Source: Orc Software
Orc Software (SSE: ORC), the leading global provider of technology and services for advanced trading in financial instruments, today announced that Eik Bank, based in Copenhagen, Denmark, has selected Orc Trading to support the firm's execution and proprietary trading. The order was booked in Q2, 2010, and the contract is based on Orc's licensing subscription model.
"Orc Software was our natural choice when moving to a platform which enables future expansion of trading different assets all over the world," said Lars Thomsen, Head of Markets, Eik Bank. "We appreciate the strengths of Orc's trading solution and their extensive market reach to different Exchanges. This ensures that the solution we now invest in will support the expansion of Eik Bank's operations for many years to come." The integration between Eik Bank's netbank solution and other internal systems has been delivered by SDC, Scandinavian Data Center, and the full solution is scheduled to be operational by October 2010.
"We are proud to provide Eik Bank with a very flexible, yet robust solution that is well proven, and we look forward to deliver tools and services that will help develop and enhance their business further," said Peter O Bäck, Vice President Sales Nordic, Orc Software. "Eik's choice also reflects that Orc continues its Nordic growth and strengthens its presence in Denmark by providing best in class solutions capable of fulfilling typical trading requirements on exchanges globally."