Orc Software
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| Orc Software | |
|---|---|
| Type | Public OMX: ORC |
| Founded | 1987 |
| Founder | Nils Nilsson and Ulrika Hagdahl |
| Headquarters | Stockholm, Sweden |
| Area served | Global |
| Employees | 264 |
| Website | http://www.orcsoftware.com |
Formed in 1987 by Nils Nilsson and Ulrika Hagdahl, Orc Software's main activity was as a market maker on the Swedish derivatives exchange.
Since its inception Orc Software has also continuously developed and marketed software for pricing, trading and risk management in financial markets. Up to and including 1995, sales of the Orc Technology were focused on clients in the Nordic region. 1995 saw the first sales to clients in the UK and Switzerland, and in 1996 the first products were sold to clients in Italy, Hong Kong and Germany.
In January 1997, the Orc Technology was first sold to new clients in Australia and Japan. The same year OMX acquired just over 50 percent of the shares in Orc Software. In 1998 and 1999, Orc Software's international expansion continued with sales to clients in the Netherlands and the US.
In 2000, subsidiaries in Frankfurt, London, Milan, Moscow, New York and Sydney were formed. Orc Software's shares were listed on the Stockholmsbörsen on October 19, 2000. In 2001, Orc Software opened offices in Hong Kong, St. Petersburg and Zurich. In 2002, a distribution agreement was signed with Reuters and offices were opened in Tokyo, Toronto and Vienna. In 2003, an office was opened in Chicago.
During the autumn 2005 Orc Software signed an agreement with OMX regarding the development of a new front office product. At the end of 2005 Orc Software has clients in 24 countries and offices in 13 countries.
In February 2006 Orc Software acquired Australian Cameron Systems, the world's leading supplier of FIX platforms.
