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Vhayu expands European operation to meet growing client demand

CEO Jeff Hudson to speak on MiFID at DWT London

New York, May 17, 2006 – Today at Dealing With Technology London 2006, Vhayu, a leader in streaming tick processing and persistence software, announced today that is has opened a new office in the City of London. This is a result of the significant growth in demand for Vhayu technology amongst UK based financial institutions and the need to support existing European clients more effectively. The office will initially be staffed by five people including four customer support staff and a sales manager.

A growing number of major London-based brokers are signing up for Vhayu Velocity, the firm’s market data analysis platform, while there is also significant interest in Reuters Tick Capture Engine which is powered by Vhayu Velocity and sold and supported by Reuters.

Jeff Hudson, CEO of Vhayu said, “Having already received strong indications of interest from participants in this region, we are confident that we can grow the European business significantly and are extremely positive about our growth. In the last few months there has been an increasing interest in our Velocity tick processing and persistence platform which enables tick data to be analyzed for best execution and published out transparently by all system internalizers, as well as stored for five years. This helps firms meet the compliance requirements of MiFID.”

In addition, Vhayu’s CEO Jeff Hudson will be speaking on MiFID compliance on Wednesday 17th May at DWT, London. In this session he will discuss:

· Are we headed for 1 million ticks per second sooner than we think?

· How is tick capture technology being implemented for algorithmic trading, VWAP, TCA and compliance monitoring?

· As the amount of market data increases can technology reach zero latency for real-time data analysis?

· Examining the similarities and differences between stream processing, complex event processing and tick processing & persistence.