FIX FLYER ACQUIRES TEPIN INFORMATION

Accelerating Offerings for Integrated FIX Tools

New York, New York — August 18, 2008 — FIX Flyer, an innovator in trading solutions for institutional markets, announces today that it has acquired Tepin Information, an innovator in institutional trade testing and FIX certification.

“Combining Tepin with Flyer’s monitoring, real-time trade analysis and simulation tool suite realizes the dream of an ingenious integrated solution from a single vendor,” says George Kledaras, electronic trading visionary and founder of FIX Flyer. “Tepin’s Ki platform is the leading connectivity testing tool for the largest and most complex buy side and sell side firms. Our customers have been demanding an integrated offering to help them streamline their connectivity. It’s a market driven event for both companies.”

“We are delighted that FIX Flyer and Tepin are working together on more great tools for FIX,” said Tom Driscoll, Vice President of Sales and Marketing at Global Investment Management Solutions provider Charles River Development, a Ki user since 2005. “Our clients demand a mission-critical experience from us so our FIX certification process requires a sophisticated testing suite.”

Mark Sipos, the founder of Tepin and author of testing tool Ki comments, “I am very excited to be joining the Flyer team, recognized universally as the most innovative FIX software company to come along in years. With their vision of a unified tool for operations, they go way beyond the current world of FIX engine technologies designed to be easy to integrate, but not so easy to scale and support.”

Tepins’ clients use Ki to greatly reduce the time that’s needed to certify and test counterparties’ FIX connectivity and complex algorithms without using the precious time of a developer or technical support specialist. In addition, the testing platform lets firms configure and perform regression tests, while analyzing results in real time. This greatly reduces the risk and the time it takes to bring a brand new connection, trading system, or algorithm to market.

FIX Flyer has worked with Tepin since 2004 and uses Ki to certify connections for their online products such as FIXtp, Flyer Online and to their Managed FIX services.

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. 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.

About Tepin Information
Based in Boston, Tepin Information LLC, founded by Mark Sipos in 1997, specializes in electronic connectivity through FIX testing, validation, certification tools and services. Our test and validation product, Ki, enables rapid and repeatable FIX testing without programming. Ki supports all major versions of FIX plus the use of custom tags and messages and is FIX engine agnostic. Visit www.tepin.com for more information and to request a free evaluation.

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