PORTWARE INTRODUCES NEXT GENERATION FX TRADING SYSTEM

Portware FX Offers Unparalleled Access to Global Liquidity.

New York, June 10, 2008 – Portware, a leading provider of global, multi-asset trading solutions, today announced the addition of significant new features to its FX product. Portware FX provides clients with a real-time aggregated view of the FX marketplace through a single, fully customizable, broker-neutral front end. Portware FX aggregates liquidity from multiple pricing and execution venues including banks, ECNs, and dealers, and presents it as a single, consolidated FX order book.

In addition to aggregating liquidity from multiple dealers and execution venues, Portware FX offers numerous advantages over traditional FX platforms in terms speed, operational efficiencies and support for advanced order types. Using Portware FX, traders can view complete depth of book across all currency pairs and configure the front end to meet their individual trading styles and preferences. Additionally, Portware FX allows users to easily deploy rules-based and algorithmic trading strategies, driving increased efficiencies and allowing traders to access new opportunities in global currencies. The system also supports the use of advanced order types that are non-native to many trading venues, such as single dealer portals.

Eric Goldberg, CEO, Portware, comments, "As FX trading volumes continue to increase world-wide, clients are seeking out increasingly advanced trading tools. Portware FX is a groundbreaking solution that gives traders unparalleled control over their FX order flow. With Portware FX, we have provided a streamlined interface to dealer and ECN liquidity, an advanced front-end trading platform, and a customizable framework for development of rules-based and algorithmic trading strategies."

Ary Khatchikian, President and CTO, Portware, adds, "We are pleased to introduce new features to our Portware FX product that will help our clients meet the demands of an increasingly dynamic trading environment. As our clients' business and trading requirements evolve, Portware will continue to deliver innovative trading solutions and best in class technology."

Media Contacts:

Cognito UK
Rod de St Croix
portware@cognitomedia.com
+44 (0)20 7438 1100

Cognito US
Loretta Mock
portware@cognitomedia.com
+1 646 495 5550

About Portware

Portware develops and sells multi-asset, automated and algorithmic trading software and solutions to the global securities marketplace. As the only wholly independent execution and order management trading systems provider, Portware supplies traders with true broker-neutral solutions to facilitate best execution. The company’s suite of products includes a trading platform which supports FX, Single Stock, Portfolio, Program, Pairs and Index trading coupled with a powerful black-box Algorithmic Engine, the Portware Strategy Server which offers a completely customizable central trade portal to conduct a comprehensive range of trade activity. Since the company’s launch in 2000, Portware solutions have been implemented at more than 100 firms worldwide, including quantitative hedge funds, traditional asset management firms and sell-side program trading desks.

Portware’s event-driven, multi-threaded architecture has quickly become the industry standard for high-frequency trading. On top of this architecture, Portware offers an extensible feature set tailored for different asset classes and trade styles, as well as tools for TCA, risk management and real-time reporting and a combination of pre-packaged and third-party algorithms and analytics.

Portware offers the ability to create proprietary algorithms to control every aspect of trade management or execution, from automated market-making, to hedging, crossing and full orderbook management. These strategies can be executed by traders from within Portware’s user interface or automated using the Portware Strategy Server, a high-speed algorithmic engine for execution and order management.