Boston Stock Exchange Goes Live on Kaskad Technology's Korrelera™

Boston, Massachusetts - 22 February 2007

Kaskad Technology, a provider of complex event stream processing technology, today announced the Boston Stock Exchange has successfully implemented Kaskad’s Korrelera Surveillance System. The Boston Stock Exchange was seeking a solution that would enable it to quickly analyze large volumes of information in a stream and run real time market surveillance tool to pinpoint activity that violates security exchange rules.

According to Russell Lewis, Kaskad Technology's Chief Executive Officer, a smooth implementation was made possible due to the cooperative efforts between Kaskad Technology and the Boston Stock Exchange.

"Our executive team knows it is critical for our clients to have a smooth transition when implementing new software, and we work extremely hard to make the process as seamless as possible. We are pleased that the Boston Stock Exchange experienced a successful implementation and will immediately begin to benefit from improved efficiencies. We are also extremely pleased to see the success of our Complex Event Stream Processing engine and the ability of Korrelera to meet the needs of a stock exchange."

Korrelera correlates data from many streams of information, and finds and processes events based on complex relationships between messages on various streams to provide users with instant information or triggers for other applications.

"Korrelera is clearly on track to deliver against the stated goals," says Colin Clark, Chief Technology Officer of Kaskad. "The Boston Stock Exchange's implementation marks the first of many exchanges, broker dealers, investment managers, and intermediaries ready to launch Kaskad Technology's solutions."

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