Financial Software Systems Licenses Margintrac to Fixi Plc in London

Horsham, Pennsylvania - 18 October 2006

FIXI PLC ("FIXI"), a new London-based investment house, which will specialize in the trading ofcommodities, financial futures & options, and the complete range of over-the-counter FX products,has licensed Financial Software Systems' MarginTrac trading and portfolio management system.

FIXI is currently seeking regulatory approval from the U.K.'s Financial Services Authority to adviseclients on investments, arrange deals in investments for clients, and deal in investments as both anagent and as a principal. FIXI will also seek regulatory approval to hold and control client money.FIXI's business plan calls for the firm to serve a diversified client base that includes corporations,financial institutions and high net worth individuals.

MarginTrac is a comprehensive Client Relationship Management system for foreign exchange andprecious metals trading. FIXI will use MarginTrac to manage its trading of FX spot, forward, andswap contracts, as well as vanilla options and exotic options. MarginTrac will provide a range offront-office, middle-office and back-office functionality to FIXI, including true straight-throughprocessingof transactions, from deal-capture in the front-office to producing client reports in theback-office. MarginTrac provides seamless management of client collateral, calculation of clients'margin positions, and preparation of margin calls for collateralized FX trading.

Michael Snoek, Financial Software Systems’ Director of Sales for Europe, the Middle East, andAfrica commented, "Financial Software Systems' welcomes FIXI PLC as a client. As a newbusiness, FIXI had the opportunity to search-for and select the best systems for its trading andfunds management requirements. We are very pleased that after conducting its due diligence, FIXIselected MarginTrac. FIXI joins Man Financial and Marex Financial as recent Funds Managementclients in London that have licensed Financial Software Systems' portfolio management software.MarginTrac is the market-leading system for collateralized FX trading and client managementservices, and we look forward to working with FIXI to provide outstanding service to FIXI's clients."

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development