Financial Tradeware Announces 3 Successful Implementations of UltraSuite

Singapore, Sibos, Wednesday 22nd October 2003 - Financial Tradeware Plc (booth 6014), provider of STP Portfolio Management and Brokerage software for Investment Managers and Hedge Funds, today announced that its pilot clients, Eurasian Portfolio Management (EPM), European Investment Management (EIM) and Europienne de Gestion Privie, have been able to improve their trading processes through implementation of the UltraSuite(tm) solution.

EPM is based in Geneva and actively trading since 1999; the company has now been live on Financial Tradeware's UltraSuite(tm) Straight Through Processing trading and accounting solution for three years. EPM has contributed to the development of UltraSuite(tm) by using the solution in a production environment and feeding back specifications and recommendations to Financial Tradeware.

Emmanuel Tzanos, Chief of Trading at EPM comments: "The use of UltraSuite(tm) at EPM has enabled us to implement an STP policy throughout the company which has in turn helped us to achieve greater efficiency and reduce operational risk. The application also allows us to better control regulatory and compliance issues."

Europienne de Gestion Privie is a French Investment Management company based in Brodeaux and Toulouse that has been live on UltraSuite now for six months. The company is authorized by the French Regulatory body COB and will be shortly opening a branch in Rome.

EIM is a Hedge Fund based in the Bahamas trading from 2001. EIM has also been using UltraSuite for two years but with a different model. The fund administrators, Deerfield, are connected directly to Financial Tradeware's system through a secure connection, which also uses Verisign digital certificates. This enables them to retrieve real time data on all of their fund activities.

Sandra Gilbert, Client Relations Manager at Deerfield Fund Services in Nassau explains: "As a pilot user of the Financial Tradeware Services package, Deerfield has been pleased with the program. The system allows the administrator to track daily account movements, which simplifies the reconciliation process of the monthly broker statements."

Alberto Fontana adds: "We have been very pleased with our pilot implementations and we look forward to announcing other new clients shortly."

If you would like to find out more or would like to schedule an interview please visit Financial Tradeware on booth 6014.

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