FAME Information Services Partners with ClariFi

-Alliance Enables Joint Clients to Fine Tune Trading Strategies Without Knowledge of Proprietary Programming Languages-

NEW YORK CITY (October 7, 2003) - - FAME Information Services, Inc., a leading provider of historical and reference data management solutions for the financial, energy and public sector markets, and ClariFi, a division of Sengent, Inc., today announced their alliance to market ClariFi's breakthrough strategy development and backtesting platform, ModelStation(tm) with FAME's data offerings. ClariFi has also named FAME as a preferred data vendor.

ModelStation allows active investment managers and researchers to quickly investigate and backtest the effects of various "scenarios" on returns and evaluate portfolios at each rebalancing to determine risk. By combining ModelStation with FAME's historical and reference data management solutions, organizations can optimize their portfolios against sector, macroeconomic, and currency risk and build confidence in a strategy before its implementation.

"Most portfolio management systems do not easily enable investment managers to stress test and examine the behavior of their models and portfolio construction rules," said Niel Siekerka, FAME's vice president, business development. "In fact, most backtesting systems are based on proprietary scripting languages and require traders and researchers to learn, program and debug code. The alliance of ClariFi and FAME gives users an uncomplicated way to rapidly test portfolio level strategies."

Gioel Molinari, President and CTO for ClariFI said, "With ModelStation, FAME customers now have the ability to improve portfolio performance via easy to use backtesting and portfolio optimization techniques, while reducing on-going research costs. Equally important is that ModelStation's tight integration with FAME databases delivers error-free data handling and data analysis quality. We're pleased to partner with FAME, the reference data market leader that is well respected for the integrity of its data offerings."

Inquires about ModelStation can be directed to FAME's sales department. For additional information, please contact Phil Corryn in U.S. phone: (212) 506-0362, or Ian Gordon in U.K. phone: (+44) 207 367 5200.

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