News Archive

31 August 2009: Cognitive Capital deploys CameronFIX for FIX connectivity
22 June 2009: Introducing CameronFIX 6.4 for greater performance and improved performance management
16 December 2008: Orc Software adds CameronFIX Strategic Partner in New Zealand and Australia
19 November 2008: CameronFIX 6.3.1 delivers Optimized FAST and further FIX Monitoring Improvements
8 September 2008: Orc provides connectivity solutions for new DIFX trading platform
11 June 2008: Orc Software Offers Integrated FAST Solution in Latest Version CameronFIX 6.3
9 June 2008: Open Link to Distribute Orc CameronFIX
26 September 2007: ICAP Utilizes Orc Software’s CameronFIX and CameronFAST to Support FX Trading over FIX Protocol

28 June 2007: LiquidityHub Selects CameronFIX to provide FIX-enabled Fixed Income Derivatives Trading Capabilities
20 June 2007: OpenLink Selects CameronFIX for Findur Trading Application
19 June 2007: BIDS Trading Selects CameronFIX to provide FIX Connectivity for their Alternative Trading System
18 June 2007: Orc Software Releases CameronFAST for Delivering FAST-Encoded-FIX
5 February 2007: Nordea integrates to Orc ExNet using CameronFIX
5 February 2007: Exane BNP Paribas switches to Orc Software’s CameronFIX platform

Cognitive Capital deploys CameronFIX for FIX connectivity

Chicago, 31 August 2009 – Orc Software (SSE: ORC), the leading global provider of technology for advanced trading and connectivity, today announced that Cognitive Capital, a Chicago-based proprietary trading firm, has deployed Orc CameronFIX for low latency market connectivity as well as Orc Trading for Risk Management. The order was booked in Q2 2009 and the contract is based on Orc’s licensing subscription model.

Cognitive Capital is using Orc CameronFIX to support their low latency, high frequency trading strategies by providing high performance FIX connectivity between their algorithmic trading systems and various equities markets including NASDAQ and NYSE Arca Equities. Their demanding trading environment requires a robust and scalable solution that can handle a large trading volume today and grow with their business in the future. Cognitive Capital will also use Orc Trading to support their trading with position management information.

“Low latency and high performance are critical aspects of our business. Orc CameronFIX has proven to be a solution with excellent performance that will help us continue to grow our business,” notes Aaron Scamehorn, Chief Technology Officer for Cognitive Capital.

“Orc Software focuses on high-performance solutions and we are pleased that Cognitive Capital, with their demanding low-latency trading strategies, is able to meet their needs with our solutions,” comments Marty Leamy, President, Americas for Orc Software. “Firms, like Cognitive Capital, with these types of high performance trading requirements are our ‘sweet spot’, and we are happy to have them on board as a client.”

The world’s leading banking and financial firms rely on the high performance trading capabilities of Orc CameronFIX - the only globally proven FIX platform for proprietary trading firms, brokers, fund managers, exchanges and software vendors across the securities, investment, banking and finance industries.

Introducing CameronFIX 6.4 for greater performance and improved performance management

SIFMA Technology Management Conference, New York, June 22, 2009 – Orc Software (SSE: ORC), the leading global provider of technology for advanced trading and connectivity solutions, announces the release of Orc CameronFIX 6.4 which includes specific work in improving performance metrics and insight.

Orc CameronFIX 6.4 is the result of continuing work to provide clients with an array of specific tools to improve the performance of Orc CameronFIX in their unique deployments. Orc CameronFIX 6.4 delivers the following features in its performance tuning toolbox:

Faster Processing: Users can now enable a new thread model which can dramatically decrease the latency observed for each message;
Accurate Performance Investigation: Users can more effectively investigate the major contributors to overall latency thanks to granular message timestamping.
Performance management for the “Real World”: Thanks to flexible message representations, best practices guidelines and configurable core optimizations, users of Orc CameronFIX are now best equipped to address the specific performance issues of operational environments, from garbage collection spikes to optimized code-writing. More, they can even leverage the capabilities of their trading environment to further improve their performance.

