Trading Technologies and Orc Software to deliver expanded exchange connectivity to the futures industry

1 November 2005 – Orc Software and Trading Technologies International, Inc. (TT) today announced an agreement where TT’s front-end trading system, X_TRADER, will be connected with Orc Software’s extensive exchange connectivity. Orc Software (SSE: ORC) is a leading provider of advanced technology for trading, market making and brokerage. TT develops high-performance trading software for derivatives professionals, including the world's premier exchanges, money-center banks, proprietary traders, hedge fund traders, securities brokers, FCMs and other trading institutions. Highlights of the agreement: • TT’s front-end trading system, X_TRADER, will be connected to Orc Software’s extensive exchange infrastructure in order to offer more than 100 market connections through the leading trading screen in the futures industry. • TT and Orc Software will jointly market the new solution to TT’s existing customer base and prospective customers. Harris Brumfield, CEO, TT says: “TT’s customers are looking forward to utilizing TT’s X_TRADER software to trade on the expansive list of new exchanges now available through Orc.” Jonas Lindström, CEO, Orc Software, adds: “We aim to provide the best market access and this agreement reflects our strategy to leverage Orc Software’s market connectivity. We believe that this cooperation will generate business opportunities for both companies and create an attractive solution for customers.” TT and Orc Software have also come to a mutual multi-year agreement regarding present and future patents. The agreement resolves all patent issues between the companies and will take effect upon the entry of a Consent Judgment by the Federal Court in Chicago regarding TT’s existing MD Trader™ patents. The patent agreement will have no financial impact on either party. For more information, contact: Jonas Lindström, CEO Orc Software +46 8 407 38 35 Susanne Holmlund, Investor Relations, Orc Software +46 8 407 38 50 Drew Mauck, Strategics (for TT), +1 312 346 2005, dmauck@strategicsinc.com About Orc Software Orc Software provides advanced technology for trading, market making and brokerage. Its sophisticated platform offers connectivity to over 100 markets across multiple asset classes. With Orc technology, customers can find more trading opportunities, develop more complex trading strategies and deliver higher profits on each trade. More than 200 customers in 23 countries rely on Orc Software, including investment banks, trading and market making firms, brokerage houses, institutional investors and hedge funds. Founded in 1987 and headquartered in Stockholm, Orc Software has over 190 employees across 14 offices in 12 countries and is listed on the Stockholmsbörsen (SSE: ORC). In 2004, the company's total revenues were SEK 247 million with an operating income of SEK 30 million. www.orcsoftware.com About Trading Technologies Trading Technologies (www.tradingtechnologies.com) develops high-performance trading software for derivatives professionals, including the world’s premier exchanges, money-center banks, proprietary traders, securities brokers, Futures Commission Merchants (FCMs), hedge funds and other trading institutions. The company’s software and services provide direct access to the world’s major derivatives exchanges. Headquartered in Chicago, Trading Technologies maintains a worldwide presence with offices in New York, London, Frankfurt, Sydney and Tokyo. In 2004, Trading Technologies was named the best technology company to work for in Chicago by Chicago magazine and ranked third among all Chicago area employers.