DragonBack selects Orc for volatility trading on Asian markets

DragonBack selects Orc for volatility trading on Asian markets

For Immediate Release: Hong Kong, Sydney and Tokyo - Monday, July 25,
2011 - Orc Group AB (SSE: ORC), a leading provider of technology and
services for the global financial industry, today announced that the
Hong Kong based fund manager DragonBack Capital has deployed an Orc
Trading solution to support their trading needs in their new Asia
volatility strategy, the Sharp Peak Vega Fund. The order was booked in
Q2, 2011, and the contract is based on Orc's licensing subscription
model.

“When evaluating trading software, we were looking for a solution that
met our advanced execution needs and provided us with excellent
volatility and risk management tools. Orc's solution combined with their
extensive broker coverage has given us that,” says JG Renard, CIO for
the new fund. “Orc's proven technology gives us the reach across the
Asian Markets that we were looking for and provides a platform we can
scale our business from.”

“We are really pleased that DragonBack have selected an Orc solution to
facilitate their trading across Asia,” says Grant Wilson, Regional Sales
Manager, APAC, Orc. “DragonBack's choice is further endorsement of Orc's
position as a leading provider of advanced trading solutions in the
region.”

The Orc Trading solutions are used by leading financial firms worldwide
for market making, volatility trading and high-frequency trading.
Together with access to all major cash and derivatives markets and a
network of brokers, this is truly an unmatched offering. Orc Trading is
available both as deployed software and as a managed service.

About Orc Group 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 DragonBack Capital
DragonBack provides their Managers an all encompassing support
infrastructure backed by a 12 person team based in Hong Kong. Their
established SFC regulated (Type 9) Asset Management license enables
DragonBack to independently control risk of each underlying fund,
provide senior management and marketing representation, full operational
support, compliance, a dedicated I.T. suite including BCP and floor
space.

About Orc
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
andthe Asia-Pacific regions.

Orc Group AB is publicly traded on NASDAQ OMX Stockholm (SSE: ORC).
www.orc-group.com

For further information, please contact:
Grant Wilson, Regional Sales Manager, APAC, Orc, Tel: +852-2167-1916,
grant.wilson@orc-group.com
Agnes Wong, Senior Marketing Manager, APAC, Orc Group, Tel:
+852-2167-1986,
agnes.wong@orc-group.com