Daniel Burgin, CEO of Metabit, comments, "We have been very impressed by the performance of Orc CameronFIX 6.4. In our testing, we found the new version to be an improvement over already excellent performance. It is great to see Orc continually investing in their technology to stay ahead of the pack."

Max Colas , Senior Product Manager at Orc Software, notes, “Claims of silver bullets for performance are typical of earlier generations of FIX engines but they fail to deliver outside the labs. As providers of a fourth-generation engine, we empower our users with an advanced toolbox of very specific tools to finely tune the already superior capabilities of our technology. This release is the result of hand in hand work with our clients to address with a round of performance ammunition the real issues they face.”

“6.4 delivers on our continuing investment in performance management to serve the global CameronFIX community,” comments Joacim Wiklander, VP of Product Management at Orc Software. “With today’s greater volatility and greater market movement, clients need to be able to improve their performance in their unique environment and achieve real results to be successful. Orc CameronFIX 6.4 provides the tools required to meet this need.”

The world’s leading banking and financial firms rely on the high performance trading capabilities of Orc CameronFIX - the only globally proven FIX platform for brokers, fund managers, exchanges and software vendors across the securities, investment, banking and finance industries.

Orc Software adds CameronFIX Strategic Partner in New Zealand and Australia

Hong Kong & Sydney, Tuesday 16 December, 2008 – Orc Software (SSE: ORC), the leading global provider of technology for advanced derivatives trading and connectivity solutions, today announced a reseller agreement with New Zealand-based financial services solutions provider Chelmer.

Chelmer has provided trading systems, software development, consultancy and support services to the New Zealand and Australia financial services community since 1988.

The partner agreement enables Chelmer to resell the Orc CameronFIX solution and to provide additional consultancy services and support to customers in New Zealand and Australia.

CameronFIX is the high performance, low-latency FIX Protocol solution used by leading global Sell-side and Buy-side firms for messaging, order routing and market data alike. FIX is no longer just a means of enabling out-of-the-box connectivity; instead it should provide the best of both worlds in terms of standardization and performance.

“One of Orc’s key global business strategies is to partner with reputable regional financial solution providers to further facilitate the continued geographical uptake of Orc’s solutions, ”says Greg Chambers, President, Orc Software, Asia Pacific. “We welcome New Zealand firm Chelmer to the Orc partner program, confident they will provide quality additional services and support for our shared customers in the region.”

“Orc Software has an excellent market reputation for providing optimized, robust FIX connectivity,” says Andy Robertson, Managing Director, Chelmer. “Partnering with Orc provides Chelmer with an advanced FIX gateway and monitoring together with the expertise that many industry participants require. The open technology standards used by Orc CameronFIX is consistent with our own and enables us to build our own applications on top of Orc’s best-in-class order routing for back office trade handling and settlements. We look forward to a mutually beneficial partnership that will produce valuable business benefits and operational enhancements for our customers in New Zealand and Australia.”

About Chelmer

Chelmer is a New Zealand-based company specialising in financial services solutions. Formed in 1988 to provide services and support of front end trading systems used by the New Zealand banking community, Chelmer has grown into New Zealand’s leading systems integrator, consulting company and technology supplier to the wider financial services industry.

Since 1999, Chelmer has been 50% owned by staff and 50% owned by the publicly listed global registry company, Computershare (CPU.AX). This combination provides the benefits of stability, strength and recognition of a global organisation with the expertise and knowledge of local management.

Chelmer is an active member of the FIX Protocol organisation, and has provided FIX consultancy and development services to leading Exchanges, buy side and sell side clients worldwide.

