TreasuryPoint Trading by SEI Surpasses $3 Billion in Institutional Money Market Fund Assets

OAKS, PA, August 5, 2002 --, the site for corporate treasury professionals pioneered by SEI Investments (NASDAQ:SEIC), announced that its TreasuryPoint Trading platform recently topped $3 billion in institutional money market fund balances. Since its January 2001 debut, TreasuryPoint Trading has processed nearly $80 billion in trading volume.

TreasuryPoint Trading, the first Web-based institutional money market fund trading platform, now offers a total of 42 funds across 11 fund families, including AIM, American AAdvantage, Bank One, Dreyfus, Evergreen, Federated, Goldman Sachs, J.P. Morgan, Merrimac, Nations Funds, and SEI Investments.

"The remote capabilities are what really turned us toward online trading," said Chuck Howard, treasury analyst at Chicago-based electric utility company Exelon Corp. Before moving to TreasuryPoint Trading, Exelon's money market trades were all done over the phone. "The bottom line is efficiency. We're all trying to find the corners that we can cut to make things go a little bit smoother and with less people," Mr. Howard added.

TreasuryPoint Trading allows corporate financial professionals to manage their companies' institutional money market investing online, all in one place. Users can view daily rates from multiple fund providers on a single screen and instantly initiate multiple transactions with different fund companies with a single trade order. The site also provides treasurers with one consolidated report on their companies' holdings with different money market fund companies.

"We've added $1 billion to the average daily funds balance every six months since our launch," said Jack May, Senior Vice President at SEI Investments. "This steady growth is a reflection of both the quality of the fund partners available through TreasuryPoint and the operational advantages of investing online." also features the Optimizer, an advanced analytical tool which calculates a company's optimal short-term investing or borrowing options, as well as offers up-to-the-minute treasury market data, expert commentary and educational content targeted to corporate treasury professionals. Launched in October 1999, the site was developed by SEI Investments.

SEI Investments (NASDAQ:SEIC) is a leading global provider of asset management and investment technology solutions. The company's innovative solutions help corporations, financial institutions, financial advisors, and affluent families create and manage wealth. As of the period ending June 30, 2002, SEI administers $250 billion in mutual fund and pooled assets, manages $77 billion in assets, processes almost $50 trillion of investment transactions annually and operates 21 offices in 10 countries.

SEI Investments
Jack May

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