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GISSING SOFTWARE ANNOUNCES DEVELOPMENT OF MARKET DATA FEED HANDLER FOR BLOOMBERG'S PHATPIPE

Gissing adds to existing range of feed handlers which includes EBS feed

London, 6 December 2005 – Gissing Software, solution specialists in the routing and transformation of real-time market and trade data, today announced that it has entered into an agreement with Bloomberg to licence the API and development kit for Bloomberg's PhatPipe high-bandwidth market data feed. Gissing has already begun developing a market data feed handler for PhatPipe – Gissing PhatPipe MDF – which is scheduled for release to existing and new customers during the first quarter of 2006.

The Gissing PhatPipe MDF will enable subscribing organisations to deliver PhatPipe data – including Bloomberg data, data from exchanges, and contributed data – to their own internal market data distribution platforms and to other applications of their choice. Gissing Software’s unique, high performance data handler technology ensures that users can deliver real-time market data immediately to appropriate applications across the organisation.

Gissing Software plans to offer low-cost trial licenses of Gissing PhatPipe MDF to user organisations allowing them to test the use of PhatPipe data for a trial period of three months. Users can decide at the end of the trial period if they would like to move to a full implementation of Gissing PhatPipe MDF.

Richard Gissing, CTO, Gissing Software, said: "Bloomberg’s PhatPipe is designed to give financial institutions greater flexibility in how they use the information available to them. We are already seeing substantial interest from our existing customer base in the development of a PhatPipe market data feed handler which will enable them to get maximum benefit from their use of market data."

The Gissing PhatPipe MDF adds to Gissing’s existing range of feed handlers – including a feed handler for EBS Live and EBS Benchmark data. The latest release of the Gissing EBS Market Rates Feed has recently completed live testing and certification by EBS, and has already been rolled out to the first customers in London, New York and Singapore.