Delta Neutral International utilizes Orc's Algorithmic Trading Solution to Capture Significant Market Potential in Asia

Delta Neutral International utilizes Orc's Algorithmic Trading Solution to
Capture Significant Market Potential in Asia

For immediate release: Hong Kong & Sydney - Monday, 2 February 2009 - Orc
Software (SSE: ORC), the leading global provider of technology for advanced
derivatives trading and connectivity solutions, today announced that the New
Zealand-based regional proprietary trading firm Delta Neutral International is
using Orc's Algorithmic Trading solution to enhance its advanced trading
capabilities.

Delta Neutral International is a proprietary trading firm with key business
focus on derivatives market making and statistical arbitrage trading in major
Asian markets.

“Orc Software is pleased to be working with Delta Neutral International to
provide advanced algorithmic capabilities to accelerate its business,” says
Dennis Chen, Sales Director, Orc Software, Asia Pacific. “Buy-side firms are
increasingly realizing the powerful features and functionalities of Orc's
Algorithmic Trading solutions. When coupled with our extensive market
connectivity and co-hosted by brokers around the region, the full solution
offers the great performance and time-to-market that is critical to the needs of
arbitrage traders.”

“To capture the significant market potential in Korea, we need to enhance our
business capabilities with a powerful derivatives trading system. Utilizing
Orc's Algorithmic Trading solution, we can now build and quickly deploy our
latency-sensitive, complex trading strategies in the market, and as a result add
value for our investors,” says William Yi Zhu, Chief Executive Officer, Delta
Neutral International.

Orc Algorithmic Trading, the multi-threaded, server-based algorithmic trading
solution capable of running thousands of complex trading strategies
simultaneously, is available on the Orc Trading platform. Orc Trading is used by
financial firms worldwide for enhanced trading, pricing and risk management on
electronically traded derivatives.

Orc Algorithmic Trading technology tools include Orc Liquidator and Orc
Liquidity Access. 

The deal was booked in Q4 2008.

About Orc Software's revenue model 
This agreement follows Orc's licensing subscription model to give customers
access to 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 Delta Neutral International 
Delta Neutral International Ltd. (DNI) is a proprietary trading firm
headquartered in Auckland, New Zealand. Its business focus is derivatives market
making and statistical arbitrage trading among all major Asian markets. As
market makers they seek to provide liquidity in derivative markets, and actively
participate in arbitrage opportunities among correlated products. The core
business is its technology, proprietary trading algorithms, efficient data
dissemination and expert personnel.

Delta Neutral believes that the growth of electronic trading is still in its
infancy and that it will continue exponentially for some time. Their intent is
to grow by leveraging its experience and expertise in algorithmic, statistical
arbitrage trading. Delta Neutral is well positioned regardless of how the market
transformation continues due to its unique expertise in Asian electronically
traded markets.

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 21+ years. 

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

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

Orc provides sales and quality support services from its offices across Asia
Pacific, EMEA and Americas.

www.orcsoftware.com 

For further information: 

Dennis Chen, Sales Director, Orc Software, Asia Pacific, +852-2167-1955,
dennis.chen@orcsoftware.com
Agnes Wong, Senior Marketing Manager, Orc Software, Asia Pacific,
+852-2167-1986, agnes.wong@orcsoftware.com

William Yi Zhu, Chief Executive, Delta Neutral International, +64-9-275-5385,
william.yizhu@dneutral.com