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Customization Critical for Buy-Side Business Agility, Says Correctnet CEO at Securities Conference

NEW YORK, NY, October 6, 2005 – Correctnet CEO Robert J. Miller today joins high-level middle- and back-office executives from leading financial institutions in discussing key business issues at the 7th Annual Buy-Side Securities Operations Conference. The annual conference, co-sponsored by The Summit Group and Citigroup at the Marriott Financial Center in Lower Manhattan, brings together financial luminaries representing all areas of the securities industry to examine current business challenges and exchange ideas.
Expert consultants and financial professionals, on-hand as expert speakers and panelists, will present problems and solutions spanning securities operations and technology, compliance, risk management, STP, and exception processing issues.

Correctnet’s Robert Miller, whose firm specializes in solving data management and publishing challenges, will address attendees on the benefits of using extendible data models in a presentation entitled: "Developing Mass Customization to Meet Client Needs."

"Mass customization—originally a manufacturing concept—refers to leveraging existing infrastructure to deliver high-quality products and services, efficiently and consistently," Miller says. "Agile businesses reuse their processes and systems time and again for multiple applications, and an important key to that ability is the adoption of extendible data models.

"Businesses that use extendible models gain tangible competitive advantages," asserts Miller. "Existing applications and databases gain new legs, and the cost and time-to-market for products and services deployed in multiple geographic regions, languages, currencies, and regulatory environments can be cut dramatically. As an additional benefit, business users can be given the ability to configure and personalize products and services to meet their specific needs."