Oyens & Van Eeghen selects Orc Software’s advanced connectivity solution
Amsterdam, NL – Monday, September 24, 2007 - Orc Software (SSE: ORC), the leading global provider of technology for advanced derivatives trading and connectivity, today announced that Oyens & Van Eeghen, the market-leading Dutch wholesale derivatives broker, has selected Orc Software for its electronic brokerage solution.
"We look forward to working with Orc Software to provide our customers with added market advantage," says Marco Buishand, Oyens & Van Eeghen. "Some of the market’s most advanced trading enhancements are developed by Orc Software. We are confident Orc’s connectivity solution will provide us with the additional brokerage capabilities, as well as the extensive order management functionality we require."
"Orc Software is pleased to be working with Oyens & Van Eeghen to provide a proven, solid connectivity platform to accelerate their derivatives brokerage business," says Anders Henriksson, President Benelux, Central and Eastern Europe, Orc Software. "Today’s announcement further demonstrates Orc’s market leading position in providing advanced trading solutions to the worldwide financial markets."
Fully customizable, Orc Broker provides extensive order management functionality with support for a large number of order types applicable for derivatives brokerage. Electronic order flow can be fed to the desk via the Orc or FIX Protocols, and can be connected to other trading applications integrated with the Orc solution. Orders can be sent to sales traders for manual execution or internal crossing, or alternately transferred directly to the desired market place, resulting in a flexible and easy to expand solution that grows with customer and market demands.
Orc Software is next exhibiting at The Screen Event at the NH Grand Hotel Krasnapolsky, Amsterdam, 27 September.
About Orc Software’s revenue model
This agreement follows Orc’s licensing subscription model to give customers access to the software, new versions and support as long as the agreement is valid. Customers are invoiced quarterly in advance and revenue allocated to the invoicing period.
About Orc Software
Orc Software (SSE: ORC) is a leading global provider of technology for advanced trading, market making and brokerage. Celebrating 20 years in 2007, Orc provides solutions and services to its 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. www.orcsoftware.com.
Contact:
Anders Henriksson, President Benelux, Central and Eastern Europe
E-Mail: anders.henriksson@orcsoftware.com, Tel: +43 6767 215 116
Christopher Lederer, Sales Manager, Benelux
E-Mail: christopher.lederer@orcsoftware.com, Tel: +49 1722 555 908
Christine Blinke, Investor Communications & Marketing Director
E-Mail: christine.blinke@orcsoftware.com, Tel: +46 8 407 38 21