Eik Bank selects Orc Software for trading on NASDAQ OMX Nordic

Eik Bank selects Orc Software for trading on NASDAQ OMX Nordic

Stockholm, SWEDEN, Thursday, 2 September 2010 - Orc Software (SSE: ORC),
the leading global provider of technology and services for advanced
trading in financial instruments, today announced that Eik Bank, based
in Copenhagen, Denmark, has selected Orc Trading to support the firm's
execution and proprietary trading. The order was booked in Q2, 2010, and
the contract is based on Orc's licensing subscription model.

“Orc Software was our natural choice when moving to a platform which
enables future expansion of trading different assets all over the
world,” said Lars Thomsen, Head of Markets, Eik Bank. “We appreciate the
strengths of Orc's trading solution and their extensive market reach to
different Exchanges. This ensures that the solution we now invest in
will support the expansion of Eik Bank's operations for many years to
come.” The integration between Eik Bank's netbank solution and other
internal systems has been delivered by SDC, Scandinavian Data Center,
and the full solution is scheduled to be operational by October 2010. 
“We are proud to provide Eik Bank with a very flexible, yet robust
solution that is well proven, and we look forward to deliver tools and
services that will help develop and enhance their business further,”
said Peter O Bäck, Vice President Sales Nordic, Orc Software. “Eik's
choice also reflects that Orc continues its Nordic growth and
strengthens its presence in Denmark by providing best in class solutions
capable of fulfilling typical trading requirements on exchanges
globally.”
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 Eik Bank
Eik Banki Group is a Nordic banking group offering services to
individuals and corporate business customers primarily on the Faroe
Islands and Denmark. 

With a market share of approximately 50 percent on the Faroe Islands,
the Group's Head Office is located on the Faroe Islands where Eik Banki
is the largest financial institution and a leading full service bank,
including a branch network of 16 full service branches throughout the
islands. In Denmark, the Group offers its banking services through its
wholly owned subsidiary Eik Bank Danmark A/S (http://www.eikbank.dk/),
the largest internet bank in Denmark.

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

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/)
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
Lars Thomsen, Head of Markets, Eik Banki Group, tel +45 3373 3163