SOLACE SYSTEMS AND FIX FLYER PARTNER TO CREATE FASTER ADVANCED TRADE DATA ROUTING PLATFORM

Joint offering enables service providers to offer fast, cost-effective FIX routing, transformation, and monitoring services

New York, New York — June 20, 2006 — Solace Systems, the leader in value-added services (VAS) routing systems, today announced a partnership with FIX Flyer, to embed their financial information exchange (FIX) technology in Solace routers. FIX Flyer’s core engine, routing management, and transformation software will allow Solace’s VRS/32 Value Added Services Router to more effectively distribute electronic financial trade-related messages in advanced FIX-enabled networks.

Low latency is paramount in financial networks today, as most trades are made by algorithmic trading engines where latency of a few milliseconds can mean the difference between making and losing millions of dollars. FIX Protocol standardization has made automated connections with counterparties possible, but the combination of FIX Flyer’s technology and Solace’s silicon-based data routing ensures that thousands of counterparty connections can be maintained with ultra-low latency.

“Although the advent of FIX protocols have greatly increased the speed at which global financial transactions occur, the sheer volume of data flowing through existing systems means transactions can no longer be handled efficiently by software-only solutions,” said Frank Guerrera, Solace’s Chief Technology Officer, Financial Services. “FIX Flyer and Solace share the vision that financial data exchanges are best accomplished through a service provider’s hardware-based intelligent network in order to reduce the latency and TCO associated with current solutions.”

For financial institutions, trying to keep pace with rapidly evolving technology is virtually impossible. With FIX technology embedded in service provider networks, firms can leverage leading-edge order routing, monitoring and data transformation technologies without the massive capital and operational expenditures of an on-site FIX development project.

“Solace’s VAS routing system is a perfect platform for FIX,” said Brian Ross, CEO of FIX Flyer. “Combining our leading technologies enables us to present service providers with a plug-and-play FIX platform that will enable key customers in the financial services industry to meet the demands of global trading today, and in the coming decade.”

About Solace Systems
Solace Systems enables service providers to gain competitive advantage through next-generation IP network services. Solace Systems value-added services routing solutions embed application intelligence directly into the carrier’s core network and provide intelligent handling of high-value traffic for enterprises and consumers.

About FIX Flyer
Based in Tribeca, New York City, FIX Flyer was founded in 2003 by George Kledaras and Randy Prager, pioneers in developing advanced technology for managing high-volume, multi-asset institutional securities trading using the FIX Protocol. FIX Flyers’ products include FIX engine with message transformation, normalization, and monitoring, and FIXtp, a fully hosted service on the TNS Network that takes spreadsheets or flat files converting them to a fast FIX stream. Visit www.fixflyer.com for company information and to download Flyer for free trial. FIX Flyer is a member of the FIX Protocol LTD, the industry led standards organization.

For More Information
Lara Clarke
Marketing Communications
Solace Systems
+1 613 271 1010 x1052
lara.clarke@solacesystems.com

Laura Slater
High Road Communications
+1 613 236 0909 x317
lslater@highroad.com

Nick Nickitas
FIX Flyer
+1 888 349-3593
marketing@fixflyer.com

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