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Vhayu Velocity Chosen by Bear Stearns to Power Transaction Cost Analysis Module of its Advanced Algorithmic Trading Application

Los Gatos, CA — January 10, 2006—Vhayu, a leader in streaming tick processing and persistence software today announced that Bear, Stearns & Co. Inc., (NYSE: BSC) has selected Vhayu VelocityTM as a fast redundant intraday tick cache for their electronic trading engines. The decision to choose Vhayu was based on the speed and scalability of the VelocityTM platform.

"Vhayu’s software was designed specifically for market data and has built in scalability and reliability that we demand within our trading technology infrastructure," said Jerome Downey, Senior Managing Director of Bear Stearns.

"Many firms are now realizing that it has become increasingly more difficult to build in-house data analysis and storage solutions," commented Jeff Hudson, CEO of Vhayu. "Bear Stearns has chosen a best-of-breed approach from leading vendors to streamline their market data management requirements. We are pleased that Bear Stearns has chosen to make our unique patented technology a part of that solution."

Vhayu Velocity captures, analyzes, stores and publishes events while processing every tick of market data in real-time and historically, including full depth of the order book. Vhayu was awarded a patent in February of 2005 for its real-time financial search engine and method.