Appix Financial Services Framework Certified by FICC for EPN

McLean, VA, Thursday, August 14, 2003 – Appix, a provider of customized technology services and solutions to the financial services industry, announced that the Fixed Income Clearing Corporation (FICC) has certified Appix’s MBS Allocations Module for Electronic Pool Notification.

Appix clients can now utilize the Appix MBS Allocations Module to deploy EPN solutions in as little as 90 days.

Along with automated pool notification, the Appix MBS Allocations Module provides real-time matching of EPN messages to TBAs; an auto-turn capability which reduces sell-side fails; and integrated inventory management supporting pool sorting and sifting on 48 hour day. The Appix MBS Allocations Module can be installed as a stand-alone inventory management solution, or can be tightly integrated with other front- and back- office systems.

The MBS Allocations Module is part of the Appix Financial Services Framework. The Appix Financial Services Framework (FSF) is a customizable, extensible, high-performance, single database platform for deployment of mission-critical financial systems. The interoperability of all the Appix fixed income solutions combined with well-documented APIs provide fixed income trading operations and wire desks the flexibility and scalability needed for enterprise operations. The Appix FSF allows clients to rapidly deploy complex, customized systems solutions by leveraging existing components.

Founded in 1997, Appix provides customized technology services and solutions to the financial services industry. Our goal is to deliver significant value to our clients through our solutions-centered approach to consulting, technology and IT Staffing services.

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