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BT RADIANZ LAUNCHES RADIANZ PROXIMITY SOLUTION IN ASIA

Hong Kong (10 May, 2006) - BT Radianz, a leading global provider of financial connectivity services, today announced that it has expanded Radianz Proximity Solution into Asia to provide low latency access for market data or trade execution in Singapore, Hong Kong and Tokyo.

MetaBit Systems, a leading Tokyo-based provider of multi-venue liquidity solutions, and TraderForce, a leading provider of European financial information, are the first clients to deploy Radianz Proximity Solution in Asia. By utilizing this solution, they are able to host their market data and trading applications adjacent to Asia based clients and execution venues.

Having launched Radianz Proximity Solution in North America last year, and in Europe in January 2006, BT Radianz is now expanding its global hosting and direct market access (DMA) capabilities to Asia. Radianz Proximity Solution benefits the buy-side community with high speed connectivity to local broker-dealers that provide access to multiple trading venues across Asia.

Kevin Covington, Head of Product Development, BT Radianz, said: “We have seen tremendous growth in algorithmic trading in Europe and North America. The buy-side community in Asia is following suit and looking for ways to deploy new, advanced trading strategies to remain competitive. In addition, traders around the world are looking for direct access to Asian liquidity pools. Radianz Proximity Solution meets this demand by enabling DMA in Asia and providing low-latency market data.”

Jean Michel Blanco, Founder and Chief Executive Officer of Traderforce, said: “The decision to utilize Radianz Proximity Solution in Asia is critical to our strategy in the region. The solution allows us to extend our global presence and provide our clients with low-latency access to key markets in Asia.”

Daniel Burgin, CEO, MetaBit, said: “Radianz Proximity Solution provides our buy-side client base, particularly hedge funds and asset managers, efficient access to traditional and DMA brokers in Tokyo. The decision to work with BT Radianz was straightforward because MetaBit wanted to work with a reliable service provider with deep knowledge of the finance industry’s requirements and a strategic vision on Japan and Asia.”