LatentZero Celebrates Five Years of International Success, and Appoints Gail Romano From NYSE as Marketing Director

London, 26th April 2004 - LatentZero, one of the world's leading providers of buy-side front office technology for the global asset management industry, is celebrating its fifth anniversary and five continuous years of sustained growth.

LatentZero's revenues have increased by over 100 percent each year since it was founded in London in 1999. The company now has offices in Boston and New York, a presence in Hong Kong and Singapore and, in response to demand, is looking to establish a European office.

"When we founded LatentZero, we always saw it as being a global company serving a global client base. Our vision then was to bring about the 'zero-latency' asset management enterprise, through the provision of real-time Straight-Through-Processing systems. Today our technology is being used by five of the world's top ten asset management companies, with well over 2,500 traders, portfolio managers and compliance officers managing in excess of $5.3 trillion AUM," comments Richard Jones, co-founder and Managing Director of LatentZero.

"Success has come about through a combination of the strength of our technology and the hard work, dedication and industry knowledge of our people, who focus on the business issues that clients are attempting to address and are working alongside them to ensure that they are resolved," he adds. "However, we are not planning on standing still. Our growth strategy for the next five years is exciting and ambitious. On the company side, we aim to expand on all fronts by looking towards new regions to help us increase our international coverage and by continuing to develop relationships in our current markets. On the product side, we will continue to deliver new solutions and functionality that will provide significant front-office differentiation, furthermore, we will be offering additional flexibility in terms of the way we deliver our services and software."

"To ensure that we continue our forward momentum, we have added another key person to strengthen our management team," explains Dan Watkins, co-founder and head of North American operations. "We have recently appointed Gail Romano as our Global Marketing Director. She joins the company from the New York Stock Exchange where she was Director of Broker Trading Systems and Technology Marketing. At LatentZero she will be in charge of marketing, branding and sales support initiatives on a world-wide basis."

"I have watched LatentZero grow over the past couple of years and have seen it evolve into a truly global company with enormous potential. It will be my job to contribute to LatentZero's ongoing growth, by ensuring that our sales teams have all the support they need to continue with their sales successes, to help the company explore different segments and develop new relationships," enthuses Romano. "LatentZero is a dynamic company, with a wonderful array of talent, knowledge and industry expertise and an outstanding set of products. I am very excited to be part of its future."

LatentZero is in the process of adding some advanced product functionality, formulating new service offerings, establishing some key partnerships and negotiating a number of exciting reseller agreements. During the coming months it anticipates announcing a number of new business wins and the formal opening of a European office.

About LatentZero

LatentZero is a global technology firm specializing in front office solutions for the buy-side community. LatentZero provides expert assistance with product implementation, technical integration, business and workflow review, consulting and training for its Capstone product suite.

About Capstone

Each component of Capstone works seamlessly with each other, but also can be implemented separately as part of a best-of-class approach. The components are: Tesseract, a portfolio manager decision support and order generation tool; Minerva, an order management and trading system; and Sentinel, which monitors the entire process for compliance and includes libraries of rules of all the major regulatory bodies across the globe. 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.