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Vhayu Releases Velocity 6.0 to Manage Dramatic Rise in Market Data

Innovative Nano-Locking™ Method Delivers Increased Speed and Scalability While Providing Simultaneous Updating and Querying of Financial Market Data

Los Gatos, CA – June 20, 2006 – Vhayu, a leader in streaming tick processing and persistence software, today announced the launch of Vhayu VelocityTM 6.0 to significantly improve the speed and scalability of trading applications. Velocity 6.0 has incorporated features designed for global equities VWAP trading, as well as real-time and historical best execution quote and trade snapshots required for Reg NMS and MiFID.

Velocity, the patented market data platform, enables securities trading firms to capture, store, analyze and publish massive amounts of proprietary, historical and real-time market data, eliminating data latency and allowing trading applications to achieve best execution.

Optimized for new Intel® Xeon® Dual Core Processors, Velocity 6.0 provides advanced 64 bit Windows and Microsoft Visual Studio V8 support. The enhanced platform improves speed and scalability with innovative user controls for storage and segmentation of data. Now supporting over 40 global equities exchanges with its VWAP Publisher 3.0, Velocity 6.0 offers a new compression algorithm that delivers ultra-low latency data and increases storage capabilities, resulting in a significant advantage to trading systems.

Leveraging a unique Nano-Locking™ feature, Velocity 6.0 enables the application to lock a piece of data for multiple machine instructions, leaving previous ticks available for query. Developed specifically to meet the demanding requirements of financial market data, Velocity 6.0 simultaneously processes, queries and updates high-speed, dynamic data.

“Intel is committed to the powerful partnerships that enable us to deliver innovative products to significantly lower latency and meet the demanding requirements of mission critical financial applications,” said Nigel Woodward, Global Financial Services, Intel Corporation. “Our advanced Intel Architecture and 64-bit dual and multi-core processing capabilities enhance the advanced features of the Velocity platform, allowing firms to capture and analyze massive amounts of market data in real-time.”

“Our founders’ collective background in Intel chip design enables us to uniquely leverage Intel’s new multi-core architecture to deliver ultra low latency solutions to the financial market,” said Jeff Hudson, CEO of Vhayu. “Velocity’s innovative Nano-LockingTM functionality, combined with its superior multi-threading capabilities provides us with a huge advantage in speed and scalability when processing real-time streams of data. Today firms can process over 150,000 options messages per second (from the OPRA feed) with no deterioration in performance. Additionally, our unique architecture ensures customers that they will be able to scale to over 1,000,000 messages per second as data volumes reach these unthinkable levels.”