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Jiway and ex-it announce connectivity

London, 25 July 2001: ex-it, Austria’s leader in e-finance solutions, and Jiway, the pan-European stock exchange for retail investors, have today announced a partnership agreement that will lead to easier and more secure access to listed securities from the major global markets.

Jiway’s electronic order and quote driven exchange will combine with ex-it’s straight-through-processing online banking and brokerage solutions in order to provide stream-lined, economic access to multiple global markets. As European investors’ financial horizons continue to expand, a growing number of ex-it’s institutional clients in Central and Eastern Europe are seeking access to the larger pools of liquidity in Europe and beyond. Internet technology now offers secure access to remote markets at a fraction of traditional telecommunication costs.

ex-it’s certification as a Jiway ISV (independent software vendor) brings together a powerful new combination of Jiway’s pan-European market and ex-it’s Internet expertise. ex-it Chairman, Christian Imo, said, "The ease and efficiency achieved by the best e-finance solutions are making significant contributions to lowering traditional barriers and shrinking the financial geography of Europe. Through our partnership with Jiway, we aim to contribute further towards that progress, and so we are very pleased to offer our customers easy and secure access to Jiway."

ex-it UK CEO Peter Sharrock said, "Our clients throughout Europe are attracted to the simplicity and cost-effectiveness of using the single Jiway gateway to access the major European and US stocks. ex-it and Jiway products will complement and enhance the system to appeal to an ever-broader range of investors."

Jiway’s Chief Operating Officer Ian McNeil commented, "Reducing the cost and difficulty of accessing multiple markets is what Jiway is all about. ex-it is assisting us in that endeavour by providing a top-class Internet-based front end solution allowing those banks and brokers that want to connect to the Jiway exchange to do so in a particularly cost-effective manner."