TERVELA AND FIX FLYER ANNOUNCE FIRST PRODUCTION CUSTOMER FOR INTEGRATED HIGH-PERFORMANCE ORDER ROUTING PLATFORM

Global Brokerage Firm Deploys FIX on TMX for High-Volume, Low-Latency Trading and Market Feed Capabilities

New York, New York — January 12, 2009 — Tervela, the leading provider of high-performance, low-latency messaging systems, and FIX Flyer, an innovator in trading solutions for electronic trading, today announced the first joint production customer for FIX on TMX, an integrated high-performance order routing platform. The customer, an international brokerage firm that provides liquidity to global equity markets, has deployed the platform to provide a single point of management for mission-critical, high- speed electronic trading. FIX on TMX combines FIX Flyer’s Engine and Daytona Monitoring Framework with the Tervela Message Network™.

Powered by Tervela’s core message switches, FIX on TMX offers the firm:

• Predictable, market-leading order processing with verifiable service level agreements
• Complete visibility into the entire order flow with full operational performance metrics and integrated, real-time monitoring on both the messaging and business level
• Comprehensive high-availability and built-in redundancy to ensure non-stop service during increasing periods of market volatility
• Rich capabilities and support for future service offerings without the need for re-architecture
• Compelling reductions in TCO compared with disparate, larger-footprint order processing platforms

“In today’s volatile markets, brokerage firms are seeing order flow and liquidity being threatened. As such, they are actively seeking new ways to improve service, increase 'stickiness' and remain competitive,” said Barry Thompson, CTO and Co-Founder, Tervela. “Adding new functionality such as algorithms or more asset classes is much easier on this platform. Our integration with FIX Flyer gives customers built-in redundancy, deterministic order routing latencies and ensured non-stop service without requiring additional infrastructure investment.”

With rules-based logic for trading and back office processing, automated data order processing and high-speed APIs, the integrated platform provides an intelligently architected approach to electronic trading and order routing. Additional capabilities include topic configuration, protocol transformation and normalization and multicast assignment. Traders at the global firm have the ability to safely handle unforeseen spikes in volume during volatile markets and experience increased operational efficiencies from consolidating systems and network connections into a single managed strategy.

“Global brokerage firms trade multiple assets across many different geographies, which taxes their trading architectures in very specific ways,” said George Kledaras, Chairman and Co-Founder, FIX Flyer. “FIX on TMX was designed to deal with the demanding performance requirements, heavy dependence on messaging and unique operational challenges they deal with every day. Unlike the legacy, software- based systems that many brokerage firms have, we are working with Tervela to deliver unparalleled speed, continuous stability, enterprise scalability and state of the art monitoring so they can overcome these challenges.”

FIX Flyer is a charter member of the Tervela Advantage Partner Program (TAPP), an ecosystem of integrated partner solutions that extend and amplify the Tervela Message Network to ensure that financial services firms maintain competitive advantage with their high-performance trading infrastructures.

About Tervela
Founded in 2004, Tervela delivers the next-generation communications infrastructure – the message network – designed and engineered to exceed the information dissemination and processing requirements of the world’s most demanding financial services institutions. Addressing the challenges of market volume, volatility and visibility, Tervela invented the message switch to enable investment banks, hedge funds, exchanges and other data-intensive organizations to deliver consistent, outstanding and predictable performance – even in the most demanding market conditions. The company is funded by Goldman Sachs, Sigma Partners, Acartha Group and North Hill Ventures. For more information, please visit www.tervela.com.

About FIX Flyer
Based in Tribeca, New York City, FIX Flyer develops advanced technology for managing complex, multi-asset, institutional securities trading using highly scalable internet networks and technologies. FIX Flyer provides Managed FIX services, FIX engine agnostic monitoring, certification and testing tools, zero-install and fully hosted web applications to manage algorithmic trading and fund allocations for a new breed of portfolio managers. The Flyer Engine is the first FIX server designed to manage high volume, ultra-low latency trading networks and ECNs, easily scaling to thousands of connections. FIX Flyer hosts and partners with Equinix, the leading global provider of network-neutral data center and interconnection services. Visit www.fixflyer.com for company information and to download Flyer for a free evaluation. FIX Flyer is a member of the FIX Protocol Ltd., the industry-led standards organization.

For more information about FIX Flyer please contact:
Nick Nickitas
FIX Flyer
+1 888 349-3593
marketing@fixflyer.com

Brian Ross
FIX Flyer, LLC
+1 888 349-3593
brian@fixflyer.com

For more information about Tervela please contact:
Steph Johnson for Tervela
+1 212.808.4904 phone
+1 917.805.6925 mobile
steph@stephjohnson.com