WALL STREET SYSTEMS NAMES SEAN McDERMOTT, COUNTRY MANAGER, JAPAN

New country manager brings 15 years of experience in Japanese financial industry.

Tokyo and Singapore, October 29, 2002 - Wall Street Systems, Inc., a leading provider of global treasury and capital markets solutions and services, today announced the appointment of Sean McDermott as country manager, Japan. Based in the company's Tokyo office, Sean will take responsibility for Wall Street Systems in Japan, working with existing clients in Japan and with Wall Street Systems key business partner in the region CTC-FE corporation, an Itochu Techno-Science corporation which is a major Japanese IT and consultancy organization.

Sean, a Japanese speaker, joins Wall Street Systems from FNX Limited and has lived and worked in Japan for fifteen years. In his previous position, he was responsible for opening and developing the FNX Tokyo and Singapore offices, successfully selling to both the banking and corporate sectors.

"Sean possesses extensive knowledge of the Japanese market. His relationships with major financial institutions and corporates over the years have given him a thorough understanding of the issues facing Japanese companies today" said Bernard Barnes, regional director, Wall Street Systems. "This appointment marks a significant escalation of our operations in Japan, and strengthens the company's network of offices in the Asia Pacific region. As country manager, Sean will apply his expertise and leadership to growing the company's presence in Japan and we are confident in his ability to maximize this opportunity."

Building on its success in North America and Europe, Wall Street Systems has significantly expanded its Asia Pacific headquarters in Singapore over the last two years, and currently serves many of the region's largest financial institutions.

"In order to remain competitive in today's environment of rapidly changing regulation and increased organizational complexity, financial institutions and corporates in Japan are looking to automate their treasury operations to make them faster and more efficient," said Sean when asked about the Japanese market. "I look forward to bringing the technological advantages of the Wall Street System* treasury engine to Japanese organizations and helping them to transform their infrastructure. As a result, they will be better placed to gain real competitive advantage in these challenging times."

Wall Street Systems currently has strategic relationships with many of the world's largest financial institutions, including eight out of the top 20 banks in the world; and a significant number of the top global corporations.

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