DEXIA CRÉDIT LOCAL SUCCESS REINFORCES PARTNERSHIP BETWEEN OPENLINK AND TRACE FINANCIAL

Friday 2nd September, 2005

Uniondale, NY, September 2, 2005 - OpenLink, a leading financial trading and risk management software provider, announced today that its three-year partnership with Trace Financial, a leading supplier of advanced messaging technology, has led to proven success and continued praise from clients such as Dexia Crédit Local, a notable European financial institution.

In 2002, OpenLink and Trace Financial entered into a joint partnership to develop a fully integrated SWIFT messaging solution. The Open Settlement Solution was formed by incorporating Trace Financial's Cloverleaf®finance advanced messaging technology into OpenLink's Findur solution.

Dexia Crédit Local, an OpenLink client employing the Findur solution, is the principal provider of financial services to local public institutions. Djamal Medoulaki of Dexia Crédit Local noted, "Selecting OpenLink's Open Settlement solution provides us with an embedded core SWIFT message set that facilitates the delivery of trade confirmations and payments related to FX&MM, swaps, and a range of other messages. OpenLink and Trace Financial showed us that their integrated solution best fits our demands."

Evaluating risk across markets, Findur provides a secure, reliable, and extendable straight-through, exception-based processing (SteP) environment for trading, operations, compliance, and workflow management across derivatives, fixed income securities, FX, money markets, base and precious metals, energy, and other commodities. Naren Patel, director of marketing at Trace noted, "Cloverleaf®finance facilitates the delivery of trade confirmations and payments via SWIFT, and a range of other messaging protocols including FIX, XML, CREST, Euroclear, etc.

Coleman Fung, founder and CEO of OpenLink, commented, "We continue to progress with this partnership and by combining the functionality of Findur and Cloverleaf®finance, we continue to provide our clients with market-leading, best-of-breed functionality."

Both Trace Financial and OpenLink will be sharing the stand # C339 and showcasing these products at the SIBOS conference and exhibition in Copenhagen, Denmark, September 5-9, 2005.

About Dexia
Dexia Crédit Local was born out of the 1996 alliance of the two major European players in local public finance: Crédit Local in France and Crédit Communal in Belgium. Dexia forms one of the first cross-border mergers in the European banking sector, which is today one of the top fifteen banking groups in the euro zone. Dexia operates on two principal markets: local public institutions and the retail market. On the first market, Dexia occupies a leading position on a world scale, and on the second its field of action is regional. www.dexia.com

About Trace Financial Ltd
Trace Financial Ltd is a wholly owned subsidiary of Trace Group Plc. It supplies the financial sector with intelligent middleware, interfacing products, bespoke services, and workflow solutions. Established in 1974, Trace Group Plc is a London-based software and services supplier specializing in providing solutions for the banking, securities, re-insurance broking, and property markets. Trace Group Plc was officially listed on the LSE in 1989.

Cloverleaf® is a United States registered trademark of Quovadx, Inc

About OpenLink
Founded in 1992, OpenLink is a leading provider of energy and financial trading, risk management, and operations software solutions. The company's Next Generation eXtensible (NGX) platform supports the most rigorous business requirements of firms trading in energy, interest rate derivatives, fixed income securities, foreign exchange, money markets, metals, and soft commodities. OpenLink's global client base includes Bank of Scotland Treasury PLC, Bank of America, Bank for International Settlements, Bank of Canada, Banco de Mexico, Deutsche Bank and Dexia Credit Local among others. Headquartered in Long Island, New York, and with offices in London, Houston, New York City, Berlin, Sydney, and São Paulo, OpenLink employs 325 professionals worldwide. www.olf.com

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