Kingland Systems Provides Investec Ernst, MM Squared with Automated Executions for Market Maker Orders at Pacific Exchange.

Kingland Systems Corporation, a provider of premier automation solutions for business and government, is pleased to announce that its industry-leading Options Black Box routing engine supports market maker order designation for options orders routed to the Pacific Exchange. This enhanced functionality provides broker-dealers, including specialists and market makers from other exchanges, with automated executions at the Pacific Options Exchange Trading System. Kingland's Options Black Box supports this new function for both FIX and CMS message protocols.

Kingland Systems partners and clients currently taking advantage of this capability include MM Squared, LLC (MM2), a recognized leader in technologically advanced options market making and trading systems, and Investec Ernst & Company, one of the top U.S. firms in options execution, clearance and settlement services.

Kingland Systems introduced Options Black Box in 1998, providing trading firms with automated options routing to multiple exchanges. Today, Options Black Box provides dozens of trading firms with instantaneous access to all U.S. options exchanges. Different message formats and communication protocols as well as unique connectivity and testing procedures at each exchange can make the cost and complexity of connecting to all of the exchanges prohibitive for trading firms. Kingland Systems' Options Black Box shields firms from these complexities, enabling options traders to concentrate on what they do best - trade options. With a single connection to a public frame relay network, a firm can begin trading options immediately.