Flextrade and Traiana Harmony Team to Expand Algorithmic Trading for FX Prime Brokerage Submitted By: Flextrade Systems Inc Wednesday, 11 October 2006

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FlexTrade and Traiana Harmony Team to Expand Algorithmic Trading for FX Prime Brokerage Submitted by: FlexTrade Systems Inc Wednesday, 11 October 2006

FlexTrade and Traiana Harmony Team to Expand Algorithmic Trading for FX Prime Brokerage Automated Direct Link Between Traiana and FlexTrade Provides Dramatic STP Improvement for Both Sell-Side and Buy-Side Firms October 11, 2006 — FlexTrade Systems Inc. (http://www.flextrade.com), the leader in multi-asset algorithmic execution management systems and Traiana Harmony, the leading post-trade processing solution for the Foreign Exchange market, announced today a dramatic improvement in Straight-Through-Processing for FX Prime Brokerage. Hedge funds and asset managers using FlexTrade’s algorithmic trading systems enjoy a complete STP connection to the Traiana Harmony Network. The system has already been implemented between one the top Foreign Exchange Prime Brokers and a major Hedge Fund. Traiana Harmony, which has become the post-trade processing standard in the FX market, has extended its service into algorithmic trading with the integration of Flextrade to provide value to both sell-side and buy-side firms. Prime brokers connected to the Traiana Harmony network will be able to offer their clients straight-through-processing of algorithmic trades all the way through to booking. Trading firms can now take advantage of algorithmic trading without incurring the additional costs that come with increased volume and complexity. STP automation reduces errors, increases efficiencies, and expands the capacity of buy- and sell-side participants to handle increased order flow. Buy-side firms use FlexTrade for sophisticated algorithmic trading strategies across multiple electronic platforms. The direct connection to the Traiana Harmony network enables buy-side firms to automatically manage ticket notification through a single connection to their internal systems, prime banks, and custodian banks. “We have seen a tremendous interest in algorithmic trading in the foreign exchange market,” said Anand Iyer, vice president, co-head of Foreign Exchange, Flextrade Systems Inc. “Our relationship with Traiana, the leader in connectivity to FX prime brokers, will provide our buy-side clients the ability to expand their algorithmic strategies by improving the efficiency of post-trade processing. “ “We are excited to work with Flextrade and assist our sell-side clients with further automation of their prime brokerage operations and to enable new trading standards in the market,” said Illit Geller-Gurfinkel, Vice President, Business Development, Traiana, Inc About Traiana Inc. Traiana Inc. (www.traiana.com) provides global banks and broker/dealers with solutions to automate post trade processing of financial transactions to improve relationships between trading partners and clients, reduce operational risk, and to lower costs. Traiana’s FX Prime Brokerage solution, and the Traiana Harmony™ service for automating prime brokerage give-ups, are in use today by leading prime brokers, executing banks, buy-side firms and ECNs throughout the world. Traiana is headquartered in New York City with offices in London and Tel Aviv.

Page 1 About Flextrade (http://www.flextrade.com) Founded in 1996, FlexTrade Systems is the industry pioneer and global leader in broker-neutral algorithmic trading platforms and rules-based order-management and execution systems for equities, foreign exchange and listed derivatives. With offices in North America and Europe, Flextrade has a global client base spanning more than a hundred buy- and sell-side firms, including many of the largest investment banks, hedge funds, asset managers, commodity trading advisors and institutional brokers. For more information, visit FlexTrade Systems at www.flextrade.com. Press Contacts: Traiana: Illit Geller-Gurfinkel, +1 (646) 536 4936, [email protected] FlexTrade: Jim Tolve, +1 (516) 627 8993, ext. 222, [email protected]

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