TERVELA LAUNCHES PARTNER PROGRAM

FIX Flyer, Portware, Volante and Celoxica Leverage Tervela’s Message Network To Transform Trading Infrastructures

New York, New York — June 9, 2008 — Tervela, the leading provider of high-performance messaging systems, today announced the new Tervela Advantage Partner Program (TAPP). The program is an ecosystem of integrated partner solutions that extend and amplify Tervela’s Message Network to ensure that financial services firms maintain competitive advantage with their high-performance trading infrastructures. The combined solutions overcome the operational inefficiencies and continuity constraints of legacy middleware and messaging software. Charter members of TAPP include FIX Flyer, Portware, Volante Technologies and Celoxica.

“The Tervela Message Network is an intelligent, extensible, high-performance messaging platform engineered to exceed the requirements of the world’s most demanding, data-intensive, financial services organizations,” said Bob Cramer, CEO, Tervela. “It consists of networked, hardware-based Tervela TMX Message Switches™ that provide unparalleled message throughput, ultra low-latency, unlimited scale, and high availability. With TAPP we’re extending our solution to include best-of-breed partner offerings so our customers increase their competitive advantage without having to overhaul their systems from the ground up.”

Tervela has chosen partners with solutions designed to take on the demanding performance requirements and operational challenges of high-performance trading infrastructures. Integrated solutions offered by TAPP members are as follows–

• Tervela and FIX Flyer (www.fixflyer.com) provide an integrated electronic high-performance order routing platform that includes rules-based logic for trading and back office processing. Benefits include the ability to send and process orders for low-latency trading and increased operational efficiency from consolidating systems and network connections into a simple managed strategy. The combined solution gives traders the ability to safely handle unforeseen spikes in volume during volatile markets.
• Tervela and Portware (www.portware.com) provide a solution that enables firms to leverage algorithms and automated trading strategies across multiple asset classes (Equities, FX, Futures and Options) from a single interface. Benefits include the ability to take advantage of trading opportunities instantaneously while reducing risk.
• Tervela and Volante (www.volantetech.com) enable ultra low-latency integration of incoming real-time data or messages from any source or platform, as well as downstream processing of Tervela message flows. Benefits include the ability to normalize multi-sourced data, support industry standards, and develop and test market data applications. Time and costs are dramatically reduced because the need for hand-coded integration is virtually eliminated.
• Tervela and Celoxica (www.celoxica.com) provide a microsecond foundation for market data distribution to enterprise-wide systems that include pricing engines, matching engines and automated trading systems. Benefits include the ability to connect to multiple execution venues and source unprecedented levels of market data more quickly with a drastic reduction in the overall trade lifecycle.

"In today's real-time financial markets, the proliferation of dynamic, high-volume, time-sensitive data creates many problems," said Bob Pasker, independent technology consultant and Java luminary. “Together with its TAPP partners, Tervela is now able to deliver an architecture that will have a revolutionary impact on the efficiency of data distribution and delivery. With fully integrated components, the combined solution provides a single interface to deliver access to real-time market data and consistent message processing regardless of market volatility."

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.

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 zero-install and fully hosted web applications to manage algorithmic trading and fund allocations for new breed portfolio managers. The Flyer Engine is the first FIX server designed to manage high volume, ultra-low latency trading networks and ECNs for scaling to thousands of connections. Visit www.fixflyer.com or company information and to download Flyer for free. FIX Flyer is a member of the FIX Protocol LTD, the industry led standards organization.

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

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