CameronFIX 6.3.1 delivers Optimized FAST and further FIX Monitoring Improvements

New York, NY – Wednesday November 19, 2008 - Orc Software, the leading global provider of technology for advanced derivatives trading and connectivity, today announced during the FIX Protocol organization’s Electronic Trading Conference in New York the release of Orc CameronFIX Version 6.3.1. This latest release provides significant performance enhancements around Orc’s FAST capabilities, FIX monitoring through the Orc Dashboard, and further developments for improved Orc System and CameronFIX integration.

FIX/FAST is the new industry standard developed by the FIX Protocol Organization specifically for the transmission of market data, and designed to drastically reduce end-to-end latency and improve bandwidth scalability. "Orc CameronFIX version 6.3.1 is an important milestone in our evolution towards a true fourth generation FIX engine, leveraging FAST technology to deliver new levels of performance to our customers," says John Cameron, Chief Technology Officer for Orc Software.

The new enhancements available in Orc CameronFIX version 6.3.1 include:

Optimized FAST performance. Orc CameronFAST is benchmarked at three times faster than OpenFAST and significantly faster than CME Reference FAST. Optimization allows orders and prices to be transmitted at greater speeds resulting in processing larger volumes of data, faster.
Optimized FAST components inside the CameronFIX Universal Server. The deep integration of compressed binary FAST technology and datatypes into the universal server, initiated with the release of CameronFIX 6.3, has now been extended to message processors and adapters.
Improved Monitoring through the Orc Dashboard enables firms to achieve unprecedented flexibility in the organization of data for efficient monitoring of the largest global CameronFIX deployments.
Enhanced Risk mitigation through role based access control, better enabling firms to protect best execution policies relying on critical market links and demonstrating compliant traceability of all management actions globally.
Improved Orc System integration resulting in select CameronFIX market access via Orc’s extensive market gateways. Some Orc clients are already using this offering for select access to markets such as CBOT, CME, Eurex, HKFE, ICE, IDEM, Euronext.liffe (London, Paris) SGX and TSE.

“With optimized FAST capabilities accessible to CameronFIX users, Orc delivers a new reference to the industry for high-volume, high-frequency, high-performance global electronic trading. Never has robust, scalable technology been so needed than in the current volatile markets,” says Joacim Wiklander, Vice President Product Management at Orc Software.

“Delivering optimized FIX requires high levels of expertise, as does delivering insightful, effective FIX monitoring. As CameronFIX development produces more complex optimizations, and as risk control peaks at critical in the financial industry, only the makers of CameronFIX can achieve the sophisticated monitoring needed to make the best of CameronFIX,” says Max Colas, Senior Product Manager at Orc Software.

“With our ambitious Dashboard program, users won’t need to rely on second-guess generic monitoring achieved by third-party systems,” adds Colas. “Today’s news of Orc’s investment in the Dashboard monitoring program represents only the beginning of its long-term commitment to reliable, high-performance monitoring.”

Orc Software is a Premier Member of the FIX Protocol organization and is actively involved in the development of the standard. Members of Orc’s development and technical teams are active members of the FAST protocol working group.

Orc provides connectivity solutions for new DIFX trading platform

Stockholm, SWEDEN, Monday September 8, 2008 – Orc Software (SSE: ORC), the leading global provider of technology for advanced derivatives trading and connectivity solutions, today announced an updated market gateway to the Dubai International Financial Exchange (DIFX) and its new OMX X-Stream trading platform. Orc Software is one of the first certified vendors for the new DIFX platform.

Since the DIFX went operational 2005, the exchange has experienced explosive growth. The DIFX currently lists shares, structured products, Sukuk (Islamic) and conventional bonds. The exchange plans to introduce new asset classes shortly, such as equity derivatives, as well as increase listings in its existing equities trading.

“Orc provides advanced trading solutions and liquidity access to our members, while the exchange also relies on Orc’s CameronFIX solution as a part of our new trading platform,” said Dean Noble, Vice President, Head of Market Operations DIFX. “The high performance and proven reliability offered by Orc makes their new market gateway an ideal choice for DIFX trading members and market data providers, as they prepare for the next-generation X-Stream trading platform.”

