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Orc names Siag Consulting as service partner

Wed, 7 Mar 2012 13:33:34 EST

Stockholm, SWEDEN – Orc Group AB (SSE: ORC), a leading provider of technology and services for the global financial industry, today announced a partnership with Siag Consulting International, a major consulting and systems implementation specialist based in Madrid. Siag has joined the Orc Vantage partner program as an independent service partner, providing consultancy to Orc customers and supporting key markets for Orc's successful trading technology. In addition to its principal market Spain, Siag has capabilities to also serve customers in Germany, Portugal, Latin America, and the United States.

Over recent years, Siag Consulting has steadily expanded its international presence as professional services consultants who support systems and sophisticated applications for clients who include Tier 1 investment banks. From its core expertise in risk management, Siag Consulting now offers a wide range of services to clients, including systems integration and support services for trading systems operations.

'We have come to know and appreciate Siag Consulting as a solid partner within our existing Spanish customer sites who have required additional local assistance. Due to the feedback received, we are happy to introduce Siag to our existing customers who need additional Orc expertise, as well as to new prospects who are looking to outsource implementation, integration projects or services,' said Pasquale Ricci, Sales Manager Spain, Orc. 'Siag has a fine track record as risk management experts and has added key trading technology skills, which makes them well suited for working with some of the most demanding Orc users. A local professional service provided by experts is also vital to reduce the time to market and manage the expansion of the application in new trading areas.'

'We are delighted about this important partner agreement with Orc for our markets and clients, and have noted the shift in Tier 1 clients towards state-of-the-art trading technologies,' said Jose Antonio Oropesa, CEO, Siag Consulting. 'Cutting-edge front office systems provide significant competitive advantage for our international clients and our role is to ensure that the advanced technologies they select are properly implemented and supported locally in the preferred format. We now look forward to working even more closely with Orc to ensure clients' satisfaction when using Orc's advanced trading solutions.'

About Siag Consulting
Siag, a Consultancy Firm specialized in Investment Banking and Technology, has been in the field for more than a decade bringing the experience and know-how of our functional and technical consultants to meet the expectations of our customers, helping them in trading, treasury and Risk environments.

Our natural habitat covers investment banking, treasury - both sell-side and buy-side - insurance and, of course, technology within the financial environment. Our fields of expertise range from FO platforms to cutting edge issues such as algorithmic trading. At Siag we also pay special attention to all the regulatory changes as a result of Basel III accord, developing projects such as CVA Calculation.

Siag insurance division offers thorough understanding of the insurance sector and helps provide our clients with the most adequate tools for both risk management and actuarial business consultancy.

About 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. Orc Group is listed on Nasdaq OMX Stockholm (SSE: ORC).

Source: WebWire

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