Orc expands Eastern European offering with connectivity to the Ljubljana Stock Exchange
Stockholm, SWEDEN - Orc Software (SSE: ORC), the leading provider of technology and services for the global financial industry, today announced it now provides connectivity to the Ljubljana Stock Exchange (LJSE) based on the XETRA Vienna technical platform.
Since its acquisition in June 2008 by the Vienna Stock Exchange, LJSE has continued to operate on proprietary trading systems. Completing the integration with the CEE Stock Exchange Group (CEESEG), LJSE is migrating to XETRA. This way, LJSE is becoming an easily accessible, internationally comparable and competitive market. The implementation of XETRA is expected to create additional interest from international trading members and investors for Slovene equity.
“Orc’s commitment to expanding our offering across the Eastern European markets has been welcomed by our customers,” said Christopher Lederer, VP Sales Continental Europe, Orc Software. “With the addition of LJSE on the XETRA trading system, we expand our global reach and can offer the full range of sophisticated trading technology to existing customers within a growing market, while offering local market participants the latest technology off the shelf.”
LJSE also expects that over the medium-term, XETRA will boost liquidity on the domestic market, with key benefits for exchange members and investors:
· Simplify remote members’ access to LJSE and thus attract international portfolio investors
· Foster new listings of financial instruments and thus widen the scope of LJSE-listed financial instruments
· Facilitate additional and improved services, including liquidity provisioning
· Enable LJSE members easier access to other markets.
Orc Software is next exhibiting in Italy at the 17° AIAF ASSIOM ATIC FOREX Congress in Verona on February 25-27.
About Orc Software
Orc is a leading provider of technology and services for the global financial industry. Orc delivers trading and market access solutions used by proprietary trading and market making firms, investment banks, hedge funds and brokerage houses worldwide.
Available as deployed software or as managed services, Orc develops and provides the tools needed for running a profitable trading or brokerage business in today’s competitive and ever-changing markets.
With market presence in all major global financial centers, Orc provides sales and support services from its offices across EMEA, the Americas and the Asia-Pacific regions. Orc Software is listed on NASDAQ OMX Stockholm (SSE: ORC).
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