Noah Financial Innovation Adopts Tradeware Global B2B Network for Global Direct Market Access

Tradeware Technology Enables South African Stockbroking Firm to Offer Cross-Border Equities Trading

New York, New York and Johannesburg, South Africa, May 17, 2005 -- Tradeware Systems Corp., a leading provider of Financial Information eXchange (FIX)-based electronic order management systems and direct market access trading connectivity solutions, announced today that Noah Financial Innovation (Noah) has gone live with the Tradeware Global Broker-to-Broker (B2B) network. Noah is a Johannesburg, South Africa-based stockbroking and financial services firm that provides unbundled execution and independent research to institutional clients.

"Tradeware Global's B2B Network provides our clients with access to all major international exchanges and delivers best execution," said Semadi Motau, Noah's head of trading. "We needed a solution that ensures seamless integration with our systems and processes. Tradeware provides a complete solution, including agency-based direct market access in local markets."

"Clients want access to deep liquidity pools and the best possible price," said Stacey Marino, Tradeware's president and chief operating officer. "Our B2B Network offers an unparalleled combination of trading efficiency and cost-effective settlement management services. For clients like Noah, this translates into the ability to avoid high execution and settlement fees by trading as agent in the local market."

The Tradeware Global Broker-to-Broker network provides investors with efficient, FIX-enabled direct market access to multiple European liquidity pools. The network supports real-time access to the central limit order books at 22 stock exchanges in 16 European securities markets, as well as cost-effective settlement management services.

Tradeware's MarketCenter is a complete FIX-based electronic order management and automated order routing system. Fully NASD and SEC compliant, MarketCenter is a sophisticated rules-based application that captures, manages and routes equity order flow, automates all or part of the trading process and delivers solutions for customer allocations and commission tracking.

MarketCenter offers Straight Through Processing solutions via custom real-time or end-of-day, front-to-back office integration. It is appropriate for large and small trading operations, and can easily be configured to meet current trading needs with full expandability for future growth.

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