STOCKHOLM, Sweden, April 29, 2005 (PRIMEZONE) -- Orc Software, a leading supplier of technology for advanced market making, professional trading and brokerage, continues to add market connections at a fast pace. Orc Software can now offer trading on the Budapest Stock Exchange. Budapest Stock Exchange is the official trading platform on the Hungarian stock market for publicly emitted equities, derivatives and bonds.
Orc Software recently added connections to the Riga Stock Exchange, the Tallinn Stock Exchange and the Moscow Interbank Currency Exchange to its product offering.
"The market connection to the Budapest Stock Exchange together with the connections to the exchanges in Riga, Tallinn, and Moscow strengthens our offering in the region. Today we already see an increased interest in trading on the exchanges in Eastern Europe. It is gratifying that with this connection we have also reached a milestone and we can now offer more than 100 connections to markets around the world", says Jonas Lindstrom, CEO of Orc Software.
In total, Orc Software is able to offer over 100 market connections to the world's largest exchanges, of which 91 of them are Orc Software's own direct connections and the others are offered through cooperation partners.
The complete list of Orc Software's market connections can be found on the Company's web page: www.orcsoftware.com/Products/MarketConnections.h tm
Orc Software provides technology for advanced market making, trading and brokerage. The Orc Technology is used in 21 countries and allows users to access more than 100 markets. The company is listed at Stockholmsborsen and has operations in Chicago, Frankfurt, Hong Kong, London, Milan, Moscow, New York, Stockholm, St Petersburg, Sydney, Tokyo, Toronto, Vienna and Zurich. In 2004, the company's total revenue amounted to SEK 247 million with an operating income of SEK 30 million. www.orcsoftware.com
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