A consortium of Canadian banks, BMO NesbittBurns, NBC National Bank Financial and RBC Dominion Securities, has reached agreement with Orc Software to provide the Orc System for real-time pricing, trading and risk management on the Bourse de Montreal.
Nils Nilsson, CEO, Orc Software, describes the deal as a true breakthrough in the North American market and is one of Orc Software’s largest single orders.
The first stage of the contract is the delivery of Orc Trader software for customers in autumn 2001.