ORC, ALGORITHMICA PARTNER ON MIDDLE-OFFICE RISK MANAGEMENT

Posted January 29, 2009

STOCKHOLM – Advanced derivatives trading and connectivity solutions provider Orc Software has partnered with Algorithmica Research AB, a provider of tools for advanced risk management, quantitative analysis and enterprise-wide management of historical data. The alliance aims to offer extended middle-office risk management tools integrated with Orc’s advanced trading solutions to the financial markets globally.

“We see a dramatic increase in the market demand for real-time risk management tools,” says Johan Treskog, Sales Manager, Algorithmica Research. “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 for the trader and the risk manager.”

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 of trading management.

“By teaming up with Algorithmica, we greatly enhance our opportunities by offering strategic technology for electronic trading to the global financial markets,” says Peter O. Bäck, Sales Director Nordic Region, Orc Software. “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.”