WALL STREET SYSTEMS SIGNS PARTNERSHIP AGREEMENT WITH PEACE SYSTEMS INTEGRATION AND ANNOUNCES BANK OF TAIWAN AS FIRST CUSTOMER IN GREATER CHINA

New York, Singapore and London, October 22, 2003 - Wall Street Systems, Inc., a leading provider of global treasury and capital markets solutions and services, today announced that it has signed a distribution agreement with Peace Systems Integration (PSI), a leading technology provider and systems integrator in Taiwan. PSI will be responsible for marketing and selling The Wall Street System® treasury engine in Greater China. Following closely on the news of the partnership agreement, The Bank of Taiwan - the number one government bank in Taiwan - has selected Wall Street Systems, becoming its first customer in the Greater China region and building on Wall Street Systems' existing customer base in Asia Pacific.

"The Wall Street System treasury engine provides efficient Straight Through
Processing and will interface with our core banking system, allowing us to
manage our cash flow and foreign exchange positions in real time - enhancing our ability to compete more effectively with international and private banks in the region," said the Bank of Taiwan Treasury Department. "In addition, Bank of Taiwan will also utilize the Fixed Income and Derivative modules to expand the treasury coverage."

Daniel Cherng, general manager for solutions & services at Peace Systems Integration, said: "As part of our vision to be the best solutions and services provider in Taiwan, Wall Street Systems is a key addition to our exclusive list of third-party suppliers. With our extensive local knowledge and strong relationships with customers, and Wall Street Systems' proven experience in providing premier treasury solutions to some of the world's largest banks, together we are well placed to meet the needs of the region's financial institutions."

"Wall Street Systems continues to invest in the important and strategic Asia
Pacific region, growing our offices in Singapore, Tokyo and Sydney and
increasing customer numbers. The local knowledge, capabilities and resources now available through our recent partnership with PSI will reinforce our sales and marketing efforts in Greater China. As demonstrated by this announcement of our first customer win in Taiwan, we are confident that Asia Pacific will continue to be the fastest growing geographical region for WSS," says Michael Thrower, director of marketing, Wall Street Systems.

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