Orc is one of the first to provide native market access t...

Chicago & São Paulo, Wednesday, December 8th, 2010 – Orc Software (SSE: ORC), a leading provider of technology and services for the global financial industry, announced today complete connectivity to Brazil’s BM&FBOVESPA exchange for futures, options and equities instruments, and that Orc will be one of the first companies to support BM&FBOVESPA’s new market data framework delivering higher performance and reliability.

Orc, as one of the first software providers to support BM&FBOVESPA’s new market data framework, known as the BM&FBOVESPA UMDF and based on the global FAST market data messaging standard, will be able to provide clients with the best trading experience to BM&FBOVESPA. This allows Orc clients to enjoy full, high performance native market access to this important and growing exchange with the performance benefits that BM&FBOVESPA’s market data enhancements provide.

The FAST protocol, based on the industry standard FIX protocol, has rapidly become the preferred choice for delivering market data quickly and reliably. Deployment of FAST market data at the exchange has resulted in a 50% reduction in bandwidth on the BOVESPA segment and a 200% reduction in bandwidth on the BM&F segment. This lets firms handle more market data quickly and easily without network bandwidth delays.

Ruben Guerrero, Strategic Partnerships Manager at Orc Software, comments, “Brazil is a strategic market for Orc, and BM&FBOVESPA is growing rapidly. Our clients demand the best possible trading experience when trading in Brazil. With our native market access to BM&FBOVESPA and support for its new market data distribution protocol, our clients will be able to trade more instruments, more quickly and take advantage of the opportunities available in this market.”

Marcio Castro, IT Director for Matching Systems at BM&FBOVESPA, notes, “BM&FBOVESPA’s adoption of FAST for market data was an important step for our exchange. We are happy to see Orc delivering a powerful connection to our exchange taking advantage of this technology. We look forward to adding new clients to our exchange that need the high performance that BM&FBOVESPA and Orc can provide.”

Traders will be able to use Orc’s connection to BM&FBOVESPA for deploying sophisticated trading strategies including futures spread trading, market making, volatility trading and other advanced arbitrages. Using Orc’s Liquidator server-based technology, firms can co-locate at BM&FBOVESPA to minimize their latency. Clients can take advantage of out-of-the-box trading solutions like Orc Spreader that provide the high performance needed to help traders win more market opportunities.

The Orc Trading solutions are used by leading financial firms worldwide for market making, volatility trading and high frequency trading. Together with access to the 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 BM&FBOVESPA

BM&FBOVESPA S.A. – Securities, Commodities and Futures Exchange was created in 2008 with the integration between the Brazilian Mercantile & Futures Exchange (BM&F) and the São Paulo Stock Exchange (Bovespa). Together, the companies have formed the third largest exchange in the world in terms of market value, the second largest in the Americas, and the leading exchange in Latin America. BM&FBOVESPA offers trading in equities on the cash, options and forward markets, and indices, interest rates, foreign exchange, agricultural and energy commodities on the futures, options, forward and swap markets, as well as other spot market transactions on gold, US Dollar and federal government securities. In order to provide investors with efficient and secure services, BM&FBOVESPA utilizes state-of-the-art technology. With its fully integrated business model BM&FBOVESPA is able to offer not only a sophisticated trading environment, but also registration, clearing, settlement, risk management, and central depository services. It also acts as the central counterparty for all of the transactions carried out in its markets by way of its four clearinghouses: equities, derivatives, securities, and foreign exchange.

About Orc Software

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 and the Asia-Pacific regions.

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

For further information:

Barry Vasudevan, Marketing Director – Americas, Orc Software, +1 212 351 7624, barry.vasudevan@orcsoftware.com

Gustavo Farinelli, Directoria de Comunicação, BM&FBOVESPA, +55 (11) 2565-7865, gferreira@bvmf.com.br

Orc is one of the first to provide native market access through BM&FBOVESPA’s new low-latency framework

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Orc is one of the first to provide native market access through BM&FBOVESPA’s new low-latency framework

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