ESP TECHNOLOGIES INTEGRATES SETTLEMENT AGGREGATION SERVICES WITH INDATA

New York, NY - 31 March 2008

ESP Technologies Corp., THE Buy-Side Solution, providing broker-neutral global order routing, post-trade management technology and settlement aggregation services, announced today the completed integration of its settlement aggregation service with INDATA via the firm’s Precision Trading Order Management System.

ESP’s settlement aggregation service enables buy-side firms to benefit from a significant reduction in the number of trade settlements and allocations when executing stock across multiple venues in an effort to achieve best execution. ESP services are currently available in 23 markets in the US, Europe, Asia, and Canada. This integration allows INDATA clients to benefit from settlement aggregation while still preserving all original broker execution, performance and commission details in the OMS for post-trade analysis and accounting purposes.

"ESP integration provides a seamless solution for INDATA buy-side clients looking to counter the rising cost of trade processing and settlement,” said ESP Managing Director, David Sher. “Furthermore, clients can now benefit from ESP settlement aggregation services without requiring any change to their existing trade routing or execution workflow.”

“We are pleased to offer our buy-side clients access to solutions, such as ESP’s, that reduce costs and make their trading and settlement processes more efficient,” said INDATA Managing Director, David J. Csiki. “The integration we have completed with ESP allows our clients to obtain new efficiencies and cost-savings due to trade aggregation through their existing INDATA trading and execution infrastructures."

According to a September, 2007 Tabb Report on Buy-Side Clearing, buy-side firms are currently spending anywhere from $20-$170 million annually on trade processing and settlement in the US alone.

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