HighQ-IT Successfully Completes Performance Testing of MORS Software’s Middle Office Reporting System

Frankfurt - 3 March 2008

MORS Software, a financial software provider of automated intra-day control software for independent risk control functions, today announced that HighQ-IT, the German software integration firm, has successfully completed performance testing of MORS its Middle Office Reporting System.

MORS was installed at HighQ-IT premises in half a day and the performance tests were conducted on moderate hardware (2,4 GHz single processor, 1 GB RAM, Single Hard Disc) and an SQL Server 2005. In respect to uploading trades into the system during one trading day, MORS was able to upload and process 20,000 new Bond trades in only 48 minutes. In respect to intra-day revaluation, MORS was able to re-value 60,000 open trades with its ‘Full Reval & Risk Recalc’ functionality in only 70 seconds.

Martin Sommer, Divisional Manager, Banking Technology, HighQ-IT, comments: “MORS is an innovative out-of-the-box commercial system for risk controllers and traders. The results from the performance testing demonstrate the system’s capacity to meet banks’ needs during a trading day. Our expectations regarding the performance, technical stability and the straightforwardness of the system were exceeded.”

Mika Mustakallio, CEO, MORS Software, comments: “We have achieved success to date among our customer banks without facing any capacity problems. The bigger the banks get, so do the benefits of the automated control approach and we become obligated to offer our solution to the higher volume Tier 1 banks. Before doing so we wanted to ensure we could meet their volume needs. Following the success of HighQ-IT’s performance testing, we look forward to confidently offering MORS to a far wider audience.”

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