Centrosim Utilizes Orc Technology for Automated Trading and Risk Management

Milan, Italy - 5 March 2008

Orc Software (SSE: ORC), the leading global provider of technology for advanced derivatives trading and connectivity solutions, today announced Italian investment firm and established Orc Software customer, Centrosim, is utilizing Orc technology for its single platform, automated trading and risk management solution.

Centrosim is utilizing Orc Trading technology tools including Orc Trader and via Orc Connect, market connections for the Italian Derivatives Market (IDEM), Italian Stock Exchange (MTA), Securitised Derivatives Exchange (SeDeX), and the Mercato Alternativo del Capitale (MAC). Plans are also underway for non-membership market access via Orc Connect to SEB for the major European and North American financial markets (Euronext.liffe, Eurex and CME-CBOT).

“Orc Software provides the powerful and reliable trading, risk management and market access infrastructure to drive our business forward,” says Mr Enrico Rugo, Head of Operations Direction at Centrosim. “Over time Orc has satisfied our demands and proven the trading and risk management capabilities of the Orc Trader solution. Through Orc Connect we will now leverage a liquidity access solution that delivers all the benefits of fast, reliable connectivity for non-market-members.”

"We are pleased Centrosim continues to utilize Orc Trader for pricing and quoting sophisticated products," says Matteo Carcano, Orc Software’s President for Western Europe. "Orc Trading meets the highest market demands for pricing and risk management on electronically traded derivatives, while providing competitive edge to trade from a single platform, on any listed instrument, cross-asset class, on 100+ markets.”

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development