-Orc Software to deliver platform, trading solution to Norwegian Fondsfinans.
NORDIC BUSINESS REPORT-October 14, 2010--Orc Software to deliver platform, trading solution to Norwegian Fondsfinans(C)2010 M2 COMMUNICATIONS http://www.m2.com
14 October 2010 - Swedish company Orc Software AB (STO: ORC) said today it has won an order to deliver its Orc XG direct market access platform and Orc Trading solution for proprietary trading and market-making operations to Norwegian investment firm Fondsfinans ASA.
The order, whose value was not disclosed, was booked in the third quarter of 2010 and is based on Orc Software's licensing subscription model where customers are invoiced quarterly, in advance, and revenue allocated to the invoicing period.
"Using the Orc XG services together with the Orc Trading solution, will help make our operations more efficient, while supporting
expansion and further development of our execution and trading activities," head of sales in Fondsfinans, Anders Hoyem, said.
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|Publication:||Nordic Business Report|
|Date:||Oct 14, 2010|
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