MiFID Benchmarking attracts USA software vendor

London, UK - 8 January 2007

B.I.S.S. Research, the exclusive research company offering a unique benchmarking of services and systems in the financial services sector, today announced that a leading American software vendor specialising in compliance has entered their system into the B.I.S.S. MiFID Benchmarking.

Gary Wright, C.E.O., B.I.S.S. Research and creator of the B.I.S.S. business benchmarking concept said “So far the B.I.S.S. MiFID benchmarking has mainly attracted leading wealth management software vendors in both front and back office systems, with the announcement to date that peterevans has achieved the MiFID Accreditation for their product ‘xanite’, the addition of this Compliance system has further expanded the depth of products examined by the B.I.S.S. benchmarking process. This process has the capability of affirming the functional capabilities for MiFID, of any type of system or service. We are currently benchmarking a number of products and we hope to be able to announce the results during the coming months, as under the terms of the contract, we can only publish the names of those systems that achieve the benchmarking Accreditation. Further announcements of other vendors entering their systems into the MiFID Benchmarking are expected in due course.”

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