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FLEXTRADE NAMED “BEST VENDOR FOR ALGO TRADING” FOR 2006

Honored at FX Week Best Banks Awards Dinner

FlexTrade Systems, the pioneer in multi-asset algorithmic execution management systems, today announced it has been named by FX Week magazine as the Best Vendor for Algo Trading in the world.

The award was given as part of FX Week’s 12th annual “Best Banks Awards Dinner, which was held in London on November 14. Results of the awards were based on a survey of 4,188 FX market professionals in August and September 2006. Participants were asked to nominate their preferred banks, brokers and vendors in 39 categories ranging from spot, forwards and options FX, major and emerging markets currency pairs, regional centres, research and strategy, post-trade service, CLS services and technology.

“It’s more than an honor to be chosen as the “Best Vendor for Algo Trading,” said Vijay Kedia, president and CEO of Flextrade Systems Inc. “It’s a validation of our overriding goal to be the premier choice for traders when it comes to algorithmic trading in the foreign exchange market. Since our founding in 1996, we have always striven to be the pioneer and global leader in the market. In that vein, no other firm can match the robust array of foreign exchange trading capabilities available through our broker-neutral trading system, FlexFX. And, I’m also proud to announce we are rolling out the next step in the evolution of FX trading – MilanFX, the first block FX trading platform that provides a level playing field to both the buy- and sell-side.”