Apama (UK) Ltd Expands Financial Services Team to Support Increasing Market Demand for Effective e-Trading Solutions. Ex-Bloomberg and GL Trade Executives Enrich Apama’s Sales Team

London, 17 May 2004 – Apama (UK) Limited, pioneer of next-generation Trading Strategy Management (TSM) technologies, today announced the appointments of sales executives Darrell Monk and Stephan Diaz. With over thirty years’ combined financial services experience, Monk and Diaz will provide a valuable extension to Apama’s existing team, enabling Apama to capitalise on the continued rise in demand for effective e-trading solutions in the financial markets. They will report to Andy Menzies, VP sales & alliances at Apama.

Darrell Monk joins Apama from GL Trade, where he was most recently director, business development. During his five years at GL Trade, Monk was responsible for selling and delivering customer services to over one hundred of the top financial institutions in London and Northern Europe – including CSFB, JP Morgan, Nomura and UBS. In addition, he was responsible for building and managing partner relationships and activities with companies such as IBM and Capco. Darrell has a thorough operational and technical knowledge of exchange connectivity, as well as a sound understanding of trading floor operations – from trade capture and execution, through to clearing and settlement.

Stephan Diaz comes to Apama from Bloomberg’s sales team. Whilst at Bloomberg, Diaz sold front-end trading systems to leading sell- and buy-side clients throughout Europe – including ABN AMRO, HVB and Bank of America. He also played an active role in systems and product development. Before moving into trading systems, Diaz built up extensive, first-hand trading knowledge working in New York and London as a fixed income derivatives trader for Morgan Grenfell, Credit Lyonnais, Banco Santander and Svenska Handelsbanken.

Stephan Diaz, says: "Apama’s unique approach to Trading Strategy Management delivers rapid benefits and a low total cost of ownership – it’s compelling. The ability to detect and trade in milliseconds is fundamental in helping financial institutions maintain margins, break from the pack and retain their competitive edge."

Speaking about his recent appointment, Monk, says: "In the short spate since Apama entered the financial services sector, the company has established an impressive client base amongst the world’s leading financial institutions – Deutsche Bank and JP Morgan to name but two. Apama provides a new and innovative platform for financial institutions to develop and maintain competitive advantage through e-trading, while at the same time leveraging their IP and improving flexibility and responsiveness."

Peter Beard, CEO, Apama, says: "Since launching to the financial services sector in September 2003, we have enjoyed marked sales success. Market reaction has confirmed the demand for Trading Strategy Management technologies that enable traders to develop, test and implement innovative strategies in real-time. With Darrell and Stephan on board, we shall continue to take advantage of these increased opportunities."

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