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POINT NINE PROVIDES LOCAL CURRENCY EMERGING MARKET INTEREST RATE DERIVATIVE RISK MANAGEMENT TO HYDRA CAPITAL MANAGEMENT

London – May 9 2006 Point Nine Financial Technologies announced today that it has incorporated full processing for Mexican Tiie Swaps into its flagship risk management system, FinanceBelt, in response to a request from London based client and Emerging Market Fixed Income specialist, Hydra Capital Management.

“We believe an effective risk management system must be able to store and risk manage all the instruments traded in one place. Otherwise as soon as you take a position in a non-vanilla or structured position you are back to the dreaded spreadsheets for just the instruments you most need to be handled in a single robust framework. Therefore it is our policy to ensure we add new instruments promptly as our clients trading activities continue to embrace more and more specialist instruments. It took just a few days to add MTS’s to FinanceBelt thanks to Platforma© which we use to keep FinanceBelt at the cutting edge. We were very pleased to be able to deliver on Hydra’s requirements.” Says Len Fricker, Sales Director of Point Nine.