LONDON, January 28 /PRNewswire/ --

- 'Complex Event Processing' to be a Key Technology Within the Pan-
European Equity Trading Facility

Turquoise, the multi-lateral trading facility (MTF) established by nine
leading European investment banks today announced that it is partnering with
Progress Software and Detica to deliver a real-time Market Surveillance
System. The combination of the Progress(R) Apama(R) Complex Event Processing
(CEP) Platform and Detica's market surveillance and trading expertise will
deliver a real-time and post-trade market surveillance system that will
capture breaches of trading rules, root out market irregularities and develop
enhanced trading execution analytics.

Commenting on today's announcement, Eli Lederman, Chief Executive of
Turquoise said: "Market surveillance is a vital requirement for any stock
exchange. By choosing the Apama platform and deploying Detica's expertise, we
also gain a very flexible system. This will allow us to add value to the
market data we collect and offer further client services such as detailed
analysis of transactions and a better understanding of price improvement and
performance."

Dr John Bates, Founder and General Manager of the Apama division of
Progress Software, adds: "The selection of the Apama platform by Turquoise
further affirms Apama's market leadership in delivering mission critical
CEP-powered business applications. The real-time detection of complex
patterns in market activity will discourage any potential abusers, maintain
an orderly market, and promote liquidity."

"Our brief is very clear: to design, build and deploy a robust, flexible
market surveillance platform within very tight timelines, to Turquoise's
satisfaction." says Simon Asplen-Taylor, Head of Market and Regulatory
Services at Detica. "Our team has the right mix of advanced technology skills
and deep business domain knowledge to make this happen. We are proud to be
part of an exciting venture that will ensure a fair and orderly market and
justify the trust that Turquoise has invested in the Detica-Progress Apama
partnership."

Notes to Editors

About Turquoise

Turquoise is an entrepreneurial, independent company that will provide an
innovative, pan-European and open trading platform treating all participants
equally. Backed by the largest investment banks in Europe, Turquoise will
have a critical mass of natural liquidity from day one: a venue that every
trader will need to access.

Turquoise's dark pool and lit pool will be able to interact with each
other to help the market trade more efficiently at improved prices. This
unique, integrated order pool, combining and matching dark and transparent
orders, will enable users to obtain price improvement for small orders and
trade large orders efficiently while minimising information leakage. The
clearing & settlement function will be delivered by EuroCCP, a subsidiary of
DTCC, a partnership that will help to drive down the total cost of trading.

For further information, please visit http://www.tradeturquoise.com

About Progress Software Corporation

Progress Software Corporation (NASDAQ: PRGS) provides application
infrastructure software for the development, deployment, integration and
management of business applications. The Apama platform is powered by the
world's most advanced and widely used complex event processing (CEP)
technology, which allows traders, regulators and exchanges to instantly and
continuously analyze, evaluate and respond to market events in real-time. Our
goal is to maximize the benefits of information technology while minimizing
its complexity and total cost of ownership.

For further information, please visit http://www.progress.com or
+1-781-280-4000.

Progress and Apama are trademarks or registered trademarks of Progress
Software Corporation or one of its affiliates or subsidiaries in the U.S. and
other countries. Any other trademarks or service marks contained herein are
the property of their respective owners.

About Detica

Detica is a specialist business and technology consultancy focused on
turning complex information into relevant and actionable intelligence. It
specialises in the information-intensive areas of security, fraud
containment, risk management, regulatory compliance and customer management.
Detica delivers a broad range of services including strategy formulation,
people and process change, and the delivery and support of technology
solutions.

From its inception in the national security arena to the Detica of today,
with offices in the UK, continental Europe and the United States, the company
offers in-depth experience and domain expertise in the government, financial
services and telecoms marketplaces as well as global financial markets and
Homeland Security in the US.

Detica's commercial clients include RBS, Barclays, Reuters, UBS, Sony,
Microsoft, Sky, BT and Vodafone. Government clients include Home Office, HM
Revenue & Customs, Department for Transport and Ministry of Defence.

For further information please visit http://www.detica.com.

Detica and Detica Limited product names are registered trademarks or
trademarks of Detica Limited in the UK and in other countries. Other brand
and product names are registered trademarks or trademarks of their respective
companies. Detica Limited is registered in England under number 1337451 and
has its registered office at Surrey Research Park, Guildford, England, GU2
7YP.