Orc Software adds Strategic Partner in New Zealand and Australia

16 December 2008

Orc Software (SSE: ORC), the leading global provider of technology for advanced derivatives trading and connectivity solutions, today announced a reseller agreement with New Zealand-based financial services solutions provider Chelmer.

Chelmer has provided trading systems, software development, consultancy and support services to the New Zealand and Australia financial services community since 1988.

The partner agreement enables Chelmer to resell the Orc CameronFIX solution and to provide additional consultancy services and support to customers in New Zealand and Australia.

CameronFIX is the high performance, low-latency FIX Protocol solution used by leading global Sell-side and Buy-side firms for messaging, order routing and market data alike. FIX is no longer just a means of enabling out-of-the-box connectivity; instead it should provide the best of both worlds in terms of standardization and performance.

“One of Orc’s key global business strategies is to partner with reputable regional financial solution providers to further facilitate the continued geographical uptake of Orc’s solutions, ”says Greg Chambers, President, Orc Software, Asia Pacific. “We welcome New Zealand firm Chelmer to the Orc partner program, confident they will provide quality additional services and support for our shared customers in the region.”

“Orc Software has an excellent market reputation for providing optimized, robust FIX connectivity,” says Andy Robertson, Managing Director, Chelmer. “Partnering with Orc provides Chelmer with an advanced FIX gateway and monitoring together with the expertise that many industry participants require. The open technology standards used by Orc CameronFIX is consistent with our own and enables us to build our own applications on top of Orc’s best-in-class order routing for back office trade handling and settlements. We look forward to a mutually beneficial partnership that will produce valuable business benefits and operational enhancements for our customers in New Zealand and Australia.”

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