Speirs and Jeffrey Stockbrokers renews Altimis licence

London - 3 September 2007

Rhyme Systems, a leading provider of asset management solutions, today announces that Speirs and Jeffrey Stockbrokers, one of the UK’s leading independent stockbroking firms, has renewed its contract for Altimis for a further three year term. This renewal demonstrates Speirs and Jeffrey’s commitment to Rhyme and to a partnership that has resulted in one of the most comprehensive and client-centric investment management solutions available.

Altimis is a market-leading solution for stockbroking and portfolio management which provides extensive functionality spanning the front, middle and back office. The web-enabled system is suitable for all aspects of stockbroking and investment management offering a truly integrated, straight-through approach to the entire dealing and investment process.

Speirs and Jeffrey is one of the last few independent stockbrokers in the UK and currently serves clients in 52 countries around the globe. Based in Glasgow, it offers a traditional personal investment service to private individuals, trusts, charities and pension funds, on both an advisory and discretionary basis, including custody, PEP and ISA services and investment management of SIPPs.

The Speirs and Jeffrey Altimis service is delivered using Rhyme’s widely-used ASP model, which provides a fully hosted, managed service with business continuity and disaster recovery.

Bob Whigham, Divisional Director of Rhyme Systems, commented, “We are delighted that Speirs and Jeffrey has renewed its contract for Altimis. Over the past few years we have worked closely with Speirs and Jeffrey, and have invested significant analytical research and development resource into Altimis. With recent additional resource being deployed on the product, we are committed to ensuring that Altimis will continue to support all the investment management requirements of our customers.”

Steven Mathieson, Finance and Compliance Director at Speirs and Jeffrey, said, “Our overriding concern is the long-term well being of our clients investments. Altimis has provided us with an environment in which we can focus on our clients’ business. Rhyme’s investment in Altimis has resulted in a product that is continually evolving to keep abreast with today’s fast-moving investment environment. We are confident that our partnership with Rhyme will support the continued growth of our business.”

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