Radianz Continues Making Inroads into the Back Office

BBH Infomediary joins Radianz, expanding message delivery options for communications service customers

NEW YORK – (April 18, 2005) – Radianz, the leading global provider of financial connectivity services, today announced that BBH Infomediary LLC, a provider of outsourced multi-party financial messaging and information integration services to investment management companies, will use Radianz to expand access to its services. BBH Infomediary’s parent, Brown Brothers Harriman, the banking and investment firm, has used Radianz to access services and its numerous trading partners since 2002.

Using Infomediary’s BBH-hosted infrastructure, clients reduce operating expense and streamline communication processes with their many custodian banks, sub-advisors, prime brokers, distributors, transfer agents, accountants, and other service providers. By adding Radianz to its current access options, Infomediary will offer its clients an additional means to connect to BBH Infomediary and interact with their various service providers. By the same token, Infomediary will have an additional means of reaching the many financial institutions currently connected to Radianz.

The Infomediary platform translates disparate data, incompatible formats and multiple communication methods into standard and/or proprietary formats. "With over 60 Infomediary clients and a rapid growth rate, we must provide top-flight network connectivity options," said Taylor Bodman, partner at BBH and CEO of BBH Infomediary. "As information flows expand beyond transactional messaging, such as securities trade instructions and payments, we need access alternatives for ourselves and for our clients. Radianz is an obvious choice."

Bodman added, "The more important objective is to support client needs in cost-effective and flexible ways. Radianz will provide us initially with secure communications for a new type of IP-enabled data exchange which, in volume terms, will be our largest single application to date. Over time, we intend to lever the infrastructure for other messaging applications, as discrete business cases and general strategy dictate."

"Radianz has established itself as the leading network for market data and trading services such as FIX," said Brennan Carley, chief strategy and technology officer at Radianz. "Now that we have demonstrated the reliability and security of our network to financial services firms such as BBH, who joined the Radianz community for information and trade execution, those firms are turning to Radianz for post-trade messaging and network services. With the worlds world’s largest community of banks, broker/dealers and investment managers, financial institutions are increasingly turning to Radianz as an alternative to proprietary and expensive networks to deploy STP services for pre-settlement, clearing and settlement, custody, and reporting."

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