| 17 Feb 2010 |
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Orc Software becomes approved technology provider on DGCX
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Dubai, February 17, 2010: Dubai Gold & Commodities Exchange (DGCX)Dubai Gold & Commodities Exchange (DGCX)
today announced that Orc Software, a leading global provider of technology for advanced trading and connectivity, has become an approved Independent Software Vendor (ISV) on the Exchange. Orc Software provides advanced trading and connectivity solutions that enable market participants to capture the latest opportunities in an automated environment. These include solutions for low-latency algorithmic trading, arbitrage, market making and risk management. DGCXDGCX members and clients can now benefit from a wider range of trading and pricing tools.
Commenting on the benefits for members, Eric Hasham, Chief Executive Officer, DGCXDGCX, said, "We are delighted that Orc has become an Independent Software Vendor on DGCXDGCX. The alliance with Orc forms part of the Exchange's goal to provide a wide variety of market access and technology solutions to members."
Eric Hasham said the Exchange was constantly exploring ways to scale up front end applications for trading on the DGCXDGCX platform, as part of its strategy to offer more value and low latency connectivity to participants.
"As a leader in derivatives trading and connectivity, Orc brings the latest technology to DGCXDGCX
members. Orc's key strength is our solid understanding of customers' requirements and the constantly changing trading environment," said Lee Griggs, VP, Sales for UK, France and the Middle East. "This enables us to deliver market leading solutions that maximise trading results to both large institutions and small trading firms", he added. -Ends-
About DGCXDGCX
: Established in 2005, DGCXDGCX
is the region's first derivatives exchange and the only one allowing participants to clear and settle transactions within the region. The Exchange has played a pioneering role in developing the regional market for derivatives. DGCXDGCX is a Dubai Multi Commodities Centre (Dubai Government) initiative in partnership with Financial Technologies (India) Limited and Multi Commodity Exchange of India Limited (MCX). It is an electronic commodity and currency derivatives exchange with 230 members from across the globe, offering futures and options contracts covering the precious metals, energy and currency sectors. For more information: www.dgcx.ae 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 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 with 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 banks, trading and market-making firms, exchanges, brokerage houses, institutional investors and hedge funds. Orc provides sales and quality support services from its offices across EMEA, Americas and Asia Pacific. For more information: www.orcsoftware.com
Further Information:
Claire Miller
Head of Marketing, DGCX
Tel: +971 (0)4 361 1625; Email: Claire.miller@dgcx.ae
Lee Griggs
VP Sales UK, France and the Middle East, Orc Software
Tel. + +44 (0) 7979 856162
Christine Blinke
VP Marketing and Investor Relations, Orc Software
Tel. + 46 739 01 02 01
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