BANCA ALETTI GOES LIVE WITH SOPHIS RISQUE FOR FX DERIVATIVES

Paris - 23rd October 2006

Sophis, a leading provider of cross-asset, front-to-back risk and portfolio management solutions, today announced that Banca Aletti is live with Sophis RISQUE for FX derivatives. Through RISQUE, Banca Aletti benefits from a fully front-to-back STP platform that enables the FX derivatives desk to leverage one system for all activity including confirmations, payments and accounting.

After implementing Sophis RISQUE for equity derivatives in July 2005, Banca Aletti, the investment banking arm of the BPVN Group (Gruppo Banco Popolare di Verona e Novara), has now rolled out RISQUE to its FX derivatives desk, with a total of 80 users throughout the organisation. Banca Aletti plans to continue this cross-asset expansion in partnership with Sophis in January 2007, when the bank will be live with RISQUE for interest rate derivatives.

Giacomo Elena, Head of Derivatives Trading at Banca Aletti, says “Sophis’ solid track record in derivatives, supporting global and regional banks, gave us the confidence we needed to implement RISQUE for our own derivatives business. We are very satisfied with this choice, as RISQUE proved to be a very powerful solution to support both our flow and exotic options business, and the different implementation phases went very smoothly.”

Hervé Vinciguerra, Chairman, Sophis, says, “Working with Banca Aletti has been a significant experience for Sophis, both in terms of expanding our geographic coverage and bolstering our offering to cover new asset classes. Rolling out a single solution to cover trading and processing of multiple products is the proven way to reduce total cost of ownership and achieve operational efficiency, as testified by the renewed commitment from Banca Aletti.”

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