21st August, 2006
Korean brokerage firm Goodmorning Shinhan Securities joins Fidessa's global broker network

Tokyo – 21 August 2006 - royalblue (LSE:RYB), provider of Fidessa, today announced that Goodmorning Shinhan Securities, a leading specialist Korean securities brokerage and investment banking house, has signed up to receive order flow from Fidessa’s global connectivity network.

With Goodmorning Shinhan Securities, Fidessa users will now be able to trade equities, derivatives and perform DMA trading directly on the Korea Stock Exchange (KSE). Goodmorning Shinhan Securities specialises in this market and supports both liquid and illiquid stocks and Fidessa users will benefit from this local market expertise.

Michael Kim, head of DMA, equities and derivatives for Goodmorning Shinhan Securities says: "We are excited to join Fidessa’s reliable and low latency global connectivity network. Through Fidessa we can offer our services to a vast number of buy-side firms and as a non-conflicting broker we aim to provide Fidessa users with transparent pricing and local expertise in the Korean market.”

Goodmorning Shinhan Securities joins over 170 sell-side brokers on Fidessa’s global order routing network which includes Bear Stearns, BNP Paribas, Cheuvreux, CSFB, Deutsche Bank, Goldman Sachs, HSBC, Lehmans, Merrill Lynch, Morgan Stanley and UBS providing execution services for global markets.

James Hardcastle, head of Fidessa’s Asian broker network adds: “We are delighted to have such a key regional player join the ranks of blue chip brokers on our global connectivity network. With Goodmorning Shinhan we further bolster our position in Asia, which is a key area of focus for us, and we now boast 34 specialist brokers across this region.”

Fidessa’s broker network provides a fully normalised, highly resilient, broker-neutral solution for clients wishing to route order flow to a variety of sell-side destinations. Typical users of the network include both the buy-side and the sell-side requiring non-member trading facilities on numerous markets. Access to the Fidessa network is available via the Fidessa trading platform, the Fidessa Workstation or by direct FIX connectivity.

The Fidessa product suite provides integrated multi-asset trading, market data and connectivity to over 750 buy-side institutions, 170 brokers and 68 exchanges, and is used by over 85% of global, tier-one equity brokers. Fidessa serves over 9,000 users at over 260 clients around the world.

About Goodmorning Shinhan Securities
Goodmorning Shinhan Securities (GMSH), a wholly owned subsidiary of NYSE ADR listed Shinhan Financial Group, is the only Korean Securities firm with a rating from S&P. Shinhan Bank, Shinhan-BNPParibas ITMC, and Shinhan-Macquarie Financial Advisory are a few of the major subsidiaries in the SFG family.

As an official member of the KRX, GMSH has over 100 branches nation-wide including offices in New York and London, with over 1,700 professionals, providing competent execution services.

GMSH is by far the leading DMA service provider in Korea and with its strong “Technology-Driven” sales marketing skills, provides direct connectivity on the KRX using GMSH’s membership and FIX/API gateway server technology to trade KOSPI equities and index futures and option.

Fidessa group is a world-leading supplier of multi-asset trading, portfolio analysis, decision support, investment compliance, market data and global connectivity solutions for both the buy-side and sell-side globally. Available as a simple workstation or as an integrated application suite, the Fidessa and Fidessa LatentZero products are built on the clear vision of providing the richest functionality, coverage and distribution to the financial markets community.

The Fidessa suite is used by 85% of tier-one, global equity brokers providing sophisticated multi-asset trading, market data, order management and execution capabilities to all tiers of the sell-side.

The Fidessa LatentZero suite is used by the world’s largest asset management firms through to smaller specialist managers and hedge funds, and provides comprehensive portfolio analysis, real-time P&L, what-if analysis, investment compliance, order and execution management, and post trade processing tools, across all asset classes, to all tiers of the buy-side.

Fidessa’s global network carries over 130 million messages a month covering DMA, Care and Algorithmic orders, Indications of Interest and FIX Allocations between over 1,800 buy-sides and 310 brokers across 100 markets worldwide.

Head-quartered in London and with offices in New York, Boston, Tokyo, Hong Kong, Paris, Toronto and San Francisco, Fidessa group serves 22,000 users across 600 clients globally. Fidessa group was founded in 1981, has revenues of around US$350m, employs over 1,200 people and has been fully listed (LSE:FDSA) since 1997.

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