Orc Liquidity Access provides traders with the complete solution for fast, reliable access to derivatives and cash markets globally. Orc Liquidity access provides access to 100+ low latency markets via membership, and enables exchange non-members to reliably connect to 90+ markets worldwide.

“The DIFX is at the center of a booming financial market, and their demand – as well as support – for Orc technologies is a milestone for our efforts to advance Orc’s business in the Middle East region,” said Anders Henriksson, President Benelux, Central and Eastern Europe, and the Middle East, Orc Software. “As the DIFX develops and expands into advanced derivatives trading, their members and clients will increasingly rely on high-performance connectivity, which Orc will be ready to provide and support locally.”

Orc Software Offers Integrated FAST Solution in Latest Version CameronFIX 6.3

London, New York, Stockholm, and Hong Kong – Wednesday 11 June 2008 - Orc Software (SSE: ORC), the leading global provider of technology for advanced derivatives trading and connectivity, today announced the release of Orc CameronFIX Version 6.3. This release provides significant enhancements including complete integration of the FAST standard into the Orc CameronFIX Engine.

The new enhancements available in Orc CameronFIX Version 6.3 include:

Integration of FAST into the CameronFIX Universal Server and the CameronFIX Market Data Server provides full CameronFIX functionality with the FAST standard
Alternate Session Viewer on GUI allows users to quickly see detailed information on their current FIX sessions
Integration components with Orc architecture further facilitate the use of CameronFIX with the Orc Trading suite of applications
Now built for Java 5+ allowing clients to utilize the latest Java updates

“With the integration of FAST into our flagship CameronFIX Universal Server, we are able to deliver to our customers a unique FAST solution that is not a bolted-on product, but is truly an integrated part of the Cameron FIX Universal Server,” notes Joacim Wiklander, VP of Product Management at Orc Software.

The integration of FAST into CameronFIX allows customers to leverage the same flexible architecture of message processors, technology adapters, and CameronFIX options with FAST connectivity. FAST becomes an additional inflow/outflow of messages from the CameronFIX Universal Server with all of the market-leading capabilities offered by the CameronFIX Universal Server.

FAST was developed by the FIX Protocol organization to bring the benefits of standardization to market data and deliver optimized performance for the exchange of electronic financial information. Built around a data compression algorithm, it significantly reduces bandwidth requirements and latency between sender and receiver. FAST works particularly well at improving performance during periods of peak message rates.

In addition to the integration of FAST into the Orc CameronFIX Universal Server, Orc Software has also developed the CameronFIX Accelerator program. This program optimizes a CameronFIX implementation resulting in latency reductions of up to 80%.

Open Link to Distribute Orc CameronFIX

SIFMA Technology Management Conference Week, New York – Monday, June 9, 2008 – Orc Software (SSE: ORC), the leading global provider of technology for advanced derivatives trading and connectivity, today announced that Open Link Financial, Inc. ("Open Link") has signed a license to distribute Orc CameronFIX to clients with Open Link’s solution suites.

Open Link, provider of cross-asset trading, risk management and operations processing software solutions, offers worldwide financial institutions front-through-back office solutions for supporting trading and settlement of Foreign Exchange, Fixed Income, Derivatives, and Commodities transactions. Open Link will use Orc CameronFIX to enhance the ability to connect to third party systems and exchanges, leveraging Open Link’s integration tools, especially its highly available and scalable Connex offering.

“Orc CameronFIX has proven itself in the market and we are pleased to make it available with our solution suites,” notes Kevin Hesselbirg, CEO of Open Link. “Our clients demand reliable and high performance solutions, and distributing Orc CameronFIX with Open Link is another way for us to meet this demand.”

