ORC Software AB

Nordea integrates to Orc ExNet using CameronFIX

Pressmeddelande   •   Feb 05, 2007 13:00 CET

Nordea to offer FX execution on Orc ExNet utilizing the leading FIX protocol solution, CameronFIX

STOCKHOLM & LONDON: Monday February 5, 2007 – Orc Software (SSE: ORC), the leading global provider of technology for advanced trading, market making and brokerage, today announced Nordea, the foremost financial services group in the Nordic and Baltic Sea region, will offer FX execution on the Orc ExNet to ExNet participants, commencing Q1. Nordea will use CameronFIX to establish FIX connectivity including executable streaming rates to customers via ExNet as well as other ECN's, multiportals, treasury systems and market places.

Orc ExNet provides fund managers with non-membership access to all major liquidity pools, including official exchanges and ECNs. CameronFIX is the globally proven FIX connectivity solution used by the leading financial institutions.

“We are pleased to work with Orc Software to broaden our execution services towards ExNet participants,” said Kenneth Steengaard, Head of Nordea e- Markets. “In an increasingly fragmented FX market it is important for Nordea to connect to a variety of execution venues and we look forward to growing our business through this partnership. We have chosen CameronFIX due to its market leading position and we are confident that CameronFIX will provide us with the operational stability and the scalability we are looking for.”

“Orc Software is pleased to be working alongside Nordea to provide leading edge trading enhancements to help grow their business,” says Joackim Lantz, Managing Director Sales Nordic, Orc Software. “Today’s announcement further demonstrates Orc’s market leading technology and its ability to deliver trading enhancements that place customers, such as Nordea, in a number one market position.”

Orc Software is next exhibiting at Trade Tech Fixed Income Conference in New York, February 5 – 7, and the SIFMA Fixed Income Conference in London, February 6 -7.

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 14 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.

Latest Orc trading technology news

Orc Software recently announced the release of the latest version Orc Trader and Orc Liquidator, Version 6.1. Release highlights include new volatility API and models, new market connections, transaction analytics & reporting, click trading enhancements, as well as further improvements enabling high performance DMA to global markets. New functionality can be utilized across all asset classes and products (equities, FX, fixed income, commodities, cash, futures, options) and to 100+ markets that Orc directly connects to.

Orc Software has offices in Chicago, New York, Toronto, London, Stockholm, Frankfurt, Milan, Vienna, Zurich, St. Petersburg, Moscow, Tokyo, Hong Kong and Sydney.


About Nordea

Nordea is the leading financial services group in the Nordic and Baltic Sea region, making it possible for our customers to reach their goals by providing a wide range of products, services and solutions within banking, asset management and insurance. Nordea has around 10 million customers, more than 1,100 branch offices and a leading net banking position with 4.6 million e-customers. The Nordea share is listed on the stock exchanges in Stockholm, Helsinki and Copenhagen.


For further information:
Annie Walsh, CMO, Orc Software, + 46 708 66 22 30
Joackim Lantz, Orc Software, + 46 8 407 3819
Kenneth Steengaard, Nordea, + 45 40 84 25 67