STRONG SALES MOMENTUM AND ENTRY INTO CHINA
COMMENTS FROM CEO TORBEN MUNCH:
“The Asia Pacific region achieved a strong quarter from a sales perspective, aided by Orc’s strategic decision to offer products and services for trading on exchanges located on mainland China. We are excited about the many opportunities arising as the Chinese markets open up for trading. Orc’s track record as an established vendor with proven solutions makes us well positioned to capitalize on the significant interest in these markets.
The positive market response to the Tbricks acquisition continues. Several clients have committed to migrate to the new Orc Tbricks platform, and our account management teams are working closely with these clients to ensure a smooth transition.
While the market challenges persist, we can also see that the current environment presents good opportunities for vendors who can deliver outstanding products and customer service.”
ABOUT ORC GROUP
Orc is the global market leader in electronic trading technology for listed derivatives. Successful trading desks depend on Orc to deliver unrivaled next-generation derivatives trading and electronic execution solutions, which they require to stay ahead of the competition.
Dedicated to long-term partnerships and continuous innovation that delivers results, Orc serves the needs of leading trading firms, market makers, banks and brokers worldwide. With 200 customer sites in more than 30 countries, access to over 150 trading venues and offices in each of the world’s key financial centers, Orc offers true global capabilities.
Combining our technology and financial industry expertise, including a solid understanding of regulatory issues, Orc also provides expert advice and services that help reduce complexity and cost, while enabling clients to stay fully focused on their core trading activities.
Orc is owned by Orc Group Holding AB, which in turn is majority-owned by Nordic Capital Fund VII.
For more information visit: orc-group.com
CEO Torben Munch, phone: +46 8 506 477 35
CFO Tony Falck, phone: +46 8 506 477 24
The information in this interim report is subject to the disclosure requirements of Orc Group Holding AB under the Swedish Securities Exchange and Clearing Operations Act and the Financial Instruments Trading Act. The information was released for publication on August 20, 2015, 8:00 a.m. CEST.
N.B. The English text is a translation of the Swedish text. In case of discrepancy between the Swedish and the English text the Swedish version shall prevail.