“Open Link’s financial markets solution has enjoyed considerable success, and we are pleased that they’ve chosen Orc CameronFIX to deploy with their applications,” notes Steve Lukes, VP of Americas Sales for Orc Software. “Orc CameronFIX has become the industry standard in FIX solutions, and we expect Open Link’s clients to see tremendous value through their use of Orc CameronFIX.”

The world’s leading banking and financial firms rely on the high performance trading capabilities of the Orc CameronFIX - the only globally proven FIX platform for brokers, fund managers, exchanges and software vendors across the securities, investment, banking and finance industries.

About Open Link

Founded in 1992, Open Link is a leading developer of cross-asset trading, risk management, and related operational and portfolio management software. Open Link’s diverse client base of over 125 customers worldwide includes 10 of the top 25 largest energy companies by market capitalization, eight of the largest financial institutions and seven of the largest central banks, as well as major hedge funds and public utilities. Headquartered on Long Island, New York, and with offices in New York, Houston, London, Berlin, Vienna, São Paulo, and Sydney, Open Link has 560 employees worldwide.

www.olf.com

ICAP Utilizes Orc Software’s CameronFIX and CameronFAST to Support FX Trading over FIX Protocol

Chicago & New York – Wednesday, September 26, 2007 - Orc Software (SSE: ORC), the leading global provider of technology for advanced derivatives trading and connectivity, today announced ICAP, the world’s premier interdealer broker, is utilizing Orc Software’s CameronFIX and CameronFAST solutions for its foreign exchange (FX) trading capabilities.

ICAP, which has a long history in FX and operates the leading FX trading platform EBS, is using Orc’s CameronFIX Universal Server for its advanced FX order flow and connectivity, and Orc’s CameronFAST solution for high performance market data distribution using the FAST protocol. Orc Software finalized and booked the deal with ICAP in Q3 2006, for production go-live later in 2006.

“CameronFIX is helping us deliver to our customers a superior FIX solution for FX trading that provides extremely low latency,” notes John Schoen, Regional Product Manager - Americas at ICAP. “In addition, CameronFAST gives us the ability to stream FX market data over a FIX session.”

“ICAP is a valued customer and we are delighted that they are using the CameronFIX Universal Server and CameronFAST for their requirements,” said George Wishart, Sales Director for Orc Software. “Orc, as an active global member of the FIX Protocol organization, is committed to the expansion of FIX. FAST is an excellent example of the FIX community working together to improve the protocol for all users. Orc will continue as a leader in support of these standards.”

The FIX Protocol Limited (FPL) has further enhanced support for FX trading with the release of FIX 5.0 in January 2007. In addition, the FPL’s new FAST compression provides support for high volume streaming data, such as market data.

CameronFIX is the globally proven FIX connectivity solution used by leading financial institutions and exchanges worldwide. The CameronFIX Market Data Server enables the streamlining of multiple market data vendor feeds converted to the single FIX format.

About ICAP

ICAP is the world’s premier voice and electronic interdealer broker and the source of global market information and commentary for professionals in the international financial markets. The Group is active in the wholesale markets in interest rates, credit, energy, foreign exchange and equity derivatives. ICAP has an average daily transaction volume in excess of $1.5 trillion, more than 50% of which is electronic. ICAP plc was added to the FTSE 100 Index on 30 June 2006.

www.icap.com

LiquidityHub Selects CameronFIX to provide FIX-enabled Fixed Income Derivatives Trading Capabilities

London UK, Thursday 28 June, 2007 – Orc Software (SSE: ORC), the leading global provider of technology for advanced trading, market making and brokerage, today announced LiquidityHub has selected the CameronFIX Universal Server for FIX order flow and connectivity, and the CameronFIX Market Data Server for high performance streaming of market data.

LiquidityHub, a consortium of leading investment banks in the fixed income markets for the aggregation of liquidity and market data in support of electronic trading, will deploy Orc Software’s CameronFIX solution to ensure a high availability trading environment via compliance with the FIX protocol messaging standard.

