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IRIS FINANCIAL SYSTEMS LAUNCHES QUANTITATIVELY- ORIENTED PORTFOLIO MANAGEMENT SOLUTION

-eqTrader - component-based portfolio management system for fund managers

London, 17th April 2002 - Securities Industry World Conference 2002---

Iris Financial Systems, a leading provider of tailored, component-based financial software solutions, is today launching eqTrader, a sophisticated component-based equity portfolio management and trading system.

eqTrader is designed for quantitatively-oriented equity portfolio managers and hedge funds that need a flexible, integrated, complete front-to-middle office solution with real-time reporting capabilities.

eqTrader enables portfolio managers to automate the entire investment process from trade list generation through to execution while allowing them to view their portfolio risk exposures, returns and values in real-time, at any point throughout the day. The flexible architecture and the interchangeability of components within eqTrader gives Iris Financial Systems' customers a critical strategic advantage because the component can be easily integrated with proprietary and third party tools. Similarly, the execution interfaces are FIX compliant, which enables users to easily connect to a host of execution venues and prime brokerage services.

Kevin Galliers, VP Sales and Marketing, Iris Financial Systems, comments, "eqTrader represents our first customizable application software for a specific market need, and is built using the same component technology that is currently deployed in our bespoke trading solutions used by many of the world's largest global banks. eqTrader provides trade list generation, trade execution and real-time reporting/risk analysis functionality for portfolio managers in a single solution, yet allows the portfolio manager to customize various components, or plug-in third-party functionality, to meet specific requirements.

We work with our customers to craft a solution that provides complete front-to-back automation and real-time reporting in a component-based environment. eqTrader is just one solution from a complete component set that will be available for all aspects of the investment management process on both the buy and sell side."

In addition to providing solutions for the investment management process, Iris Financial Systems will apply its eleven years of industry experience to provide greater connectivity between buy and sell side, as well as order management, execution and regulatory reporting for the sell side.

For more information on Iris Financial Systems' eqTrader or to arrange an interview with a representative please contact Kelly Burke or Tom Coombes at Cognito on +44 (0) 20 7376 9775