Orc Software Opens Development Center in Chicago

Orc Software Opens Development Center in Chicago 

Chicago - Monday, March 31, 2008 - Orc Software (SSE: ORC), the leading global
provider of technology for advanced derivatives trading and connectivity, today
announced that it has opened a new development center in Chicago, Illinois.  The
new development center adds to Orc's extensive list of development centers
located around the world including centers in major financial capitals such as
London, New York, Toronto, Stockholm, Moscow, Hong Kong, and Sydney.

“Chicago is at the center of global derivatives trading and has one of the most
talented and diverse workforces in the world, making it an ideal location for
Orc Software to cultivate a strong development team,” said Rita Athas, executive
director of World Business Chicago.  “We are pleased to add Orc to an impressive
group of tech companies that prosper in Chicago.”

“Chicago is a vibrant and growing market for us,” said Hugh Stables, VP of
Engineering for Orc Software. “Opening a development center in Chicago will help
us better serve the needs of our customers and expand our capability to develop
world-class derivatives trading and connectivity solutions.  In addition, with
the wealth of knowledge and expertise in the Chicago region, we expect to find
outstanding employees to join our team and make Orc Software even more
successful.”

“This announcement is excellent news for our North American customers,” notes
Steve Lukes, VP of Americas Sales for Orc Software.  “Knowledge of local market
requirements is key to our business.  The Chicago Development Center will be
instrumental in helping us continue to support the needs of our clients in the
area.”

Orc Software's Chicago Development Center will be responsible for developing
solutions specifically for Orc's growing North American client base.  Orc
Software's development is currently spread across multiple offices around the
world to ensure the best possible development of solutions suited to Orc's
global customer base.  With over 260 employees, Orc is a global company with
substantial local market expertise.

Orc Software's Chicago Development Center will be located in expanded offices at
190 South LaSalle Street in Chicago's Loop business district.  

Orc Software is currently exhibiting at the Algo Options & Futures Conference at
Twenty Four Fifth Avenue in New York.

About Orc Software
Orc Software (SSE: ORC) is the leading global provider of powerful solutions for
the worldwide financial industry in the critical areas of advanced derivatives
trading and low latency connectivity. Orc's competitive edge lies in its depth
of knowledge of the derivatives trading world gained by deploying advanced
solutions for sophisticated traders for over 20 years.

Orc Trading and Orc Connect provide the tools for making the best trading and
connectivity decisions… strong analytics, unmatched market access, powerful
automated trading functionality, high performance futures and options trading
capabilities, ultra-low latency, and risk management.

Orc's customers include leading investment banks, trading and market-making
firms, exchanges, brokerage houses, institutional investors and hedge funds. 

Orc provides timely sales and quality support services from its offices across
EMEA, Americas and Asia Pacific.

www.orcsoftware.com


Contact: 
Barry Vasudevan, Marketing Director, North America,
barry.vasudevan@orcsoftware.com, 212-792-5487
Hugh Stables, VP of Engineering, hugh.stables@orcsoftware.com, +44-20-7942-0999