Robert MacLeod, CEO of LiquidityHub said: “Our aim is to provide the fixed income market with a multi-dealer electronic trading solution that allows unprecedented access to deeper liquidity. We have chosen the CameronFIX high-performance FIX gateway and protocol application as part of our policy to use best of breed technology.”

“Today’s announcement signals the first significant usage of the FIX standard for fixed income derivatives trading,” said Arthur Rank, Orc Software’s CameronFIX Sales Director for Europe. “LiquidityHub marks a dramatic shift in the traditional fixed income market and we are very pleased to be working together to provide the FIX connectivity and market data requirements for this central pricing aggregator.” CameronFIX is the globally proven FIX connectivity solution used by leading financial institutions and exchanges worldwide. The CameronFIX Market Data Server enables the streamlining of multiple market data vendor feeds converted to the single FIX format.

LiquidityHub facilitates the distribution of liquidity for electronic trading and market data through electronic distribution channels, and is not itself a trading platform.

About LiquidityHub

LiquidityHub was established in 2006 by leading banks in fixed income for the aggregation of liquidity and market data in support of electronic trading. The banks that own LiquidityHub are ABN AMRO, Bank of America, Barclays Capital, BNP Paribas, Citigroup, Deutsche Bank, Goldman Sachs, HSBC, JPMorgan Chase, Lehman Brothers, Merrill Lynch, Morgan Stanley, The Royal Bank of Scotland, Société Générale Corporate & Investment Banking, and UBS. LiquidityHub plans to aggregate liquidity from participating banks using fair trading standards and protocols. LiquidityHub will facilitate distribution of liquidity for electronic trading and market data through electronic distribution channels but will not itself be a trading platform. LiquidityHub will also support efficient electronic post-trade processes.

www.liquidityhub.com

OpenLink Selects CameronFIX for Findur Trading Application

SIFMA Conference Week, New York, NY, Wednesday 20 June 2007: Orc Software (SSE: ORC), the leading global provider of technology for advanced trading, market making and brokerage, today announced global market solutions provider OpenLink has licensed the CameronFIX Universal Server for FIX order flow.

OpenLink, provider of cross-asset trading, risk management and operations processing software solutions, offers worldwide financial institutions the Findur Front-to-Back office suite for supporting trading and settlement of Foreign Exchange, Fixed Income, Derivatives, Commodity, and Energy transactions.

CameronFIX, Orc Software’s globally proven FIX connectivity solution used by leading financial institutions and exchanges worldwide, will provide Openlink with the capability for delivering trade messaging over the Financial Information eXchange protocol.

“Uptake of the FIX protocol continues to expand into new geographies and to support additional asset classes and areas of the trade process,” said Martin Koopman, President Orc Software North America. “Support for FIX is increasingly a mandatory requirement for financial institutions investing in new trading applications and we are pleased to have such a top-class organization like OpenLink utilizing our product.”

David Buksbaum, CTO of OpenLink says, “CameronFIX is the high performance FIX platform we require with architecture that simplifies integration with our existing architecture. CameronFIX is the flexible FIX platform that enables us to support order flow over the industry standard FIX protocol.”

BIDS Trading Selects CameronFIX to provide FIX Connectivity for their Alternative Trading System

SIFMA Conference Week, NEW YORK, NY – Tuesday June 19, 2007: BIDS Trading the newly formed alternative trading system (ATS) designed to increase competition and liquidity in the U.S. equity block trading market, announced today that they have signed an agreement with Orc Software (SSE: ORC). Orc Software, the leading global provider of technology for advanced trading, market making and brokerage, will provide BIDS Trading with their CameronFIX Universal Server for FIX order flow and connectivity.

“As the use of custom algorithms continues to proliferate, it is no surprise that this newly formed ATS, BIDS Trading, has selected our proven FIX application to further enhance its block trading offering,” said Martin Koopman, President Orc Software North America. “We are excited to be providing FIX connectivity to the BIDS ATS and we look forward to working with BIDS and its members, many of whom are already familiar with the benefits associated with the CameronFIX platform.”

