Financial Tradeware Plc Launches Ultra Suite(tm), their STP Solution for Investment Managers and IFAs in the UK

London, UK 8th May 2003 - Financial Tradeware Plc today officially announced the launch of their Straight Through Processing (STP), Portfolio Management and Brokerage solution, Ultra Suite(tm), at a briefing they hosted at the London Business School.

Financial Tradeware Plc. provides Portfolio Management and Brokerage software solutions for Investment Managers and Independent Financial Advisors. Their Ultra Suite(tm) solution is the first product in the UK market to automate all trading and accounting processes across the front-, middle- and back-office. It provides SWIFT and FIX Users with seamless and automated communications for trading, clearing, settlement and reconciliation of trades and balances.

At the briefing today the London Business School presented the results of their independent research project about the Straight Through Processing rates of Investment Managers and Independent Financial Advisors in the UK. Delegates at the event heard presentations from high profile industry speakers; Teresa Nolan of SWIFT, who spoke at the briefing, comments "We welcomed the opportunity to participate at an event where Investment Managers and Independent Financial Advisers had the chance to take part in a knowledge sharing opportunity and therefore bringing real value to the people directly involved in STP."

Gianfranco Lande, CEO of Financial Tradeware Plc says "We are delighted to have launched Financial Tradeware into the UK market at the briefing today. We look forward to working with Investment Managers and IFAs in order to bring them the benefits of cost savings and operational efficiencies across their business. We hope that the event provided a platform for these organisations to understand how they can improve their Straight Through Processing rate and achieve high efficiency."

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