TAP Solutions' Marc Alvarez elected to FISD Executive Committee

NEW YORK — January 16, 2006 — The Financial Information Services Division (FISD) of the Software and Information Industry Association has announced its 2006 Executive Committee, and includes Marc Alvarez, EVP Products & Marketing at TAP Solutions. Mr. Alvarez joins 33 other executives representing industry leading exchanges, market data vendors, specialist data providers, brokerage firms, and banks operating in capital markets. The committee oversees the international membership and their efforts to exchange ideas, build business relationships, and improve the business climate associated with the worldwide flow of financial information.

Mr. Alvarez joins the Executive Committee following a yearlong position as Chairman of FISD’s Securities Model Working Group. The Group succeeded in bringing Market Data Definition Language (MDDL) through several releases and continues as the forum for achieving adoption across the industry including compliance with other industry standards.

"After a tremendous year with the Working Group, I’m honored to receive the nomination and very excited to continue my efforts addressing the real issues that affect the industry," says Mr. Alvarez. "FISD remains the number one association that gathers experts from global companies to not only discuss and debate, but also to formulate and present tangible technical and business solutions to the leaders in the capital markets community."

FISD began in 1985 and now boasts a membership representing 130 companies from across the financial services industry, including NASDAQ, London Stock Exchange, Deutsche Borse, Bloomberg, Reuters, IDC, Telekurs, Thomson, Morgan Stanley, Merrill Lynch, Lehman Brothers, and Charles Schwab. TAP Solutions has been a member for two years and values the tremendous business opportunities FISD provides.

"Companies like TAP, and individuals like Marc, illustrate the diversity and knowledge FISD has in its membership," says Tom Davin, Vice President of FISD and former Senior Vice President for Market Data Distribution at NASDAQ. "The industry can expect more discussion and actions on MDDL and MiFID as FISD continues its efforts to bring the best and brightest to the table to tackle reference data standardization."

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