“CameronFIX is widely recognized for its reliability and high-performance market connectivity. In addition, it has the flexibility to easily integrate with our existing architecture,” said Tim Mahoney, CEO of BIDS Trading. “We look forward to working with CameronFIX to support our clients’ order flow over the industry standard FIX protocol.”

The BIDS ATS will be accessible to both the buy-side and sell-side firms that want to trade large blocks through continuous order matching and trade negotiation. Use of the BIDS ATS as a block trading service will not be exclusive or subject to volume commitment and each participant may continue to use any ATS, ECN or exchange service that supports the trading needs of its customer base.

CameronFIX is the globally proven FIX connectivity solution used by leading financial institutions and exchanges worldwide.

About BIDS Trading, L.P.

BIDS Trading, L.P. is a registered broker-dealer and the operator of the BIDS Alternative Trading System (ATS), which was designed to bring counterparties together to anonymously trade large blocks of shares. Developed by a consortium of leading financial services firms, the BIDS ATS resolves the classic paradox of the block trader – the need to find legitimate trading counterparties without prematurely revealing trading intentions.

BIDS Trading is a joint venture of: Bank of America (NYSE: BAC), Bear Stearns (NYSE: BSC), Citi (NYSE: C), Credit Suisse Group (NYSE: CS), Deutsche Bank (NYSE: DB), The Goldman Sachs Group, Inc. (NYSE: GS), JPMorgan Chase & Co. (NYSE: JPM), Knight Capital Group, Inc. (NASDAQ: NITE), Lehman Brothers (NYSE: LEH), Merrill Lynch (NYSE: MER), Morgan Stanley (NYSE: MS), and UBS (NYSE: UBS). The BIDS ATS will be open to all qualifying broker-dealers and their institutional clients, subject to basic credit and regulatory requirements.

www.bidstrading.com

Orc Software Releases CameronFAST for Delivering FAST-Encoded-FIX

SIFMA Conference Week, New York, Monday 18 June, 2007 – Orc Software, the leading global provider of technology for advanced trading, brokerage and connectivity, today announced the release of CameronFAST — the reliable and fast industry standard implementation of the FAST protocol (FIX Adapted for STreaming).

"Orc Software is taking a leading role in providing global customers with FAST encoded FIX," says Orc’s Chief Technology Officer, John Cameron. "CameronFAST will be highly valued by firms looking to get ahead in the latency and bandwidth race. Potential users include exchanges, market data providers and algorithmic trading applications, where reliable compression of high volume market data, for distribution or consumption, is paramount."

“Smaller transaction messages and faster execution will drastically lower their costs for exchanging market data. The very high performance-enabling FAST Protocol has already proven to be a highly efficient solution for spiraling market data volumes, and is being adopted by the world’s leading exchanges.”

FAST was developed by the FIX Protocol Limited organization to bring the benefits of standardization to market data and deliver optimized performance for the exchange of electronic financial information. Built around a data compression algorithm, when it is correctly implemented, it significantly reduces bandwidth requirements and latency between sender and receiver. FAST works particularly well at improving performance during periods of peak message rates.

CameronFAST follows the proven CameronFIX technology. It is an open architecture framework enabling ease of integration with other applications. It is delivered with useful sample FAST applications built using the framework. These are the FASTEncoder, FASTDecoder and FIXFASTProxy. CameronFAST works equally well with any FIX or non-FIX application.

Existing Orc solutions such as Orc Trader, Orc Liquidator, CameronFIX Universal Server and CameronFIX Market Data Server, will be CameronFAST-enabled by deeply integrating it within their core architecture. All Orc applications will be internally optimized for FAST and this will be available as an option for customers during Q4.

