Orc opens Paris office

Source: Orc Software

Orc Software (SSE: ORC), the leading global provider of technology for advanced derivatives trading and connectivity, today announced the opening of a new office in Paris to support the expansion of the Orc Group's business in France.

"Orc Software views France as an important market when it comes to local interest for Orc solutions to meet increasing trading technology requirements," says Matteo Carcano, President EMEA at Orc Software. "The French financial market is highly sophisticated and traditionally dominated by local financial firms with in-house trading systems, which presents rich opportunities for Orc solutions. Our Paris office will help us meet present and future service requirements of local customers, and to address their challenges with solutions that build on our genuine understanding of this marketplace."

Orc Software's new Paris office is headed by Michel Balter who joined the company in September 2008, bringing more than a decade of qualified sales experience in the French financial industry. In his previous position, he successfully contributed to new regional and global business sales and strategic client development, besides gaining significant professional experience of the financial trading services world. He earned a first-class Degree in Economics from the Université Catholique de Louvain and won the Belgian Foreign Trade Minister award for his commitment to the international development and competitiveness of the Belgian economy.

"I look forward to growing Orc´s business in France and I am confident we will win local business based on our ability to align and present as the best solution provider in the market," says Michel Balter, Orc Sales Director for France. "Our offering is powerful, fast and reliable, and perfectly suited to meet the needs of the most demanding French derivatives trading players. "Orc's core strengths in advanced derivatives trading and market connectivity, combined with our customer-orientated service organization and company culture, represent a business very close to the French "build" culture."

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