MARCH 22 2012
Orc Group, a leading provider of technology and services for the global financial industry, announced today that the Group will separate its businesses to enable the three operating companies to better focus on their respective product and customer niches. Orc, Neonet and CameronTec will continue its operations as before.
Thomas Bill, CEO of the Orc Group, has decided to leave the
company, following a phase where he will be driving the structural
separation of the Orc Group into three well-defined and more
focused businesses. Thomas Bill will also during a transition
period serve as acting CEO of Orc until a successor has been
installed.
Thomas Bill has successfully managed Orc Group over the last five
years to become the world's leading trading technology provider.
"As CEO of Orc Group, Thomas has been instrumental in driving and
accomplishing profitable growth, establishing new territories and
implementing strategic initiatives such as the new technical
platform for Orc," said Per E. Larsson, Chairman of the
Board.
"I am proud over the development of Orc Group during my time as CEO
and I am convinced that Orc, Neonet and CameronTec will become
stronger and more focused as separate businesses," said Thomas
Bill.
For further information, please contact:
Per E. Larsson, Chairman of the Board, tel: +46 8 506 477 79
e-mail: per.e.larsson@orc-group.com
About Orc Group
Orc
Orc is a leading provider of technology and services for the global
financial industry. Orc delivers trading and market access
solutions that are used by proprietary trading and market making
firms, investment banks, hedge funds and brokerage houses
worldwide.
Available as deployed software or as managed services, Orc develops
and provides the tools needed for running a profitable trading and
brokerage business in today's competitive and ever-changing
markets.
With market presence in all major global financial centers, Orc
provides sales and support services from its offices across the
EMEA, Americas and Asia-Pacific regions.
www.orc-group.com
Neonet
Neonet offers professional market participants flexible,
independent and transparent execution services based on advanced
trading software solutions. Neonet's services include a
comprehensive execution management system, advanced trading
algorithms, smart order routing, market data services and a trading
desk operated by qualified execution specialists. Neonet does not
engage in proprietary trading or any other financial activity that
could result in a potential conflict of interest. Neonet serves
clients in over 20 countries. Clients include banks, brokerage
firms, institutional investors, hedge funds and asset
managers.
www.neonet.com
CameronTec
CameronTec is the the global financial industry's long-standing
provider of FIX infrastructure and connectivity solutions. Its
market innovation Catalys takes FIX further and is the new industry
reference for FIX ecosystems.
Catalys is based on the industry's most widely installed FIX
engine, CameronFIX. CameronFIX is universally regarded as the
reference standard for reliable, mature FIX engine applications. It
is the outcome of 14+ year's continuous investment in performance,
scalability, interoperability and robustness. CameronFIX is today
used by boutique to larger investment firms, brokerage houses,
exchanges and regulators in 25 countries, on all five
continents.
www.camerontec.com
Orc Group is owned by Nordic Capital Fund VII.
www.orc-group.com