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 geographical regions.”
“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 firstname.lastname@example.org 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 phone number.
*A company indirectly controlled by Nordic Capital Fund VII
About Orc 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.