OpenLink

Itaú Securities Goes Live with OpenLink’s Findur Trading Platform

NEW YORK, NY, September 12, 2007 /Business Wire/ OpenLink, a leading provider of cross-asset trading, risk management and operations processing software solutions, announced today that Itaú Securities Inc., a New York-based broker dealer, has completed its initial implementation of Findur, OpenLink’s fully integrated trade management platform. Itaú Securities has deployed the platform to service its New York offices, strengthening trade-order processing, allocation and confirmation activities.

This global implementation project, addressing developed and emerging markets, was a collaborative effort involving members of OpenLink's and Itaú Securities' New York and São Paulo offices. Itaú's system infrastructure will be based in Brazil, and the functionality will be delivered to users' desktops via web browsers.

"This implementation marks the first broker-dealer deployment of Findur, and the success of the initiative is a testament to the flexibility of the Findur product" said, Kevin Hesselbirg, OpenLink’s COO. "Itaú knew what they wanted, specified the business requirements, and turned it over to our product experts to deliver a solution that was directly aligned with the business requirements. Building on this success, we look forward to introducing the Findur product to a broader range of capital markets players."

Gonçalo Fernandes, Head of Operations, stated, “Findur has delivered functionality that will enhance our operations across the Americas. OpenLink worked closely with our team to ensure that the project was delivered to our unique specifications, across many areas of operations. We look forward to a continued partnership with OpenLink and to the significant enhancements to our trading program that this implementation offers.”

Findur can trade across asset classes — from the simplest securities to highly structured derivatives — and supports the full processing of trades from front- to back-office. This gives OpenLink the ability to service organizations globally across the securities industry using a single system that can be tailored according to client needs.

About Itaú Securities

Itaú Securities, Inc. MEMBER: NASD/SIPC, was established in 2002 in New York as a broker dealer with the objective of distributing Brazilian securities to US institutional investors. Itaú Securities is a wholly owned subsidiary of Itaú Corretora de Valores S.A., the securities arm of Banco Itaú SA.

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 oil and products, natural gas, electricity, metals, softs, and other commodities. OpenLink's global client base includes more than 120 clients such as Banco Central de Costa Rica, Banco Itaú, Banco de Mexico, Bank of Canada, Bank for International Settlements, Deutsche Bank, HBOS Treasury Services, 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 more than 500 professionals worldwide.

Editorial Contact

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