TRACE FINANCIAL CEMENTS PARTNERSHIP BY SHARING STAND C339 WITH OPENLINK AT SIBOS 2005

Trace Financial Limited, a leading supplier of advanced messaging technology, and OpenLink, a financial and energy trading and risk management software provider, announced today that they plan to share a stand at SIBOS 2005 in Copenhagen during the week of September 5-9, 2005.

OpenLink and Trace Financial entered into a joint venture in 2002 to evolve OpenLink's Findur system into a fully integrated SWIFT message solution by incorporating the advanced messaging technology from Trace Financial's Cloverleaf®finance. Since then, the development of the Open Settlement Solution has been providing Findur users with an embedded core message set that facilitates the delivery of trade confirmations and payments via SWIFT, and a range of other messaging protocols including FIX, XML, CREST, Euroclear, etc.

At SIBOS, Trace will be showcasing its market-leading financial messaging solutions including, Cloverleaf®finance, the application integration platform and Transformer, the data integration and dictionary-based transformation toolkit that have been awarded the SWIFTReady GOLD label in the Financial EAI (Enterprise Application Integration) category for the seventh year in a row. Trace will also be demonstrating its Corporate Actions Management Solution, CAMS.

Naren Patel, director of marketing for Trace Financial said, "We were delighted that OpenLink chose Cloverleaf®finance as the best of breed STP facilitation product for this joint venture. Both companies are already reaping the benefits of this partnership which builds on our respective strengths providing significant long-term business opportunities for both companies, as well as delivering real value to our mutual customers."

Coleman Fung, founder and CEO for OpenLink also commented, "The partnership with Trace Financial has proven to be a successful one. A number of our clients, who have recently gone live with Findur and the Open Settlement Solution, can now attest that this joint venture is highly beneficial to their day-to-day business processes."

Editors Notes

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 specialising in providing solutions for the banking, securities, and reinsurance broking and property markets. Trace Group Plc was officially listed on the LSE in 1989. www.tracegroup.com

About OpenLink
Founded in 1992, OpenLink is a leading provider of 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 interest rate derivatives, fixed income securities, foreign exchange, money markets, metals, and energy. OpenLink's global client base includes Banco de Mexico, Bank of America, and Bank for International Settlements, Bank of Canada and Deutsche Bank 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

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

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