CHARLES RIVER DEVELOPMENT LEVERAGES FLYER’S IGNITION FOR FIX TESTING

Ensures high–quality development and deployment of FIX–based applications

New York, New York — July 20, 2010 — FIX Flyer LLC, a leader in solutions for electronic trading, today announced that Charles River Development, a front– and middle–office investment software solutions provider, leverages Flyer’s Ignition to help automate and manage testing of the Charles River Investment Management System (Charles River IMS). FIX Flyer has released version 1.10 with new features such as an enhanced log playing, improved simulation, and easier support for repeating groups, especially useful for account allocations.

FIX Flyer’s Ignition allows software developers to catch defects and correct them earlier in the application lifecycle — providing users with confidence and reducing costs associated with the development and deployment of FIX protocol–based systems. FIX Flyer is especially useful for counterparty simulation and testing the increasingly complex functionality used in algorithmic trading and simulating brokers.

"We have a rigorous testing process that leverages both in–house and external testing venues to deliver performance, scalability and resilience improvements from one release to the next," said Domingo Gonzalez, Vice President of Engineering, Charles River Development. "Flyer’s Ignition is a valuable tool that helps us manage hundreds of complex test cases and automate regression testing and quality assurance for FIX based applications. "

Ignition’s point and click Graphical User Interface (GUI) makes it easy for Charles River to control the testing process by simplifying the creation and management of detailed trading scenarios. Charles River’s Quality Assurance team also analyzes the results of more than 500 tests with simple to read reports.

Ignition allows any firm on the leading edge of electronic trading to keep up to date with changes without increasing staff. "As electronic trading continues to expand and grow, institutional investors require the highest degrees of quality without the increased overhead," remarked Brian Ross, the CEO of FIX Flyer. "Ignition offers automated and independent testing to make the entire investment processing chain efficient. We are thrilled that Charles River Development continues to use Ignition as a crucial component for their FIX testing plans. "

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 engines, FIX monitoring, FIX certification and testing tools, CSA reporting, latency and flow analysis, zero–install and fully hosted web applications to manage algorithmic trading and fund allocations for portfolio and wealth 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 and is an IBM PartnerWorld member. 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 Charles River Development

Charles River Development is a front– and middle–office software solutions provider to more than 300 investment firms in the institutional and fund management, wealth management/trust, alternative, insurance, pension fund and fund administration/custody markets in over 35 countries. The Charles River Investment Management System (Charles River IMS) is an institutional–class multi–asset, multi–currency software suite that consists of five main modules: Charles River Manager for portfolio management and modeling; Charles River Compliance for real–time pre–trade, in–trade, post–execution and end–of–day compliance monitoring; Charles River Trader for order management, electronic trading and execution management; Charles River Post–Trade for the centralized management of trade matching, confirmation, and settlement workflow; and Charles River Performance for daily performance measurement, attribution, and performance risk.

Charles River IMS features a modern, proven, N–Tier service oriented architecture (SOA) that is highly scalable and supports continuous 24x7 operations. Message–based APIs and exposed Web Services facilitate rapid systems integration. The system is fully integrated with the Charles River Network, a broker–neutral, financial network that incorporates global real–time electronic trading via FIX (Financial Information eXchange). Charles River also offers comprehensive FIX network and implementation services, as well as hosting and application management solutions.

Founded in 1984, Charles River maintains headquarters in Boston and primary offices in Beijing, London, Melbourne, New York, Paris, Singapore and Tokyo and has a local presence in every other major financial center of the world.

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

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