Dexia Bank: Another satisfied customer of Speedwell NG integrated with SoftSolutions! XT2!

London, Monday, 31 January 2005

Speedwell Associates Ltd, a leading provider of high-performance, trader focused solutions for the electronic fixed-income markets, is pleased to list Dexia Bank as another satisfied customer of Speedwell NG, integrated with SoftSolutions! XT2!, for bond pricing and quoting to multiple ECNs having replaced the bank’s legacy Microsoft Excel-based pricing system in 2004.

Koen De Belder, head of trading, Dexia Bank, said "We are very satisfied with the systems and services provided by Speedwell & SoftSolutions! over the last year. They have enabled us become more efficient in our pricing and quoting of a wider range of fixed income products better serving our customers needs."

Rik Eckeman, Head of Dealing Room IT Support, Dexia Bank, said, "From an IT perspective, the implementation of Speedwell NG/SoftSolutions! XT2! has been a success. There has been a very close cooperation between Speedwell, SoftSolutions! and Dexia specialist and traders during system set-up and pilot testing. Besides, the post go-live assistance was excellent and made technicians and traders feel very comfortable in their new working environment."

Stephen Doherty, CEO, Speedwell, said "We are delighted Dexia are satisfied with our systems and services since going live in 2004. It was clear from the feedback we received that Speedwell’s in-depth understanding of the market, the fact that our systems have been "Designed By Traders For Traders!" and our tight integration with SoftSolutions! was key in Dexia’s decision when we were compared to other vendors."

Roberto Cocchi, President, SoftSolutions!, said "Dexia’s challenge was to prove the capability of delivering an optimized integration between pricing and connectivity platforms. The tight collaboration between SoftSolutions!, Speedwell and Dexia was the key factor in achieving the result of a unique interface for traders, that now access with zero effort multiple liquidity pools. Adoption of the XTrade!Square connectivity platform still leaves much space left for adding into other functions such as automated trading, real time hedging and others, not to mention the capability of extending Dexia’s offering to their customers with other products."

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