Orc Software's and NeoNet's Joint Equity Trading Solution Goes Live
10/19/2001 5:45 AM EST
NeoNet and Orc Software signed earlier this year an agreement that gives
Orc Software's clients equity trading access through Orc Software's
products on the exchanges offered through NeoNet's electronic execution
network. The system integration is now finalized and Orc Software's
clients have started to trade electronically through NeoNet.
The agreement between NeoNet and Orc Software complements the offering
of Orc Software and NeoNet and gives clients electronic trading access
on leading exchanges without membership requirements.
About Orc Software
Orc Software develops and markets standardized and turnkey software
systems for pricing, trading and risk management in real time in
international financial, commodities and energy markets. The company is
a leading international software vendor with clients in 18 countries and
with 35 market connections to exchanges around the world. Orc Software
is listed on Stockholmsbörsen's O-list. Orc Software's co-operation with
NeoNet is managed by Orc Software's new subsidiary Orc ExNet. Orc ExNet
is focusing on transaction-based services.
About NeoNet
NeoNet is a leading provider of real time equity execution services for
institutional investors and broker-dealers. Through its electronic
execution network NeoNet provides its clients with efficient, secure and
anonymous access to approximately 80 % of the equity market
capitalization in Europe. NeoNet focuses on providing single access to
equity securities markets worldwide. Currently NeoNet has clients in
eleven countries including the U.S. NeoNet has over 65 employees with
offices in Stockholm and New York and is listed on Stockholmsbörsen.
For further information, please contact:
NeoNet: Orc Software:
Magnus Karlsson Susanne Nilsson
Communications, Investor Relations,
NeoNet Orc Software
Tel. +46 8 454 15 Tel. +46 8 545 124
46 57
magnus.karlsson@ne
onet.se
Client contact Client contact Orc
NeoNet: Software:
+46 8 454 15 00 +46 8 545 281 20
(Europe)
+1 212 980 7600 (USA)