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- Advanced functionality offers improved flexibility and performance for real-time trading environments

New York, 20 June, 2006 – Gissing Software, solution specialists in the routing and transformation of real-time market and trade data, today announced the immediate availability of Gissing RealtimeXL 2.1 which it will be demonstrating for the first time on the Microsoft booth (#2211) at the SIA Technology Management Conference in New York. Providing improved scalability and performance, Gissing RealtimeXL 2.1 enables financial institutions to simultaneously connect to and manipulate multiple sources of data from all major market data vendors, significantly improving front office trading environments.

Gissing RealtimeXL 2.1 delivers a number of key enhancements including built-in fault tolerance, improved subscription performance using Microsoft’s Real Time Data (RTD) technology and simplified user administration. When integrated with Contex MCS, the ability to automatically fail-over to a second output handler in the event of a system failure gives extra resilience and helps to ensure the integrity of market data. Users of Gissing ConteX MCS multi contribution system will benefit from this improved resilience when handling contributions through Gissing RealtimeXL.

Gissing RealtimeXL 2.1 further exploits the benefits of Microsoft’s Real Time Data (RTD) technology, to deliver even faster subscription to multiple data sources with reduced CPU usage. The solution also provides improved performance for SSL contributions to and from real-time market data platforms. Additionally, support is provided for the migration of real-time functions built using existing applications such as Reuters PowerPlus Pro, Bloomberg’s BLP and DDE real-time add-in, and RttMulti. Gissing RealtimeXL leverages built-in scalability to manage large numbers of instruments simultaneously in real-time, providing significant performance advantage to traders.

Nick Braybrooke, product manager for Gissing RealtimeXL said: “We’ve been very encouraged by the take up of Gissing RealtimeXL since releasing version 2.0 earlier this year. The solution has already been adopted by four major banks and pilot installations are up and running with more than twenty other organisations. Gissing RealtimeXL 2.1 delivers further performance benefits to end users – ensuring traders get the price and spread calculations they need in the fastest possible time.”

Bill Hartnett, general manager of strategy and solutions for Microsoft’s U.S. Financial Services Group, said: “We’re pleased that Gissing Software is joining us in our booth at SIA. Partners such as Gissing provide valuable vertical expertise, building their targeted solutions upon the Microsoft platform to serve the customer best.”