Banca Akros selects Orc Software to provide DMA solution for the new IDEX Italian market
For immediate release: Milan, ITALY, Monday 3 November 2008: Orc Software (SSE: ORC), the leading global provider of technology for advanced derivatives trading and connectivity solutions, today announced leading Italian investment firm and established Orc Software customer, Banca Akros, has selected Orc for providing a Direct Market Access (DMA) solution for electronic trading on IDEX, the new segment of the Italian Stock Exchange’s derivatives market (IDEM) for the trading of electric energy futures contracts. Revenues will be booked as soon as Banca Akros go live with their first customer.