FIX FLYER RELEASES CSA PLATFORM

In Production with Major Broker

New York, New York — June 1, 2009 — FIX Flyer, an innovator in efficient and transparent trading solutions, announces today that their Commission Sharing Arrangement (CSA) platform is in production with a major broker and their buy side clients.

The Flyer CSA platform simplifies the workflow between trading, operations, compliance, legal, vendors, and research partners in order to make it easy for prompt and accurate payments using accrued commissions. Flyer’s CSA platform allows the industry to comply with SEC section 28(e). The Flyer CSA platform integrates trade system data, along with commission and account reference information, as well as payment information. In addition, the buy side can automatically reconcile trades with the broker by uploading exported trades from their own Order Management Systems or Portfolio Management Systems and searching the broker’s recorded trades. Every payment and approval action between counterparty and internal compliance group is logged and kept in the system. Events and notifications are provided in real time through the web interface and via email.

The platform can be either hosted by Flyer’s secure hosting data center at Equinix or at the customer’s own site, either for the buy side or sell side. All data is integrated to the Flyer CSA platform via FIX drop copies, databases or files from clearing systems. In addition, the platform provides an easy way to keep scanned invoices, contracts, and other important information that can be readily accessed.

For the buy side, the platform was designed to be multi-broker in order to ensure diversity and encourage competition among their brokers. The platform can run without complex integration to the sell side.

For the sell side, the platform can be white-labeled to their clients, and customized for each user. The CSA administrator can entitle access to any type of user, making it easy to create and manage their very own trading community.

Flyer embeds search technology, which makes it easy for users to find what they need quickly, without learning how to use a rigid application, saving a lot of time. Users export data to an Excel spreadsheet or PDF for further processing.

“Our customers are looking for ways to automate their middle office, gain efficiency surrounding CSAs, and share that information with all of their trading community, in an interactive way,” says George Kledaras, Chairman and co-founder of FIX Flyer.

Please visit us at the FPL Canada conference in Toronto, June 1st and 2nd, and at the SIFMA conference in New York, booth #1812, June 23rd to June 25th.

About FIX Flyer
Based in 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