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KENNEDY CAPITAL MANAGEMENT SELECTS INDATA FOR COMPLIANCE, TRADE ORDER MANAGEMENT

Firm live with INDATA Precision Trading system

SAN DIEGO, CA, October 5, 2004 – INDATA, the industry-leader in advanced enterprise software solutions for investment management firms, today announced that Kennedy Capital Management, based in St. Louis, MO is live with the INDATA Precision Trading system.

After a comprehensive review of OMS vendors including Charles River Development and EzeCastle, Kennedy Capital selected INDATA to replace their current Moxy system from Advent Software. Precision Trading provides "what if" modeling, pre and post-trade compliance, trade order management and FIX trading capabilities based on the latest technology from Microsoft.

"We looked at a number of OMS vendors and found that INDATA offered the most comprehensive set of capabilities for the money," commented John Laux, Head Trader. "Now that the system is in place," continued Laux, "we can better automate our trading operation. Precision Trading provides much more sophisticated functionality than our previous system in the areas of compliance, portfolio modeling, and FIX Trading," he added.

"For leading edge trading organizations like Kennedy Capital, Precision Trading is the system of choice," commented David Csiki, Managing Director of INDATA. "We are very pleased to add Kennedy Capital to our fast growing list of clients," he added.