CSFB and Portware Link to Provide AES to Clients

NEW YORK – June 29, 2004 – Credit Suisse First Boston (CSFB) and Portware LLC, a leading developer of portfolio-based trade management systems, today announced an agreement to supply clients with direct access to CSFB’s Advanced Execution Services ® (AES™) via Portware Professional, the leading trade management system for global investment managers, hedge funds and broker/dealers.

AES allows investment managers to execute trades using the same suite of automated, algorithmic trading strategies employed and developed by CSFB's team of quantitative analysts and traders. Developed through comprehensive execution research and continuous live experimentation by CSFB, the strategies are currently in use by many CSFB clients. This alliance enables CSFB’s buy-side clients to directly route to AES through Portware Professional, and current ortware clients to select AES as an execution point.

Portware Professional is the securities industry’s leading portfolio-based trade and order management system for global equities, futures, options, FX and fixed income. Portware Professional is a real-time, FIX-compliant, broker- eutral system currently in use at more than 100 buy-side, sell-side and hedge fund firms for basket, index and automated quantitative trading.

“Portware’s trading platform has earned a reputation for offering excellent performance, reliability and flexibility,” said Manny Santayana, Director, AES Sales for the Americas. “We are pleased we can now offer our clients this efficient mechanism for trade routing and execution.”

The inclusion of AES is the latest in a series of pre-packaged dialogues and order types from multiple brokers and execution destinations to be embedded within Portware Professional. This feature allows Portware users to quickly access their execution destinations – whether a broker/dealer, an access provider such as Lava, or an ECN/ATS – from a single, central location. Portware Professional currently supports about 10 destination dialogues with plans to continually add more to the system.

“The ability to offer CSFB’s AES dialogue through Portware is a huge benefit to our clients,” said Eric Goldberg, co-founder and chief executive officer for Portware. “AES embodies a significant advancement of the automated trading movement and our clients are thrilled to have the ability to route directly to it and other execution destinations from a single platform like Portware. With Portware, traders can now manage their entire books from one screen.”

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