Orc Delivers Connectivity to New SIBE SMART Warrants Platform

Orc Delivers Connectivity to New SIBE SMART Warrants Platform 

Orc Software implements interface to the new technical platform adopted by the
Spanish Stock Exchange Interconnection System

Milan and Madrid, ITALY and SPAIN, Monday, February 9, 2009 - Orc Software (SSE:
ORC), the leading global provider of technology for advanced derivatives trading
and connectivity solutions, today announced SMART Warrants connectivity for
local Spanish customers and worldwide participants to the Spanish Stock Exchange
Interconnection System (SIBE). 

The new technical platform of the Spanish cash market is scheduled to go live on
February 16, 2009 and provides market participants with significant performance
enhancements and higher flexibility.

“The Spanish warrants and certificates market has reported a noteworthy increase
in the number of issues and trading volumes during the last few years; the
adoption of a more efficient technical platform is evidence that the Exchange
has decided to favor such a positive market trend,” says Pasquale Ricci, Orc
Sales Manager for Spain.” Orc is proud to announce the release of the new SIBE
SMART market interface as an active response to the financial markets technical
roadmaps.”

“Financial institutions choosing Orc market connection will not only benefit
from a fast and reliable interface but also from all the advanced trading and
risk management functionalities available in our solutions,” says Matteo
Carcano, President EMEA at Orc Software. “Our covered warrants market making
functionalities, globally proven and highly appreciated by the main European
issuers, will further contribute to the expansion of the Spanish warrants
market”. 

Orc Connect is the global financial industry's leading connectivity solution.
Orc Connect provides traders and brokers with fast, reliable access to liquidity
pools, both for market members and non-members, in the critical areas of
execution, market data and reference data.

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. It encompasses both
screen-based trading and algorithmic trading for firms to trade any listed
instrument, across all asset classes, on 100+ markets.

Orc Software is next exhibiting in Italy at the 15° AIAF ASSIOM ATIC FOREX
Congress in Milan on February 20-21.

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 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 EMEA,
Americas and Asia Pacific.

www.orcsoftware.com

For further information: 
Pasquale Ricci, Sales Manager for Spain, Tel. +39 02 805 807 16
Matteo Carcano, President EMEA, Tel. +39 02 805 807 15
Christine Blinke, Investor Relations and Marketing Director, Tel. + 46 739 01 02
01