Platinum Partners, a Multi-Strategy Hedge Fund, Implements OpenLink's OnDemand Solution

New York, NY - 8 July 2008

Open Link Financial, Inc. ("OpenLink"), a leading provider of trading and risk management solutions for the hedge fund, corporate and banking sectors, announced today that New York-based Platinum Partners Value Arbitrage Fund LP, a multi- strategy hedge fund with approximately $730 million under management, has implemented OpenLink's OnDemand service.

OnDemand provides a web-based cross-asset trading, risk management and operations solution that integrates deal capture, portfolio management, risk measurement and financial reporting, and managed market data. Platinum Partners uses the OpenLink OnDemand product to manage risk, enhance profitability and identify opportunities for its multi-strategy funds supporting equities, global fixed income products, foreign exchange, crude oil, refined and natural gas products, and metals and soft commodities.

"In today's volatile market, the ability to manage our risk is imperative to our business. We had looked at a number of other providers in this space. But none had the true cross-asset risk capabilities and depth of product functionality that OpenLink could provide," noted Ari Glass, President of Platinum Partners.

"They truly understood our business and demonstrated unsurpassed market knowledge. OpenLink has established itself as a leader in this industry, and their ASP solution is ideally suited for calculating our risk and managing our trading operations across all our traded asset classes," added Mark Nordlicht, Chairman of Platinum, who actively manages the fund's energy arbitrage portfolio.

"OpenLink is pleased that Platinum Partners has chosen OnDemand as its trading and risk management platform. OpenLink's cross-asset trading and risk functionality, which underpins the OnDemand solution, offers comprehensive coverage for all instrument types - from vanilla assets to exotic derivatives and structured products. OnDemand gives multi-asset class strategy funds like Platinum Partners a secure and controlled operating environment while maintaining the needed flexibility to quickly introduce new asset classes and adapt and evolve new trading strategies without the need to acquire new systems. This flexibility, combined with a fast and cost-effective outsourced implementation, allows hedge funds to focus on their core business- executing strategic trading strategies for their investors," said Kevin Hesselbirg, OpenLink's CEO.

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