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DONALD SMITH & CO. SELECTS INDATA FOR FRONT TO BACK OFFICE INCLUDING TRADE ORDER MANAGEMENT AND PORTFOLIO ACCOUNTING

Greenwich, CT, May 22, 2006 – INDATA, a leading industry provider of software solutions for buy-side firms including trade order management (OMS), compliance, portfolio accounting and front-to-back office, today announced that Donald Smith & Co. based in New York, NY with $3.7 Billion in assets under management is now live with the INDATA I.M.S. system for front to back office including Trade Order Management and Portfolio Accounting.