Orc Software signs partner agreement with Lakeview
Stockholm, SWEDEN, Monday May 11, 2009 – Orc Software (SSE: ORC), the leading global provider of technology for advanced trading and connectivity, today announced a new independent service partner agreement with Lakeview Capital Market Service GmbH, an investment, technology and consulting provider, based in Starnberg, Germany.
According to the partner agreement, Lakeview will provide services and solutions based on Orc products to customers in the UK, Switzerland, Germany, Austria, Benelux, France and Italy. Lakeview’s offering will typically include customization, integration; upgrades, as well as technical and business support of Orc-based solutions. The agreement is not limited to specific products, but will include Orc Trader and Orc Liquidator products.
“Orc is the ideal partner to support our plans for expaning our state of the art trading solutions offering,” said Peter van Kleef, Managing Director, Lakeview Capital. “By combining successful investment strategies with industry-leading trading technology, this broader offering should be very attractive to our clients.”
“Peter van Kleef of Lakeview is widely recognized as a leading authority on algorithmic trading, based both on his solid experience and a deep theoretical knowledge of this field,” said Andrea Beste, Sales Director, Germany and Switzerland. “We have cooperated successfully with Lakeview on various events in the past, and we really look forward to taking this several steps further by their joining our Orc Vantage partner program.”
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.
About Lakeview
Lakeview Capital Market Services (LCMS) provides a wide range of services designed to make its customers more successful in the global financial markets. Its senior partners have built many financial markets businesses from scratch, and are able to guide customers from their first steps to the last tweaks for their most sophisticated strategies and infrastructure issues.
Key areas of Lakeviews business are Investment & Technology Services, Training & Consulting as well as Platforms and Networks. Lakeview is an expert in building and implementing highly sophisticated trading and risk management infrastructure for cash and derivatives, as well as the supporting models and algorithms.
Many of the highest frequency and lowest latency players in the global cash and derivatives markets are currently taking advantage of the unique outsourcing opportunities for core business competencies that Lakeview offers. Services range from intermediation and consulting services to hands on support for customers, helping them to solve their most challenging issues. Lakeview places a high value on the sustainability and adaptability of services and solutions that it provides to its customers. Lakeview Capital Market Services is actively seeking long term partnerships with its clients and always puts its customers interests first. All products are developed with the clients needs in mind. Lakeview is here to make its customers successful.
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:
Peter van Kleef, Managing Director, Lakeview Capital Market Service, Tel. ++49 176 2325 5279
Andrea Beste, Sales Director, Germany and Switzerland, Orc Software. Tel. +49 173 3092 392
Christine Blinke, Investor Relations and Marketing Director, Orc Software, Tel. + 46 739 01 02 01
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