Orc forms partnership with Algorithmica Research

Source: Orc Software

Orc Software (SSE: ORC), the leading global provider of technology for advanced derivatives trading and connectivity solutions, today announced a partnership agreement with Algorithmica Research AB, a leading provider of solutions for advanced risk management, quantitative analysis and enterprise-wide management of historical data based in Stockholm.

The agreement enables Algorithmica to offer extended middle office risk management tools integrated with Orc's advanced trading solutions to the financial markets globally. The Algorithmica technology complements Orc's advanced trading and risk solutions and helps market participants meet the increasing demand for real-time quantitative financial analysis and middle office risk management. Through the partnership, Orc and Algorithmica can deliver a fully integrated solution that satisfies all business requirements from trading management.

"Orc Software is a world-leading software supplier to the global financial markets, and we are very pleased to work together with Orc and complement their state-of-the-art trading and trading risk solutions with sophisticated middle office risk management," said Johan Treskog, Sales Manager, Algorithmica Research. "We see a dramatic increase in the market demand for real-time risk management tools. By combining our expertise in middle office risk management and quantitative financial analysis with Orc's competitive edge to trade and do trading risk analysis from a single platform, we provide an integrated solution covering all business requirements both from the trader and the risk manager."

"Algorithmica has been developing sophisticated software applications for the financial markets since 1993, providing banks, asset managers and corporate treasuries with innovative software solutions using the latest developments within the area of quantitative finance," said Peter O Bäck, Sales Director Nordic Region, Orc Software. "By teaming up with Algorithmica, we greatly enhance our opportunities by offering strategic technology for electronic trading to the global financial markets. This combined with their excellent software technology skills makes Algorithmica a natural choice of partner for Orc Software and their contributions will be a welcome addition to our current sales and marketing activities in the region."

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