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Orc adds strategic partner for Gulf region

Orc Software (SSE: ORC), the leading global provider of technology for advanced derivatives trading and connectivity solutions, today announced a comprehensive reseller agreement with ABANA Enterprises Group Co., a leading hi-tech solution provider for financial and telecom sectors based in Riyadh, Saudi Arabia, and with offices across the Gulf (GCC) region.

The agreement enables ABANA to resell Orc’s full range of products and solutions for advanced electronic trading and connectivity, and to provide additional services and support to local customers in Saudi Arabia, UAE, Kuwait and Qatar.

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.

Orc Trading is used by leading financial firms worldwide for enhanced trading for electronically traded derivatives. It encompasses both screen-based trading and algorithmic trading for firms to trade any listed instrument, across all asset classes, on 100+ markets.

“Orc Software is a world-leading software supplier to the global financial markets, and we see a great need for their state-of-the-art electronic trading solutions in our region,” said Tanveer Ahmed Ansari, Director of Production with ABANA Enterprises Group Co. “Orc delivers advanced trading and connectivity capabilities that can readily be deployed for creating competitive advantage by our customers and prospects.”

”By teaming up with ABANA, we greatly enhance our opportunities by offering strategic technology for electronic trading to financial markets in the dynamic GCC region” said Anders Henriksson, President Benelux, Central and Eastern Europe, Orc Software. ”ABANA has the local expertise and market presence we require, and their contributions will be a welcome addition to our current sales and marketing activities in the Middle East.”