(M2 PressWIRE Via Thomson Dialog NewsEdge)
RDATE:18062007

London and New York - Gissing Software, solution specialistsinthe
routing and transformationof real-time market and trade data, today
announced the launch of its next generation multi-vendor contribution
system, Gissing ConteX MCS 4.0. The software has been re-engineered to
offer massive improvements in performance, as well as extensive new
functionality, dynamic system configuration and better operational
monitoring and reporting capabilities. Gissing ConteX MCS 4.0 has also
been designed with the transaction transparency requirements of MiFID
in mind, and Gissing Software has developed a set of MiFID output
handlers which will allow users to contribute both pre and post-trade
data to their choice of venues.

Gissing will be unveiling the new solution at the SIFMA Technology
Management Conference and Exhibit which takes place in New Yorkfrom
19-21 June. Four major banks have already offered to join the beta test
program for Gissing ConteX 4.0, with the first clients expected to
adopt the new solution and go live during Q4 2007.

Key highlights of Gissing ConteX MCS 4.0 include:

--Improved performance- A new internal data architecture and improved
interprocess communication speed up the data transformation process and
increase processing efficiencies. This means lower latency, increased
throughput and better hardware utilisation.

--Field validation- extensive data validation options allow users to
stipulate how each field should look and to run checks on the data.
Alerts and warnings can be invoked if the data exceeds certain limits
or fails to refresh within set parameters - ensuring maximum data
integrity and reliability. To ensure this new functionality is as
accessible as possible Gissing has developed its own fully-functional
expression language for Gissing ConteX: eXpresso.

--Derived data handling- users can manipulate input data, conducting
complex calculations, comparisons and other analyses and can publish
the derived data to the destination of their choice. This includes the
ability to perform both arithmetic and string manipulations on field
contents using Gissing's new expression language: eXpresso. eXpresso
has over 35 built-in functions specifically developed to provide
high-performance calculations and string manipulations without delaying
contributions.

--Dynamic configuration- Today's agile businesses need to be able to
respond quickly to market changes. While Gissing ConteX MCS R3 allowed
easy system configuration without programming via a set of graphical
tools, Gissing ConteX MCS 4.0 goes further by allowing changes to be
made dynamically without business interruption. Users are better able
to respond to fast-moving business drivers than ever before.

--Operational monitoring and reporting- administrators can access and
monitor the system remotely from any desktop or even mobile device.
Users have access to a wide variety of key performance indicators such
as latency, data throughput, data rates and CPU loading.

Commenting on the launch, Mike Vieyra, CEO, Gissing Software, said:
"The reliability and high performance of our existing Gissing ConteX
MCS software, which is used to meet the contribution needs of major
financial institutions at more than 50 sites around the globe, is
already proven. But we were determined to continue to push the
boundaries. As the market leader in this space we have invested in
delivering a solution that offers a substantial increase in performance
allowing our clients to respond to market drivers such as the need for
ever lower latency to support algorithmic trading. The new solution
offers an impressive range of new features designed to meet changing
client needs, including ease of compliance with the transparency
requirements of MiFID."

About Gissing Software

Gissing Software, solution specialistsinthe routing and
transformationof real-time market and trade data,was founded in 1991.
Gissing Software counts some of the world's biggest financial
institutions among its clients. Almost all of Gissing's clients are
tier one banks and brokers. With over 50 installations globally,
Gissing's products are a byword in the industry for performance and
reliability. The company is privately owned and operates from its head
office in Bromley, Kent(UK) and its office in New York.

Gissing Software has extensive knowledge of the technology associated
with the transforming and routing of real-time data in the financial
markets.

Product area focus:

--Multi contribution systemsfor management and distribution of market
data to financial data vendors and partnering businesses

--Real-time solutions for Excelused by financial professionals in
analytics, trading, pricing,data contribution and administration

--MiFID solutions

--pre-trade and post-trade transparency

--Data aggregation for input to MiFID best execution policies

--Trade data capturetransformation and system integration for fixed
income securities, FX and other investment instruments

For more information on Gissing Software products please visit:
www.gissing.com

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