· Combination creates capital markets’ most powerful trading and
connectivity technology offering.
· Addresses latest financial market challenges and emerging technology
· Group will continue to develop existing strong product brands within a
two business division structure.
STOCKHOLM–(BUSINESS WIRE)–Regulatory News:
Orc Group (STO:ORC)
Orc, a global market leader in electronic trading technology, today
announced that Cidron Delfi S.à r.l*, the owner of Orc Group Holding AB
and CameronTec Intressenter Holding AB, the global standard in financial
messaging infrastructure and tools for the capital markets industry,
intends to combine both companies under a new entity.
Following Cidron Delfi Intressenter AB’s acquisition of Orc Group AB in
2012, Orc and CameronTec have operated separately, to enable the
companies to fully focus on their respective product and client niches.
The execution of ambitious plans has resulted in two market leading
trading technology companies, each offering competitive solutions and
services to the global capital markets industry.
With financial markets across the globe maturing electronically, and as
IT budgets continue to be squeezed amid continued introduction of
tighter regulatory measures, the resulting heightened pressure is
forcing firms to streamline their trading technology. The time is now
right to offer the market a truly comprehensive fully flexible
infrastructure and trading solution built for the future.
“We are excited to be joining forces with CameronTec. Through its
financial messaging infrastructure and services business the company has
emerged as the global industry standard. CameronTec’s growth over the
last few years – from focusing on a relatively niche product set, to now
offering enterprise customer connectivity and onboarding solutions – is
impressive.” said Torben Munch, CEO Orc Group AB. “The combination of
Orc’s next-generation solutions for trading and electronic execution
together with CameronTec’s market-leading connectivity and onboarding
offering is highly compelling. We will now be able to address expanded
customer requirements for technology infrastructure, offering
regulation-proof solutions and real cost savings for clients across all
“Today’s financial markets require broad technology solutions, enabling
the replacement of aged legacy technology within banks and other
financial institutions,” says Anders Henriksson, CEO of CameronTec
Group. “At the same time, a modular approach is crucial, allowing for a
flexible technology stack with a high level of optionality. The combined
group will provide just this, a sophisticated and reliable trading
infrastructure covering a number of asset classes, allowing our
customers to focus on core business issues. We are confident that this
new combination will greatly benefit both existing and new customers.”
The new combined group will be headed up by CEO Torben Munch and
Executive Vice Presidents Tony Falck, Anders Henriksson and Troels
Jensen. The group will continue to develop its existing strong product
brands within a two division structure. The Trading & Trade Execution
division will be run by Torben Munch. The Infrastructure division will
be run by Anders Henriksson.
An investor telephone conference (in English) will be held on Thursday,
October 15, 2015 at 3.00 p.m. CEST. Register by e-mail at email@example.com
or phone +46 8 506 477 00 no later than October 15, 2015 at
1.00p.m.CEST. When registering please include your name, e-mail and
*A company indirectly controlled by Nordic Capital Fund VII
Orc is a global market leader in electronic trading technology for
listed derivatives. Successful trading desks of premier institutions
rely on Orc to stay ahead in increasingly dynamic and competitive
markets. We deliver unrivaled next-generation solutions for advanced
trading, market access and electronic execution to leading trading
firms, market makers, banks and brokers worldwide. With 200 customers 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. Orc recently acquired Tbricks AB.
Orc is owned by Orc Group Holding AB which in turn is majority-owned by
Nordic Capital Fund VII.
About CameronTec Group
CameronTec Group is the global standard in financial messaging
infrastructure and tools for the Capital Markets industry that today
powers the largest user base among financial institutions. Uniquely
positioned as a software and service provider for enterprise, hosted and
managed platforms, our dedicated professional services team ensures
optimal integration and deployment performance.
CameronTec’s flagship offering Catalys is underpinned by market-leading
connectivity technology and engineered on the widely acknowledged
standard in FIX engines, CameronFIX. Catalys Market Access offers
FIX-powered gateways to more than 60 equity, derivative and FX markets
across the globe, as a locally deployed or managed / hosted service.
Complementary FIX integration, testing and management solutions that
include VeriFIX, FIX Conductor and FIX Technician CTS, build out a
complete offering to provide end-to-end global connectivity solutions
for any electronic trading environment, using or migrating to FIX and
proprietary protocols. CameronTec recently acquired four companies among
others US based Greenline Financial Technologies and Lasalletech.
CameronTec’s solutions are tested and trusted by the world’s leading
firms in over 50 countries, on all five continents, representing the
broadest cross section of tier 1 and 2 investment banks, brokers, fund
managers, exchanges, regulators, and members of the ISV community.
CameronTec is owned by Nordic Capital Fund VII.
The information in this press release is subject to the disclosure
requirements of Orc Group Holding AB under the Swedish Securities Market
Act and/or the Swedish Financial Instruments Trading Act. The
information was released for publication on October 14, 2015, 8:00 a.m.
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
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