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Orc, a global leader in derivatives trading technology, today announced that Orc Group Holding AB´s owner Cidron Delfi Intressenter Holding AB (a company indirectly controlled by Nordic Capital Fund VII) has signed an agreement to acquire 100% of the shares in Tbricks. The intention is to transfer the ownership to Orc Group AB, which will occur once consent has been obtained from SEB according to the terms in Orc Group´s loan agreement with SEB.

Corvil, the IT data analytics company for business in the Now, today announced that Dan Kennedy has joined Corvil's executive team as GM of Americas and Vice President of Sales. Formerly at Riverbed Technology, Dan led an organization responsible for the largest global clients. Kennedy brings eighteen years successful enterprise sales experience to Corvil. Kennedy's appointment comes alongside other efforts by Corvil to accelerate growth, including the promotion of Elaine Giblin to VP of International Sales.

First Derivatives, a leading provider of software and consulting services to the capital markets industry, todayannounces that its Delta Stream product has been selected by EBS, ICAP’s market leading electronic FX business, as part of a new Data Analytics as a Service initiative. The solution will build on EBS’s ability to maximise execution rates at best prices and demonstrate that capability to existing and potential new clients. It is provided under an initial three year managed service contract.

Union Investment, one of Europe’s leading asset managers, has successfully added the OTAS platform to its portfolio management process. OTAS Technologies is a decision support partner to the world’s largest global institutions. OTAS delivers intelligent decision support through a secure provide cloud platform, adding to Union Investment’s trading processes.

Cinnober Financial Technology today announced the signing of a prestigious order with Euronext, the pan-European exchange group. The deal is for a trade validation and confirmation solution that will run on the proven TRADExpress technology and be adapted to Euronext’s specific requirements.

smartTrade Technologies, a global leader in sophisticated cross-asset trading solutions for buy and sell side financial institutions, announces its ongoing expansion into the Asia Pacific region with the opening of a new office in Singapore.

Nissan Century Securities will deploy SunGard’s Valdi and Stream Clearvision as a managed service to support its Japanese equities, derivatives and commodities businesses.

DataArt, a global custom software development partner for the financial services sector, announced the completion of FlowTrader for Fintratech, a leading provider of trading simulations for institutional clients. The project involved re-architecting Fintratech’s existing simulator to create a more modern, robust and scalable tool that ensures flawless deployment and improves overall user experience.

AIM Software, the leading provider of data management software products to the financial services industry, today announced the availability of GAIN Quant DB, a new application helping asset management firms simplify and accelerate the research process by automating the once tedious task of data preparation. As a result, asset management firms gain in efficiency and model accuracy, and they keep control of the know-how about the models developed by their quants.