STOCKHOLM, Sweden, Feb. 01, 2005 (PRIMEZONE) -- Orc Software has entered into an agreement with Troika Dialog, a Russian investment bank that will use the Orc System for pricing, electronic trading and risk management for derivatives trading in Russia. The order is a break-through for Orc Software as the Russian market is just beginning to seriously use derivatives trading and more sophisticated trading tools.
"Russia has a financial market that is currently in an interesting development phase. It is therefore a pleasure to note that we have entered this market. A long-term investment, in terms of development, education and active commitment are now also starting to show concrete results in terms of sales. Orc Software has existed in Russia for more than ten years. We have now a unique position for participating in the continued development of this market," says Jonas Lindstrom, CEO, Orc Software.
For more information: Susanne Holmlund, Investor Relations, +46 8 407 38 50
Orc Software provides technology for advanced market making, trading and brokerage. Orc Software's technology is used in 20 countries and allows users to access more than 80 exchanges. 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 2004, the company's total revenue amounted to SEK 247 million with an operating income of SEK 29 million.
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