Orc Software releases new Orc Spreader with greater functionality and lower latency

Orc Software releases new Orc Spreader with greater functionality and lower
latency 

Stockholm, Tuesday, May 4, 2010 - Orc Software (SSE: ORC), the leading global
provider of technology for advanced trading and connectivity solutions,
announces the latest release of Orc Spreader a specialized product for ultra-low
latency, high-frequency arbitrage and spread trading.

Orc Spreader is a server-based, arbitrage-style trading product designed for low
latency and high frequency trading. Firms use Orc Spreader for trading on
multiple markets and across multiple asset classes. The latest release of Orc
Spreader strengthens not only its performance and scalability, but also provides
more tools for automation. The key challenges addressed by Orc Spreader include:

• Latency: Orc Spreader's server-based architecture, including extremely
high-performance trading engine, can be co-located at exchanges resulting in the
lowest possible latency.
• Market Access: Orc Spreader allows firms to tap into Orc's extensive
low-latency market connectivity to over 100 markets around the world.
• Trader productivity: Orc Spreader automates more of a trader's workload with
automated trading logic. This gives traders the ability to trade more spreads
simultaneously and grow their overall trading.

“Model based trading now dominates the securities market,” notes Paul Zubulake,
Senior Analyst at Aite Group. “The top demands of the trading community include
access to global markets, multi-asset execution capability and a low latency
trading infrastructure. Momentum, correlation and multiple arbitrage trading
strategies are the most common in the listed derivative space. All of them
require stability and speed to be successful.”

“The new Orc Spreader provides the performance and functionality demanded by
today's arbitrageurs and spread traders,” says Jesper Alfredsson, VP of Product
Management at Orc Software. “Spread trading has become extremely competitive and
Orc Spreader gives traders the tools they need to increase their profitability:
ultra-low latency, multi-market and multi-asset class trading capabilities, and
the smart trading strategy needed to automate their trading.”

Orc Spreader is built on the multi-threaded, server-based algorithmic trading
engine Orc Liquidator. It includes built-in trading logic designed for
arbitrageurs and spread traders. Orc Spreader is used by latency sensitive
traders looking to gain trading advantage by reducing missed hedges and adding
products and markets to grow their business.


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

For further information:
Christine Blinke, VP of Marketing & Investor Relations, Orc Software, +46 8 506
477 00 christine.blinke@orcsoftware.com
Barry Vasudevan, Marketing Director - Americas, Orc Software, +1 212 351 7624,
barry.vasudevan@orcsoftware.com
Agnes Wong, Senior Marketing Manager - APAC, Orc Software, +852 2167 1950,
agnes.wong@orcsoftware.com