quantitative analysis to institutional clients. The firm also offers and distributes structured financial products issued by third parties to potential investors.
Öhman Capital is engaged in financial trading for its own account, and as a market maker for derivative instruments and exchange traded funds. This includes issuing and providing a second-hand market for warrants, certificates and other exchange traded investment products.
Öhman Capital is part of the Öhman Group, which offers a broad cross-section of high-quality financial services – in particular asset management. The parent company E. Öhman J:or AB was founded in 1906 under the name of “Bankirfirman Öhman”.
www.ohman.se
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
Ronny Jacobsson, CEO, Öhman Capital, Tel. +46 768 52 52 49
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