OpenLink

OpenLink Announces the Successful Rollout of Findur v8.0

Five Major Banks Have Successfully Implemented OpenLink’s Latest Version of Findur

NEW YORK, NY, April 2, 2007 /Business Wire/  — OpenLink, a leading provider of cross-asset trading, risk management and operations processing software solutions – announced today the successful rollout of its latest Findur release at five leading banks.

Findur version 8.0, released in August 2006, was developed closely with clients in response to their growth strategies concerning the latest market innovations and technology trends. Five major banks have successfully implemented this release and are already leveraging the latest features across their credit derivatives, hybrid/structured products, and pooled securities/fixed income desks. Key to the success of these projects was the speed with which the banks were able to bring the new solutions to market.

Highlights of Findur version 8.0 include:

• The latest credit derivative products including credit indices, tranched indices, synthetic CDOs, default baskets, and CDS Options
• New Interfaces to trading hubs and data services
• Expanded coverage of collateralized securities including ABS, MBS, CMBS, and CMO
• New Performance Measurement features including rate of return analysis, benchmarking, risk-adjusted metrics, and attribution
• Trader Desktop – a redesigned configurable deal capture and pricing facility
• OpenComponents – a Java-based development tool that clients can use to extend and customize the Findur application while leveraging core facilities and services
• Grid Services enabling users to easily scale their business activities across a cluster of engines, including their valuation/risk analytics, STP processing, end-of-day workflows, and accounting

Commenting on the success of Findur version 8.0, Phil Wang, VP of Product Management with OpenLink, said “The rapid uptake and rollout by our client base is a testament to how OpenLink’s strategic vision and investments are closely aligned with the growth plans of our clients. Our main mission is to ensure that our clients can continually expand their business as well as operate more efficiently.”

Findur version 8.0 is available in several deployment options including onsite installations and as an ASP.

About OpenLink

Founded in 1992, OpenLink is a leading developer of cross-asset trading, risk management, and operations processing software solutions. The company's Next Generation eXtensible (NGX) platform supports the most rigorous business requirements of firms trading in virtually all asset classes including interest rate derivatives, credit derivatives, hybrid/structured products, fixed income securities, insurance securities, foreign exchange, money markets, crude products, natural gas, electricity, metals, soft, and other commodities. OpenLink's global client base includes 120+ clients such as Banco Central de Costa Rica, Banco Itaú, Banco de Mexico, Bank of Canada, Bank for International Settlements, Deutsche Bank, Key Bank, and Nationwide Building Society. Headquartered in Long Island, New York, and with offices in London, Houston, New York City, Berlin, Vienna, Sydney, and São Paulo, OpenLink employs 480 professionals worldwide.

Editorial Contact

e-mail: Dorianne Landolphi
OpenLink
Marketing Communications Manager
Direct phone: +1 516 394 1115
Fax number: +1 516 394 1197