Orc Software releases Linux-based Italian derivatives market connection

Leading provider of market connectivity responds to market demand and releases Linuxbased
market gateway to IDeM

Milan & Stockholm: Monday, March 26, 2007 – Orc Software (SSE: ORC), the leading global provider of technology for advanced trading, market making and brokerage, today announced the release of its Linux-based market connection to the Italian Derivatives Market (IDeM); its second generation development to the existing Orc Solaris-based IDeM market connection.

Orc’s testing of its Linux IDeM market connection with Borsa Italiana has been completed, making it the first ISV to provide market connectivity based on Linux in Italy. Orc will continue to support both its Solaris and Linux market connections.

“Orc Software continues to anticipate and deliver leading technology requirements for the global financial industry,” says Matteo Carcano, President Western Europe for Orc Software. “Orc’s latest Linux-based market connection for IDeM adds extra trading performance whilst reducing latency. Algorithmic traders looking for latest performance enhancing development will welcome today’s news.”

“Orc Software’s rapid response to Borsa Italiana’s recent decision to expand capabilities to Linux confirms its commitment to our markets,” says Nicolas Bertrand, Director of derivatives markets, Borsa Italiana. “With so many clients already using Orc technology solutions and the rapid growth of the IDEM, this is an important development and natural progression that provides improved efficiencies for the Italian derivatives market.”

High performance trading defines the Orc Liquidator solution; the automated trading platform that allows firms to freely define trading strategies applicable on native 100+ markets worldwide. Liquidator enables users to capture latest market opportunities with capabilities for quickly adapting strategies in response to changes in the market.

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

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

About Borsa Italiana
Borsa Italiana is the group responsible for the organisation and management of the Italian Stock Exchange. Borsa Italiana regulates, develops and manages the Italian equities markets, (MTA / MTAX and Expandi Market), the Italian Derivatives market (IDEM), the Securitised Derivatives market (SeDeX), the electronic Fixed Income market (MOT), and the Electronic Share Market (MTF) where index open-end and closed-end Funds, (ETFs - Exchange-Traded Funds) are traded.
www.borsaitaliana.it

For further information:
Annie Walsh, CMO, Orc Software, + 46 708 66 22 30
Matteo Carcano, Orc Software, +39 02 805 807 15
Luca Grassis, Borsa Italiana, +39 02 72426212