InCore Bank AG selects Orc Trading technology to renew electronic trading operations

InCore Bank AG selects Orc Trading technology to renew electronic trading
operations

Zurich, Switzerland: Thursday July 17, 2008 - Orc Software (SSE: ORC), the
leading global provider of technology for advanced derivatives trading and
connectivity solutions, today announced that InCore Bank AG has selected Orc to
replace key technology for its electronic trading operations. The order was
booked in Q1 2008.

InCore Bank AG offers comprehensive banking and financial trading services for
other banks and securities dealers, including acting as market makers and
proprietary traders. The services are based on a state-of-the-art technology
platform with connections to a sizable network of Swiss and international
trading centers. As a first step, Orc Trading technology will be deployed by
InCore Bank AG to replace the existing exchange front-end solution for SWX and
SWX Europe market access. 

“We have thoroughly evaluated several trading systems providers and chose to go
with Orc Trading for its combination of speed and stability,” said Thomas
Kurzen, Head Trading Technology at InCore Bank AG. “We also appreciate the high
quality of Orc's supporting organization and the great potential for growth
offered by Orc's open architecture.” 

While the new trading solution is initially intended for proprietary trading
only, InCore Bank AG plans to add new functionality, such as Orc Broker for its
sales desk operations. Other future opportunities investigated by InCore Bank AG
include using extended connectivity for incoming and outgoing order flow with
access to multiple international markets, as offered by the Orc Connect
framework. 

“We look forward to working with InCore Bank AG to enhance their electronic
trading services,” said Anders Henriksson, President Benelux, Central and
Eastern Europe with Orc Software.” InCore Bank AG has a firm commitment to using
leading-edge trading technology to provide superior services to their clients.
Their choice of Orc Trading, made after careful study of Orc and other
suppliers, greatly testifies to the strength of our offering.”

Orc Trading provides the competitive edge to trade from a single platform
capable of running thousands of complex trading strategies simultaneously. Orc
Trading is used by financial firms worldwide for enhanced trading, pricing and
risk management on electronically traded derivatives.

Orc Software is next exhibiting at Screen Events in Amsterdam, September 25. For
more information refer the events section of the Orc Software website.

About Orc Software's revenue model
Standard agreements follow Orc's licensing subscription model, a flexible
approach designed to streamline the customer onboarding process and provide ease
of access to software updates, together with a mature support framework.
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
EMEA, Americas and Asia Pacific. 

www.orcsoftware.com

About InCore Bank AG
As the first independent Swiss corporation with a banking and securities dealer
license, the InCore Bank AG offers comprehensive banking services for other
banks and securities dealers. In addition to providing securities trading,
processing and completition of securities transactions and custody (incl.
corporate actions), payment services and information regarding reporting to
authorities and customers, the InCore Bank AG is also operating and servicing
the entire IT infrastrucutre. The ultramodern technology platform of the InCore
Bank AG with its high interface compatibility and connection to a sizable
network of Swiss and international trading centres forms the basis of its broad
service offer. InCore Bank AG is a wholly-owned subsidiary of the Maerki Baumann
Holding AG.

www.incorebank.ch

For further information:
Anders Henriksson, President Benelux, Central and Eastern Europe, Orc Software,
Tel. +43 676 721 51 16 
Christine Blinke, Investor Relations and Marketing Director, Orc Software, Tel.
+ 46 739 01 02 01
Thomas Kurzen, Head Trading Technology, InCore Bank AG, Tel. +41 44 286 24 25