NEW YORK, September 18 /PRNewswire/ --

- New Division to Spearhead Product Innovation and Maintain Portware's
Position as the Industry Standard Trading and Strategy Platform for Buy- and
Sell-side Institutions

Portware, an independent provider of global, multi-asset trading
solutions, today revealed ambitious plans for the development of its product
suite. Four high profile appointments have been made to strengthen Portware's
global operations and support its new Product Strategy Group, created
specifically to spearhead product innovation for buy- and sell-side
institutions.

Portware's technology has become the industry standard for trading single
order, portfolio and algorithmic strategies. Portware's new Product Strategy
Group will enable it to continuously evolve its global multi-asset trading
system to deliver customized and off-the-shelf trade and order management
systems for its diverse buy- and sell-side client base.

Jim Feingold and Harrell Smith have been appointed as co-heads of the
Product Strategy Group and will be responsible for Portware's product
direction. Eric Goldberg, chief executive officer, comments: "Since we
launched in 2002, Portware has seen unprecedented growth. Our trading
solutions are now deployed in more than 100 buy- and sell-side firms
worldwide. The newly established Product Strategy Group, under the
experienced leadership of Jim and Harrell, will ensure we effectively manage
this growth and our clients' needs."

Jim Feingold joins from Progress Software where, as head of North
American Sales for Progress Apama's algorithmic trading products, he played
an instrumental role in building the Apama business in the Americas. Jim is a
seasoned financial services veteran with more than 24 years of experience
working at leading firms such as Merrill Lynch, Laidlaw Capital Management
and Bloomberg Financial Markets.

Harrell Smith joins Portware from Celent, where he managed the firm's
global Institutional Securities and Investments Practice. At Celent, Harrell
advised leading financial services firms, exchanges and technology vendors on
initiatives including algorithmic trading systems development, market
structure, M&A, and platform implementation strategies. Prior to joining
Celent, Harrell worked in equity derivatives trading at BNP Paribas and as a
commodity derivatives analyst for Morgan Stanley.

Also joining Portware's New York office is Bill James as a senior
salesperson for the region and Steve Hovagimyan as chief administrative
officer to oversee financial, legal and HR functions. Prior to joining
Portware, Bill was vice president and senior account manager at Lava Trading.
He has extensive experience in selling OMS and EMS services to leading
investment banks and trading firms. Steve was formerly director of Strategic
Development at Andrew Davidson & Inc, where he was responsible for financial
management, the expansion of the company's product lines and geographical
reach.

Ary Khatchikian, president and chief technology officer, Portware, adds:
"Our new appointments have a wealth of industry and management expertise. As
the only wholly independent, broker-neutral trading systems provider,
Portware offers unparalleled access to market destinations and, with our
strengthened team and new division, we are well placed to continue to develop
and expand our offering globally."

About Portware

http://www.portware.com

Portware develops and sells multi-asset, automated and algorithmic
trading software and solutions to the global securities marketplace. As the
only wholly independent execution and order management trading systems
provider, Portware supplies traders with true broker-neutral solutions to
facilitate best execution. The company's suite of products includes a trading
platform which supports FX, Single Stock, Portfolio, Program, Pairs and Index
trading coupled with a powerful black-box Algorithmic Engine, the Portware
Strategy Server which offers a completely customizable central trade portal
to conduct a comprehensive range of trade activity. Since the company's
launch in 2000, Portware solutions have been implemented at more than 100
firms worldwide, including quantitative hedge funds, traditional asset
management firms and sell-side program trading desks.

Portware's event-driven, multi-threaded architecture has quickly become
the industry standard for high-frequency trading. On top of this
architecture, Portware offers an extensible feature set tailored for
different asset classes and trade styles, as well as tools for TCA, risk
management and real-time reporting and a combination of pre-packaged and
third-party algorithms and analytics.

Portware offers the ability to create proprietary algorithms to
control every aspect of trade management or execution, from automated
market-making, to hedging, crossing and full order-book management. These
strategies can be executed by traders from within Portware's user interface
or automated using the Portware Strategy Server, a high-speed algorithmic
engine for execution and order management.

Press enquiries to:

    Nicolle Farthing/Nicki Ferguson
    Cre8 Results Limited
    Email: portware@cre8results.com
    Tel: +44-(0)20-7734-9199