Innovest Systems and Institutional Trading Services Create an Alliance for Fixed Income Trading

New York - 1 March 2010

Innovest Systems, LLC, a financial technology firm specializing in trust accounting and wealth management solutions, and Institutional Trading Services, LLC (ITS), a professional service organization dedicated to providing trading technology solutions exclusively to the trust and asset manager marketplace, today announced that they have formed a strategic alliance. Jointly, Innovest Systems and ITS will provide online fixed income trading to Innovest’s clients. These trust professionals, investment advisors and traders will have access to ITS’ online fixed income trading platform through Innovest’s flagship product, InnoTrust, a real-time trust accounting and wealth management platform.

Once a trade is executed, the necessary security data will be sent to establish the security on InnoTrust. Trade details will also be transmitted to InnoTrust to establish a trade record for subsequent matching with depository confirm records.
William Thomas, Innovest Systems’ chief executive officer, said, “We are pleased to form an alliance with ITS. This partnership allows Innovest to offer one-stop shopping for fixed income trading execution. Offerings can be searched and sorted by multiple criteria, including maturity, ratings, quantity, coupon, yield and price. This brings the market right to our clients’ desktops in real time.”

Charles Friday, President of Institutional Trading Services, said, “We are delighted to team up with Innovest Systems. As one of the premier electronic fixed income platform providers in the trust and wealth management industry, we offer anonymous access to an electronic marketplace with thousands of pieces of inventory from many different dealers. Innovest’s clients will benefit from a live, executable fixed income trading environment that provides dynamically updated bids and offers. Additionally, upon execution of the trade, clients will immediately receive a confirmation email with extensive trade ticket details.”

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