To Better Serve Small-tier Asset Managers, Credit Suisse and Upstream Technologies Announce Integration of AES® Trading Strategies with the First Real-time, Web-based Order Management System

New York and Boston - 18 September 2006

In a joint effort to penetrate smaller asset managers, access to Credit Suisse’s Advanced Execution Services (AES®) has been integrated into Upstream Technologies’ Order Management System (OMS), the industry’s first web-based OMS with real time order execution updates. Upstream’s OMS, designed specifically for asset managers in the $500MM - $10B AUM range, allows access to AES’s industry-leading trading strategies which until recently have been available primarily to larger firms. Because Upstream’s OMS is provided as a managed service, its users need not install any software in-house or maintain large IT staffs.

“AES services have always been ideal for the smaller asset managers, but you need an OMS to access them and until now this market segment lacked an OMS solution that was both cost-effective and feature-rich enough,” said Manny Santayana, Managing Director at Credit Suisse AES®. “Now through Upstream’s OMS, these firms have access to the same advanced trading tools that the largest money managers use. We believe the combined AES-Upstream offering is exactly what these managers have been waiting for.”

Only a small percentage of investment firms in the U.S. and U.K. have purchased order management systems, with most acquisition having been done by the largest firms. “Smaller asset management firms want an OMS, but have been waiting for a solution that is cost efficient while also providing them the features they need,” said Mark Hoffman, Upstream CEO. “Upstream’s clients already include some of the largest asset managers in the world. Now we’re providing our services to smaller firms that want industry-leading technology in a cost efficient way. The combination of our web-based, managed services with AES’s leading algorithms is a giant step in this direction.”

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