STOCKHOLM, Sweden, Dec. 3, 2004 (PRIMEZONE) -- Orc Software, leading provider of technology for advanced market making, trading and brokerage, announces that Interactive Brokers is the latest high profiled partner to be added to the Orc ExNet network. Orc Software's clients will from today be able to trade on all the leading derivatives exchanges provided by Interactive Brokers in the U.S., including American Stock Exchange (AMEX), Chicago Board Options Exchange (CBOE), Chicago Board of Trade (CBoT), Chicago Mercantile Exchange (CME), International Securities Exchange (ISE), NQLX, One Chicago and Philadelphia Stock Exchange (PHLX) without the need for exchange membership.
"Our mutual clients can now make use of Orc Software's exceptional ISV technology and our Smart Order Routing, so they can minimize their costs, to trade global markets", says Gerald Perez, Head of Institutional Services, Interactive Brokers.
"Driven by the demand from our customers we are pleased to be able to offer access to the excellent network of derivatives exchanges in the U.S. provided by Interactive Brokers. This agreement further strengthens the offering from Orc ExNet", says Thomas Gidlund, Product Manager Orc ExNet.
For more information: Anders Fogel, Head of Corporate Affairs, Orc Software: +44 20 7942 0950 Thomas Gidlund, Product Manager, Orc ExNet, +46 8 407 38 00 Gerald Perez, Head of Institutional Services, Interactive Brokers: +44 20 7283 5090 John Seeberg, US Sales Representative, Interactive Brokers: +1 203 618 5991
About Interactive Brokers - www.interactivebrokers.com
Interactive Brokers is a leading low-cost, direct-access broker-dealer, which provides access to 50 markets in 13 different countries. Through IB's professional gateway clients can trade options, futures, equities, warrants, ETF's and FX. With $1.6 billion in capital, IB and its Group affiliates are ranked by Institutional Investor as the 20th largest U.S. securities firm. And is regulated and authorized by the Financial Services Authority.
About Orc Software - www.orcsoftware.com
Orc Software provides technology for advanced market making, trading and brokerage. The Orc Technology is used in 20 countries and allows users to access more than 80 markets. The company is listed at Stockholmsborsen and has operations in Chicago, Frankfurt, Hong Kong, London, Milan, Moscow, New York, Stockholm, St Petersburg, Sydney, Tokyo, Toronto, Vienna and Zurich. In 2003, the company's total revenue amounted to SEK 249 million with an operating income of SEK 74 million.
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