New York and London, June 21, 2005 – Wall Street Systems today announced that Fifth Third Bancorp, the eighth largest banking institution in the United States in terms of market capitalization, has gone live with the Wall Street System® treasury and capital markets solution to provide foreign exchange dealing services for its international division. The front-to-back office system went live in January 2005 and is now being used by 25 foreign exchange traders based in Cincinnati, Chicago, Cleveland, Columbus, Detroit, Nashville St Louis, Tampa and Minneapolis.

"We chose The Wall Street System because we wanted a proven, integrated platform, capable of supporting multiple instruments. The new system gives us the flexibility to easily increase the range of products and volumes we support in response to customer demand," said Sheila Spradlin, Vice President and Director of International Banking, Fifth Third Bank. "We also wanted to consolidate our existing systems and reduce manual processes. The fully integrated solution has achieved these goals and delivers improved operational efficiency through increased straight-through processing rates."

Fifth Third has implemented the Foreign Exchange, Money Markets, Currency Options, Settlements and Confirmations, Money at Risk and Credit modules from The Wall Street System® treasury and capital markets solution. The implementation was based on Wall Street Systems’ Best Market Practice model which accelerated the installation timeframes and reduced project risk to ensure a successful go-live. Spradlin commented, "With Wall Street Systems’ experience and effective implementation approach, the project has been a real success against all criteria."

Michael Thrower, director of marketing, Wall Street Systems, said: "The project with Fifth Third demonstrates how The Wall Street System can benefit US regional banks, providing comprehensive cross-product, market, credit and operational risk management in a single, affordable system. With Wall Street Systems, institutions like Fifth Third can remain competitive and use technology to drive their business growth."

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