Orc Software signs service partner agreement with premier Italian IT firm trade_it

Milan - 13 May 2009

Orc Software (SSE: ORC), the leading global provider of technology for advanced trading and connectivity solutions, today announced that the Italian IT consultancy firm trade_it has joined the Orc Vantage partner program.

This partnership seals many years of successful cooperation where Orc Software and trade_it have worked together to provide powerful solutions backed by highly specialized customizations to Orc Software’s customers in Italy. Through this agreement, trade_it’s professional services will also be extended to Orc’s users based in Iberia and in the UK.

Formed in 2000 by software engineers with investment banking experience, trade_it offers consultancy services ranging from the definition of project requisites to software development. trade_it offers a wide variety of tools for customizing and integrating Orc-based trading solutions with front office, middle office and back office systems, as well as with other technologies.

“trade_it has gained a competitive advantage by specializing in integration software for Orc Trading solutions,” declared Luciano Tess, Sales Director at trade_it. “Mainly focusing on the functional side of the business, we have developed a number of modules, including links with Excel and market risk reports together with a wealth of data transfer software. Furthermore, we can support Orc’s customers in writing strategies to perform arbitrage actions or quote through Orc’s algorithmic trading solution, Orc Trading for Algorithmic Trading, which represents a big asset for those companies lacking in internal resources, but willing to explore new business opportunities.”

“Over the years, trade_it has built a solid track record at several Orc customer sites in Italy,” said Daniele Moressa, Sales Manager at Orc Software Italy. “We are very pleased that they have formally signed a partnership, and we feel comfortable in recommending them to Orc’s customers who require additional functional support to tailor Orc solutions to their specific local needs.”

Orc Trading provides the competitive edge to trade from a single platform capable of running thousands of complex trading strategies simultaneously. Orc Trading is used by financial firms worldwide for enhanced trading, pricing and risk management on electronically traded derivatives.

Orc Connect is the global financial industry’s leading connectivity solution. Orc Connect provides traders and brokers with fast, reliable access to liquidity pools, both for market members and non-members, in the critical areas of execution, market data and reference data.

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development