Eze Castle Software releases new Algorithmic Trading Framework

Initial integration is planned with Credit Suisse First Boston, Goldman Sachs, ITG, ESP, and Susquehanna Financial Group, LLLP

Boston, MA (March 29, 2005) - Eze Castle Software (ECS), a leading provider of order management software (OMS), announced the release of their new Algorithmic Trading Framework, available with the latest versions of their Traders Console OMS. The Algorithmic Trading Framework enables users of Traders Console to trade electronically with sell-side algorithmic tools. The initial brokers that have signed on to the ECS Algorithmic Trading Framework and that will be integrating their algorithmic tools with Traders Console OMS include CSFB’s Advanced Execution Services (AES®), Goldman Sachs Algorithmic Trading (GSAT®), ITG, Electronic Specialist LLC (ESP), and Susquehanna Financial Group, LLLP.

Eze Castle Software developed the Algorithmic Trading Framework technology to meet the buy-side client demand for integrated algorithmic trading tools within Traders Console. The integration brings the sell-side algorithmic tools to the trader’s desktop. The traders will have complete control over the parameters offered by the sell-side broker on their primary workspace. A key feature of the Algorithmic Trading Framework is the addition of pre-configured Quick Send Profiles (QSP). Traders can use Quick Send Profiles to define complex routing instructions with a single "one-click" button. QSP buttons are available in the Traders Console blotter for easy access to trigger execution.

"We are seeing more of our buy-side clients adopting various sell-side algorithmic strategies and trading tools into their trading procedures," says David Quinlan, President of Eze Castle Software. "Our mission is to allow traders to click the order and click the button. We want to minimize the steps it takes to use these new algorithmic tools."

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