STOCKHOLM, Sweden, Oct. 3, 2005 (PRIMEZONE) -- Orc Software (SSE:ORC) today announced that the Orc System, a platform for advanced market making, trading and brokerage, will now be available for the Red Hat Enterprise Linux 4 operating system for AMD's Opteron(tm) processors. Orc Software will deliver support for Linux on Hewlett-Packard's HP ProLiant server systems and the Sun Microsystem's Sun Fire X4x00 series in version 5.2 of the Orc System, scheduled for release in Q4 2005.
Donna Rubin, senior director, financial services industry, Sun Microsystems, adds: "Sun is delighted to be working with Orc to offer our customers a choice of platforms, that leverage our enterprise-class AMD Opteron processor-based x64 systems. Sun's AMD x64 platform and the Orc solution are well suited to address the demand for low latency and reduced operational risk across the trading floor."
With the addition of Linux support, customers will benefit from higher and more cost efficient performance, and will have a wider choice of hardware platforms on which to run Orc Software's technology. An early version of Orc System 5.2 is available as of today to existing customers as part of a public preview release.
The Orc System is a powerful single platform for advanced market making, trading and brokerage. It is designed to handle the markets' demands, such as high trading volumes, fast execution and comprehensive risk management. The system provides direct market access to more than 100 markets around the world, including all major exchanges, ECNs and other liquidity pools.
Joakim Johansson, EvP and CTO, Orc Software, says: "We strive to offer the best performance to our customers and to make sure our technology meets market demands. We decided to support the Linux platform because of its increasing importance in the marketplace and because it will give our customers more choice, allowing them to mix and match platforms according to their requirements."
Orc Software provides advanced technology for trading, market making and brokerage. Its sophisticated platform offers connectivity to over 100 markets across multiple asset classes. With Orc technology, customers can find more trading opportunities, develop more complex trading strategies and deliver higher profits on each trade.
Approximately 200 customers in 22 countries rely on Orc Software, including investment banks, trading and market-making firms, brokerage houses, institutional investors and hedge funds.
Founded in 1987 and headquartered in Stockholm, Orc Software has over 180 employees across 14 offices in 12 countries and is listed on the Stockholmsborsen (SSE: ORC). In 2004, the company's total revenues were EUR 27 million with an operating income of EUR 3.3 million. www.orcsoftware.com.
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