Neonet partners with IFS LiquidMetrix to provide execution performance quality assurance

Neonet partners with IFS LiquidMetrix to provide execution performance
quality assurance

Neonet clients get access to independent Best Execution and Smart Order
Routing performance verification by LiquidMetrix.

Stockholm, Sweden, October 18, 2011 - Neonet, the independent execution
services provider, today announced a partnership with Intelligent
Financial Systems (IFS), a London based research and market data
analysis company providing a range of historical and real time market
data analysis solutions.

The companies have entered an agreement which calls for IFS LiquidMetrix
to assist Neonet with measuring and evaluating quality aspects of
Neonet's equity execution including Smart Order Routing (SOR), and
providing tools for creating Best Execution reports. Neonet plans to
incorporate the independent quality assurance provided by LiquidMetrix
with its execution services, including its newly launched offering
tailored for sell-side clients.

Using the LiquidMetrix WorkStation, Neonet can analyze the performance
of its trade flow on individual or multiple trading venues with
millisecond precision, an accuracy that very few vendor services can
provide, but is needed for performance measurement of today's
sophisticated Smart Order Routing systems such as that in use by Neonet.
The actual and potential price improvements*) are calculated for each
trade using order book depths, best bid and offer reference prices. A
full Transaction Cost Analysis (TCA) summary for the client orders is
available, and the system also provides summaries across all trading
activity pinpointing existing price improvements captured by the Neonet
system, and potential optimizations. The data set can be filtered and
summarized in performance by client, order size and trading strategy.

Neonet's CEO Joakim Wiklander commented: “Our initiative to engage
LiquidMetrix reflects Neonet's commitment to quality execution while
addressing increased fragmentation, and our reputation as one of the
early adopters of SOR. Measuring execution quality is not an absolute
science; it always requires external benchmarking to be meaningful since
you cannot rank yourself based on your own data.”

IFS' LiquidMetrix WorkStation product suite, which is used to monitor
Neonet's performance, provides access to a multi-terabyte, consolidated,
full-depth (Level 2) order book history covering instruments traded in
Europe on Primary Exchanges, MTFs and Dark Pools.

Sabine Toulson, Managing Director of IFS, commented: “We are pleased
that we are able to help Neonet analyze its trading performance using
the LiquidMetrix WorkStation. Our service allows the most technically
advanced brokers such as Neonet to measure, quantify and optimize their
execution performance in today's fragmented equity markets.”

*) Price improvement is defined as the difference between the Neonet
execution price and the best quoted price at the time of execution.

About Orc Group

Orc Group is a leading provider of technology and services for the
global financial industry. Orc delivers trading and market access
solutions that are used by proprietary trading and market making firms,
investment banks, hedge funds and brokerage houses.

The Orc Group serves customers through three business units, each with
distinctive offerings:

  · Orc develops and provides the tools needed to run profitable trading
and brokerage businesses.
  · Neonet is an execution service provider that offers professional
market participants independent, high-speed execution services based on
advanced trading software solutions.
  · CameronTec is the financial industry leader in FIX infrastructure
and connectivity solutions.

With market presence in all major global financial centers, Orc provides
sales and support services from its offices across the EMEA, Americas
and Asia-Pacific regions.

Orc Group is publicly traded on NASDAQ OMX Stockholm (SSE: ORC).
For additional information, visit www.orc-group.com

Media contacts:
Neonet: Joacim Wiklander, CEO, Tel. +46 (0) 8 506 478 35
Intelligent Financial Systems: Mark Ford, LiquidMetrix, Tel. +44 (0) 20
7379 7328, markford@liquidmetrix.com
Orc Group: Christine Blinke, VP Marketing and Investor Relations, Tel.
+46 739 01 02 01