FAME Information Services Delivers Forward Curves Capabilities to Reduce Operating Risk

New module for flagship data management tool facilitates capturing, managing and analyzing forward market prices

NEW YORK and LONDON--June 2, 2003--FAME Information Services Inc., a leading provider of historical and reference data management solutions for the financial, energy and public sector markets, today announced the launch of its Forward Curve module for EnergyServer(TM). The new module's capabilities provide a fast, user-friendly tool for traders, analysts and managers to access and manipulate centrally stored forward curves data, eliminating the need for spreadsheets, emails and other ad-hoc data sharing schemes.

Designed to accurately handle all the different forward curve structures commonly found in oil, gas and electricity trading, the module uses a "wizard" to guide the user step-by-step through the set-up of a forward curve, defining the curve's period structure, its relationship to other curves and external price sources, its trading pattern,! market expiry rules, and holiday calendar. EnergyServer centralizes the storage of internally generated forward price data, placing it under the same management as externally sourced market data and providing data validation and audit trail facilities.

"A significant advantage of EnergyServer's Forward Curve Module is the ability to appoint responsibility for particular curves to the middle office, which usually gathers and constructs the master curves for mark-to-market and for calculation of VAR and other key risk measurements," said Chris Hambrecht, product manager at FAME Information Services. "Operational risk is also addressed by simple validation routines, which check values entered by traders against markers such as previous days' prices. Audit trails and logs of validation results provide additional valuable control," he added.

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