CameronFAST is 100% FAST 1.1 compliant and includes full XML template support.

Nordea integrates to Orc ExNet using CameronFIX

STOCKHOLM & LONDON: Monday February 5, 2007 – Orc Software (SSE: ORC), the leading global provider of technology for advanced trading, market making and brokerage, today announced Nordea, the foremost financial services group in the Nordic and Baltic Sea region, will offer FX execution on the Orc ExNet to ExNet participants, commencing Q1. Nordea will use CameronFIX to establish FIX connectivity including executable streaming rates to customers via ExNet as well as other ECN's, multiportals, treasury systems and market places.

Orc ExNet provides fund managers with non-membership access to all major liquidity pools, including official exchanges and ECNs. CameronFIX is the globally proven FIX connectivity solution used by the leading financial institutions.

“We are pleased to work with Orc Software to broaden our execution services towards ExNet participants,” said Kenneth Steengaard, Head of Nordea e- Markets. “In an increasingly fragmented FX market it is important for Nordea to connect to a variety of execution venues and we look forward to growing our business through this partnership. We have chosen CameronFIX due to its market leading position and we are confident that CameronFIX will provide us with the operational stability and the scalability we are looking for.” “Orc Software is pleased to be working alongside Nordea to provide leading edge trading enhancements to help grow their business,” says Joackim Lantz, Managing Director Sales Nordic, Orc Software. “Today’s announcement further demonstrates Orc’s market leading technology and its ability to deliver trading enhancements that place customers, such as Nordea, in a number one market position.”

About Nordea

Nordea is the leading financial services group in the Nordic and Baltic Sea region, making it possible for our customers to reach their goals by providing a wide range of products, services and solutions within banking, asset management and insurance. Nordea has around 10 million customers, more than 1,100 branch offices and a leading net banking position with 4.6 million e-customers. The Nordea share is listed on the stock exchanges in Stockholm, Helsinki and Copenhagen.

www.nordea.com

Exane BNP Paribas switches to Orc Software’s CameronFIX platform

LONDON & STOCKHOLM: Monday February 5, 2007 – Orc Software (SSE: ORC), the leading global provider of technology for advanced trading, market making and brokerage, today announced Exane, a leading independent European investment firm, has deployed for its cash equity business, which trades under the name of Exane BNP Paribas, the CameronFIX platform to provide FIX protocol connectivity for receiving equity order flow from its worldwide institutional customers.

The CameronFIX platform is also used by Exane BNP Paribas across its business to provide support for Trade Advertisement and Indication of Interest networks and point to point clients, as well as a FIX gateway for its middle office allocation services.

Guillaume Lacronique, Head of Equity Trading Technology for Exane BNP Paribas says, “Exane’s switch to CameronFIX was motivated by the fact that it is used by so many of our Buy Side customers and most of the global trading community. We needed to be able to quickly adapt to client specific requirements, which has proved very easy to do with the CameronFIX platform. CameronFIX is the stable, high performance FIX platform Exane BNP Paribas can rely on. The implementation was very straightforward - its architecture made it easy to integrate with our existing systems and get up and running in production. CameronFIX has given us a flexible FIX solution that enables us to perform all our Buy Side operations with relative ease.”

“FIX is not new to Exane BNP Paribas,” says Arthur Rank, Head of CameronFIX European Sales for Orc Software. “This is now their second implementation of the FIX protocol so they had a clear understanding of their trading performance requirements and needed a solution that would grow with their business. We are pleased that CameronFIX was able to deliver to their exact specifications.”

About Exane

Exane is a leading independent investment company in Europe, specialising in three businesses:

Cash Equity, under the Exane BNP Paribas brand,
Equity Derivatives, and
Asset Management.

Exane offers its clients a high value-added service built on expertise in research. The group’s client base is worldwide and essentially institutional.

With 800 employees, the Group is present in Paris, London, Frankfurt, Geneva, Milan, New York, Singapore and Zurich.