LatentZero Continues North American Expansion With Hiring Of Top Industry Veterans

London, 28th July 2003 - LatentZero, the leading provider of front-office solutions for buy-side trade order management and compliance, today announced the hiring of industry veteran Roxanne Mazzatta to a senior sales position, following on the heels of other key North American hires and appointments.

"We're thrilled to welcome Roxanne Mazzatta to the LatentZero Team," said Bill Elbery, director, North American sales and marketing. "She has a 15-plus year track record of generating incredible results in the investment management marketplace. The successes she had at Thomson Financial, MINT and Macgregor will play directly into our strategy to take the leading role in the North American order management and compliance marketplace."

Mazzatta comes to LatentZero from Encompass where she was vice president of sales. Prior to that she was with Macgregor, MINT, and served as senior salesperson for Thomson Financial's PORTIA product. Mazzatta will be based in New York City and report to Bill Elbery, who is responsible for all North American sales and marketing.

In addition, earlier this year, LatentZero augmented its North American staff by hiring Cindy Parsons into a Boston-based sales role. Prior to joining LatentZero, Parsons was with Macgregor and Princeton Financial Systems.

Chris Flynn recently joined the firm to spearhead North American product development. Flynn, a former 10-year veteran of Advent, where he worked on that firm's front-office products, will concentrate on the continuing enhancement of LatentZero's front-office suite to fully meet the evolving needs of US Tier 1 investment management shops.

On the delivery side, Michelle Neal, a two-year LatentZero veteran, has moved from the firm's London office to its North American headquarters in Boston, to head North American professional services. Neal has held positions as executive director at Goldman Sachs International in London and with Linedata Services as head of that firm's European client services for the LongView order management product.

"There is tremendous demand for LatentZero's solutions in North America," said Neal. "I'm excited to evolve our professional services team to meet that demand and be a part of propelling LatentZero to the next level."

About LatentZero

- Tesseract is a sophisticated decision support tool that enables the portfolio manager to model and analyze portfolios, create 'what ifs' and automatically generate orders.

- Minerva is a global order management and trading system. It offers full FIX (Financial Information eXchange) support and easy integration with exchanges, ECNs and various liquidity sources.

- Sentinel is the pre-trade and post-trade compliance system that checks for breaches of client, company and regulatory rules. Sentinel can manage complex portfolios with a wide range of instruments. Its rule libraries cover every major regulator.

These products can be implemented as a single front-office solution, or individually, as part of a 'best in class' approach.

The LatentZero technical architecture is high performance and state-of-the-art. It is 24x7, flexible, open and scalable. It works seamlessly with any other front-, middle- or back-office technology, and significantly differentiates LatentZero from its competitors.

LatentZero has offices in Boston, New York and London. Its products are used by a wide range of buy-side organizations, including five of the 10 largest global investment managers.