Sallerson-Troob deploys new Orc Software trading functionality for volatility trading

Sallerson-Troob deploys new Orc Software trading functionality for
volatility trading

Chicago, Tuesday, June 22, 2010 - Orc Software (SSE: ORC), the leading
global provider of technology for advanced trading and connectivity
solutions, announces that Chicago-based trading firm Sallerson-Troob LLC
“Sallerson-Troob” has deployed Orc Trading as a volatility trading
solution for the firm. The order was booked in Q1 2010, and the contract
is based on Orc's licensing subscription model.

 Sallerson-Troob is taking advantage of new functionality from Orc
Software that allows traders to quickly fit volatility curves during the
trading day. Managing volatility during the trading day can be time
consuming and difficult. Orc Trading now allows users to access the full
richness of Orc's volatility management capabilities to automatically
fit volatility curves for multiple instruments with a single click,
letting the trader focus on identifying trading opportunities and
reducing the time spent on ancillary tasks. This allows traders to scale
their business to more instruments in more markets.

Alan Sartin, Member at Sallerson-Troob, comments, “We used to spend half
of our time working with a trading system and fitting volatilities. With
Orc Trading, we're now able to do that in one click. Orc Software lets
us increase our trading, find more opportunities, and ultimately make
more and better trades. This functionality, combined with Orc's
excellent support and market reach, will help us remain competitive in
the options market. Sallerson-Troob is actively seeking new traders and
they'll be able to take advantage of Orc Trading from day one.”

Akira Yamaguchi, Product Manager at Orc Software, notes, “Our new
volatility curve fitting functionality will help traders, like those at
Sallerson-Troob, maximize opportunities. Being able to manage more
options and spot more opportunities with the trust that your
volatilities are good is essential for today's options traders. Traders
earn their livings capitalizing on opportunities and refining their
market views. A trader's tools should be an enabler and not an
obstacle.”

“Sallerson-Troob's deployment of Orc Trading represents our continued
growth in the US,” says Marty Leamy, President Americas, Orc Software.
“Proprietary traders are looking for new tools to gain an edge and Orc
is delighted to provide this functionality to new and existing customers
alike.”

Orc Trading is used by leading financial firms worldwide for enhanced,
trading and risk management on electronically traded derivatives. Orc
Trading provides the competitive edge to trade from a single platform,
on any listed instrument, across all asset classes, on 100+ markets. Orc
Trading comprises market leading solutions including among others Orc
Trading for Algorithmic Trading, Orc Trading for Arbitrage, Orc Trading
for Market Making, Orc Trading for Risk Management and Orc Trading for
Volatility Trading.

 

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 Orc Software
Orc Software is the leading global provider of technology and services
for advanced trading in financial instruments. Orc's competitive edge
lies in its depth of knowledge of the trading world, gained by
deploying sophisticated trading solutions for over 20 years.

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

Through the acquisition of Neonet, Orc also delivers neutral, high speed
brokerage services to professional market participants, with clients in
over 20 countries globally.

With subsidiary CameronTec, Orc is the leading provider of FIX
infrastructure and low latency connectivity.

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.

Orc Software is listed on NASDAQ OMX Stockholm (SSE: ORC).

www.orcsoftware.com (http://www.orcsoftware.com)

 

About Sallerson-Troob
Alan Sartin manages traders employing specialized trading strategies
within Sallerson-Troob. His research has led him to choose Orc as his
preferred software partner in the use of all volatility trading.

 

For further information:
Barry Vasudevan, Marketing Director - Americas, Orc Software, +1 212 351
7624, barry.vasudevan@orcsoftware.com (barry.vasudevan@orcsoftware.com)

Alan Sartin, Member, Sallerson-Troob, +1 312 362 4080, asartin@stllc.com