Orc DMA technology powers leading securities firm GMSH in Derivatives market heavyweight, Korea

Orc DMA technology powers leading securities firm GMSH in Derivatives market
heavyweight, Korea

Hong Kong - Tuesday 3 June 2008 - Orc Software (SSE: ORC), the leading global
provider of technology for advanced derivatives trading and connectivity, today
announced one of the top 5 securities firms in the Korean financial industry,
Good Morning Shinhan Securities (GMSH), has selected Orc Liquidity Access to
provide their high-end professional customers with the Direct Market Access
tools for fast, reliable access to the local Korean market.  

Orc's market connectivity to the Kospi200 Futures and Options and KRX cash
market enables GMSH to facilitate the trading of Orc's worldwide algorithmic
customer base for their high volume, high performance trading needs. 
In recent years trading activity on the local Korean market has become a
phenomenon in the world of equity derivatives. Since the xKSE launched Futures
and Options in the late 90's, volumes have increased exponentially, with the
options contract now ranking as one of the world's biggest listed derivatives,
measured in terms of both volume and value. Foreign investors, including the
proprietary trading desks of large European and U.S. investment banks along with
U.S. options market makers, continue to increase their presence in the Korean
Futures and Options markets. 
The deal with GMSH, booked commercially end 07, is another solid market
endorsement for the greater benefits of Orc technology when it comes to
fundamentals like direct market access and algorithmic trading, especially when
undertaking complex trading strategies such as volatility trading, futures
spreading, warrants market making, and smart hedging.

“GMSH is committed to providing its customers with innovative technology and
services for creating even greater profitability,” says Alex Lee, GMSH General
Manager DMA Equities & Futures / Options. “We are very pleased to be able offer
our customers DMA to the Kospi200 Futures and Options and KRX cash market via
Orc Software's interface. The solution allows us to facilitate the trading of
Orc's algorithmic customer base for their high volume, high performance trading
needs.”

“Korea is a very important market for Orc Software and we are pleased to be
working with the major industry leader Good Morning Shinhan Securities to
provide clients with the direct market access tools for fast, reliable local
market access,” says Dennis Chen, Sales Director, Asia Pacific, Orc Software. 

Orc Liquidity Access provides traders with the complete solution for fast,
reliable access to derivatives and cash markets globally, enabling access to
100+ low latency markets via membership, and for exchange non-members, reliable
connectivity to 90+ markets worldwide.

Orc Software is today exhibiting at the FPL's 6th Asia Pacific Trading Summit in
Hong Kong, and will next be exhibiting in Asia at Funds World Taiwan and Hedge
Funds World Asia (Hong Kong).

About Orc Software's revenue model
This agreement follows Orc's licensing subscription model to give customers
access to the software, new versions and support as long as the agreement is
valid. Customers are invoiced quarterly in advance and revenue allocated to the
invoicing period.

About ORC Software
Orc Software (SSE: ORC) is the leading global provider of powerful solutions for
the worldwide financial industry in the critical areas of advanced derivatives
trading and low latency connectivity. Orc's competitive edge lies in its depth
of knowledge of the derivatives trading world gained by deploying advanced
solutions for sophisticated traders for over 20 years.

Orc Trading and Orc Connect provide the tools for making the best trading and
connectivity decisions… strong analytics, unmatched market access, powerful
automated trading functionality, high performance futures and options trading
capabilities, ultra-low latency, and risk management.

Orc's customers include leading investment banks, trading and market-making
firms, exchanges, brokerage houses, institutional investors and hedge funds. 

Orc provides timely sales and quality support services from its offices across
Asia Pacific, EMEA and the  Americas.
www.orcsoftware.com

For further information contact: 
Annie Walsh, CMO, Orc Software, +44.20.7942.0950
Dennis Chen, Sales Director, APAC, Orc Software, +852.2167.1955