Friday, September 23, 2005

Eze Castle Software Signs More Brokers to the Algorithmic Trading Framework to Offer 17 Algorithmic Destinations to Clients

Eze Castle Software Signs More Brokers to the Algorithmic Trading Framework to Offer 17 Algorithmic Destinations to Clients

Banc of America Securities' EASE, Capital Institutional Services (CAPIS), Deutsche Bank, EdgeTrade, Merrill Lynch's ML X-ACT(SM), and UBS, LLC have been integrated into the framework.





Eze Castle Software (ECS), a leading provider of order management software (OMS), announced today that Banc of America Securities' EASE, Capital Institutional Services (CAPIS), Deutsche Bank, EdgeTrade, Merrill Lynch, and UBS have signed on to the Algorithmic Trading Framework and have integrated their algorithmic tools with Traders Console OMS.

Eze Castle Software announced the release of their Algorithmic Trading Framework in March 2005. It is available with the latest versions of their Traders Console OMS. The Algorithmic Trading Framework enables users of Traders Console to execute electronically with sell-side algorithmic tools.

Eze Castle Software developed the Algorithmic Trading Framework technology to meet the buy-side client demand for integrated algorithmic tools within Traders Console. The integration brings the sell-side algorithmic tools to the trader's desktop. Buy-side traders will have complete control over the parameters offered by the sell-side broker on their primary workspace. A key feature of the Algorithmic Trading Framework is the addition of pre-configured Quick Send Profiles (QSP). Traders can use Quick Send Profiles to define complex routing instructions with a single "one-click" button. QSP buttons are available in the Traders Console blotter for easy access to trigger execution.

"We've strengthened our broker neutral environment by adding these brokers to the framework. It gives our buy-side clients the opportunity to incorporate various strategies from different sources in their trading procedures without increasing the steps in execution." says David Quinlan, President of Eze Castle Software. "Our mission is to allow traders to click the order and click the button. We want to minimize the steps it takes to use these new algorithmic tools."

Eze Castle Software now has seventeen brokers signed on to the framework and expects to add more in the upcoming weeks. The list includes: Banc of America Securities' EASE, BNY Brokerage, Capital Institutional Services (CAPIS), CIBC World Markets Global Electronic Trading Services (GETS), CSFB's Advanced Execution Services (AES(R)), Deutsche Bank, EdgeTrade, Electronic Specialist LLC (ESP), Goldman Sachs Algorithmic Trading (GSAT(R)), ITG, Lehman Brothers, Merrill Lynch's ML X-ACT(SM), Miletus Trading Strategy Engines, Morgan Stanley Benchmark Execution Strategies (BXS), Piper Jaffray Algorithmic and Program Trading (APT), Susquehanna Financial Group, LLLP, and UBS.

About Eze Castle Software

Since 1995, Eze Castle Software (ECS) has provided investment management firms with cutting-edge technology solutions to automate the investment process. With over 250 clients and offices in Boston, New York, San Francisco, Stamford, and London, Eze Castle Software is one of the largest order management product firms in the industry. For information about the company please contact Kristine Kennedy by phone at 617-316-1148, by e-mail at kkennedy@ezecastlesoftware.com, or visit our web site at www.ezecastlesoftware.com.

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