The new development center adds to Orc's extensive list of development centers located around the world including centers in major financial capitals such as London, New York, Toronto, Stockholm, Moscow, Hong Kong, and Sydney.

"Chicago is at the center of global derivatives trading and has one of the most talented and diverse workforces in the world, making it an ideal location for Orc Software to cultivate a strong development team," said Rita Athas, executive director of World Business Chicago. "We are pleased to add Orc to an impressive group of tech companies that prosper in Chicago."

"Chicago is a vibrant and growing market for us," said Hugh Stables, VP of Engineering for Orc Software. "Opening a development center in Chicago will help us better serve the needs of our customers and expand our capability to develop world-class derivatives trading and connectivity solutions. In addition, with the wealth of knowledge and expertise in the Chicago region, we expect to find outstanding employees to join our team and make Orc Software even more successful."

"This announcement is excellent news for our North American customers," notes Steve Lukes, VP of Americas Sales for Orc Software. "Knowledge of local market requirements is key to our business. The Chicago Development Center will be instrumental in helping us continue to support the needs of our clients in the area."

Orc Software's Chicago Development Center will be responsible for developing solutions specifically for Orc's growing North American client base. Orc Software's development is currently spread across multiple offices around the world to ensure the best possible development of solutions suited to Orc's global customer base. With over 260 employees, Orc is a global company with substantial local market expertise.

Orc Software's Chicago Development Center will be located in expanded offices at 190 South LaSalle Street in Chicago's Loop business district.