Low-Latency Trading Technology Provider Mantara Appoints Michael Chin President and CEO

Jersey City - 7 September 2010

Mantara, Inc., a provider of advanced technology solutions for high-frequency trading, has appointed Michael Chin as president and chief executive officer. Mr. Chin will be responsible for driving the company’s business strategy, execution and overall performance during a new period of substantial growth. Concurrent with this appointment Dr. David Gilbert, who has led the company through its development and initial growth phases, will assume the role of executive chairman.

Mantara has received growing recognition for its ability to deliver a powerful combination of low-latency trading solutions coupled with robust risk management capabilities to both buy- and sell-side institutions. Fueled by a rising demand for its innovative expressWayâ„¢ product suite and regulatory pressure encouraging greater risk management and control of high-frequency trading, the company is poised for accelerated growth.

Commenting on Chin’s appointment, David Gilbert, stated, “We have followed a carefully planned transition to bring Mantara to this stage. Michael has rich domain experience and a proven track record in growing company revenues in the financial trading arena. I’m delighted to have Michael on board and am eager to work together to lead Mantara to a well-deserved, deeper phase of market success.”

Mr. Chin spent nine years in executive management positions at TradingScreen, Inc., and most recently served as president and global head of sales and a member of the company’s board of directors. During his tenure at TradingScreen, Chin built and oversaw the company’s global sales, marketing and client services functions.

Prior to joining TradingScreen, Chin spent 13 years at JP Morgan where he held a series of regional and global trading and management positions. With assignments from New York, London, Tokyo and Singapore, Chin’s product expertise spanned the company’s fixed-income, foreign exchange derivatives and commodity derivatives businesses.

Chin stated, “I look forward to leading Mantara at this exciting stage in its evolution and will work closely with the management team to capitalize on the Company’s significant growth opportunities.” He added, “Mantara is well positioned to benefit from current market forces as the debate around high-frequency trading alters the playing field, motivating participants to acclimate quickly by adopting cutting-edge trading solutions.”

Mr. Chin has a B.S. degree in information decision systems from Carnegie Mellon University.

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