INVESTMASTER INTRODUCES CFD (CONTRACTS FOR DIFFERENCE) MODULE. *Hargreave Hale is first customer to implement new module*

London, 19 April 2004 - Investmaster Group Limited, the UK’s largest supplier of integrated systems for wealth managers and institutional brokers, has developed a CFD (Contracts for Difference) trading module and stockbroker, Hargreave Hale, is the first to implement the new product.

Until now, wealth managers who provide CFDs to clients have had to use multiple disparate systems to support full CFD functionality. The Investmaster CFD module provides one single point of entry for a contract and a fully integrated process that automates all the key functions such as margin calculation, long and short interest, revaluation, profit and loss and client reporting.

This means, for example, that on a daily basis the system will calculate margin and unrealised profit and loss. It also contains ‘triggers’ that can identify whether a stock is CFD tradable and statements are automatically produced for clients on a daily basis.

Investmaster’s CFD module is fully integrated with back office systems including Investmaster’s 4i-Core, which provides trade execution, settlement, custody and portfolio management. The CFD module also includes an enhanced CGT calculator so that monthly reports can be produced.

Eric Werner, Managing Director of Investmaster commented: "In line with market demands, we have developed a product than can be adapted to any institution wishing to deal in CFDs. Functionality can easily be added or removed, according to specific requirements and the whole module is fully integrated with the back office, achieving full STP (straight through processing) for the broker."

Commenting on the module, Adam Caplan, a Director at Hargreave Hale said: "Hargreave Hale has a unique offering for experienced investors. Generally, trading in CFDs will be on an execution only basis but we are far more proactive. Dealing in smaller company CFDs with smaller initial investments is something the larger providers simply don’t do, so the Investmaster module is saving us significant time and resource, enabling us to scale up and take on more clients."

For more information please contact:
Investmaster Group
Terri Barnes
Tel: 020 7367 0644
Portfolio Communications
Lisa Boustead/Nicola Burton
Tel: 0207 240 6959

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