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FLEXTRADE NAMED “BEST ALGORITHMIC TRADING TECHNOLOGY VENDOR” FOR 2007

Notches Honor for 2nd Consecutive Year at FX Week’s 4th Annual Congress

FlexTrade Systems, a leader in multi-asset algorithmic execution management systems, today announced it has been named by FX Week for the second consecutive year as the Best Algorithmic Trading Technology Vendor in the world.

The award, given by the editors and judges of FX Week during their fourth annual US congress in New York, singled out FlexTrade’s FlexFX as being the best algorithmic trading solution for foreign exchange in terms of technology and the range of services provided to clients. Other contenders in the field included DEALhub, FXall, Icap and Lava.

Flex FX is a broker-neutral solution that provides robust and flexible foreign exchange trading capabilities, helps to minimize market impact, transaction costs and risk exposure with an array of tools for implementing intelligent trading strategies, including user-defined analytics for real-time quantitative trading and order management. In addition, the system operates as a real-time, risk management tool, and allows traders to create individual trading strategies with fully customizable analytics and visual alarms coupled with integrated quantitative capabilities, smart routing connectivity and real-time data.

“We are honored and gratified to be chosen for this high distinction,” said Vijay Kedia, president and CEO of Flextrade Systems Inc. “Winning it for the second consecutive year further confirms that FlexFX is not only the best foreign exchange trading solution in 2007, but also offers the functionality and adaptability to stand the test of time.”