Fondsfinans selects direct market access and proprietary trading solutions from Orc Software

Fondsfinans selects direct market access and proprietary trading
solutions from Orc Software

Stockholm, SWEDEN, Thursday, 14 October 2010 - Orc Software (SSE: ORC),
a leading provider of technology and services for the global financial
industry, today announced that Fondsfinans ASA, an Oslo-based investment
firm, has selected Orc XG as their direct market access platform. In
addition, Fondsfinans will use Orc Trading for its proprietary trading
and market making operations. The order was booked in Q3, 2010, and the
contract is based on Orc's licensing subscription model.

”Fondsfinans is committed to delivering best execution to our clients,
and we trust Orc to provide the comprehensive package of tools we
require to extend this vision into the future,” said Anders Høyem, Head
of Sales, Fondsfinans ASA. “Our industry is evolving rapidly and we are
working diligently to adapt to our clients' needs, as well as regulatory
requirements. Using the Orc XG services together with the Orc Trading
solution, will help make our operations more efficient, while supporting
expansion and further development of our execution and trading
activities.”
“With Orc XG we are pleased to deliver the smart order routing and
execution capabilities Fondsfinans needs to effectively handle market
fragmentation and the unsure regulatory environment we are currently
in”, said Peter O Bäck, Vice President Sales Nordic, Orc Software.
“Since Orc XG is provided as a managed service we can also provide a
solution with low total cost of ownership. The fact that Fondsfinans
choses Orc Trading proves our ability to deliver best of breed solutions
for both trading and brokerage.” 
About Orc Software's revenue model
Standard agreements follow Orc's licensing subscription model, a
flexible approach designed to streamline the customer on boarding
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 Fondsfinans
Fondsfinans ASA is an independent investment firm, active in corporate
finance, fixed income & equity research, sales & trading. The company
was established in 1950, and is the oldest investment firm in Norway.
About Orc Software
Orc is a leading provider of technology and services for the global
financial industry. Orc delivers trading and market access solutions
used by proprietary trading and market making firms, investment banks,
hedge funds and brokerage houses worldwide.
Available as deployed software or as managed services, Orc develops and
provides the tools needed for running profitable trading or brokerage
businesses in today's competitive and ever-changing markets.
With market presence in all major global financial centers, Orc provides
sales and support services from its offices across EMEA, the Americas
and the Asia-Pacific regions. Orc Software is publicly traded on NASDAQ
OMX Stockholm (SSE: ORC).
www.orcsoftware.com (http://www.orcsoftware.com) 
For further information, please contact: 
Peter O Bäck, Vice President Sales Nordic Region, Orc Software, Tel. +46
739 01 02 04    
Christine Blinke, VP Marketing and Investor Relations, Orc Software,
Tel. + 46 739 01 02 01
Anders Høyem, Head of Sales, Fondsfinans ASA, Tel. +47 23 11 30 64