Brazilian Broker Liquidez Selects Orc for Trading and Connectivity Solutions

Brazilian Broker Liquidez Selects Orc for Trading and Connectivity Solutions

São Paulo & New York - Monday, September 22, 2008 - Orc Software (SSE: ORC), the
leading global provider of technology for advanced derivatives trading and
connectivity, today announced that Liquidez, one of Brazil's largest futures
brokers, has selected Orc's trading and connectivity solutions to connect
customers to local markets.  This deal was booked Q2 2008.

Liquidez will use Orc Trader and Orc CameronFIX to directly trade the BM&F,
Brazil's derivatives exchange.  In addition, Orc CameronFIX will allow Liquidez
to receive customer order flow from customers in Brazil and around the world and
direct this order flow to BM&F.  

BM&F, the fourth largest derivatives exchange in the world, earlier this year
announced their intention to launch a direct market access (DMA) initiative
based on the FIX protocol standard.

“As BM&F moved towards offering FIX based market connectivity, we knew that we
needed to act quickly to allow our customers to take advantage of this direct
market access,” notes Ernesto Pinto of Liquidez.  “We have grown to be one of
Brazil's largest futures brokers by implementing the services and technology
that our customers demand.  By choosing Orc for our trading and connectivity
solutions, we believe we will be able to continue to serve our customers well in
trading the Brazilian markets.  In addition, with Orc CameronFIX, we have the
flexibility to allow our customers to trade on markets outside of Brazil based
on their demands and requirements.”

“We are happy to have Liquidez join our growing Brazilian client base,” says
Steve Lukes, VP of Americas Sales for Orc Software.  “Liquidez is on the
fore-front of the Brazilian market and represents the new wave of firms that are
deploying our advanced derivatives trading and connectivity solutions to meet
the new market dynamics in Brazil.”

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.

The world's leading banking and financial firms rely on the high performance
trading capabilities of the Orc CameronFIX - the only globally proven FIX
platform for brokers, fund managers, exchanges and software vendors across the
securities, investment, banking and finance industries.

Liquidez will be hosting an event titled “Brazil 2008 - 2009: Strengths and
Vulnerabilities” on September 24 at the Rainbow Room by Cipriani in New York. 
For more information contact marketing@liquidez.com.br. 

Orc Software will be hosting the Orc Algorithmic Trading Seminar in San
Francisco on September 30.  Orc will next be exhibiting at the Hedge Funds World
LatAm 2008 conference at the Four Seasons Hotel in Miami on October 6 - 8.

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 Liquidez
Liquidez is one of the most active players at the BM&F (Brazilian Mercantile &
Futures Exchange). It has strict ethical guidelines and it is absolutely focused
on results and agility in its operations, making it one of the safest
alternatives in the financial market.

Totally focused on satisfing its clients, like national and international Banks,
Investments Funds and Asset Managers, Liquidez has always followed the formula:
investment and credibility, in order to grow in the fast expanding Brazilian
market.

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


Editorial Contacts

Barry Vasudevan
Marketing Director, Americas
Orc Software
barry.vasudevan@orcsoftware.com
+1 (212) 792-5487