G-Trade Increases its E-Trading Volumes Worldwide with InfoReach TMS Electronic Execution System

CHICAGO, IL - October 10, 2000 (INB) — InfoReach, Inc., technology provider for Bloomberg/CLSA Global Tradebook, announces the successful delivery of the G-Trade electronic execution system for G-Trade Services LLC (a Credit Lyonnais Securities company) into production. InfoReach TMS provides order management, routing and execution services for G-Trade. G-Trade's execution platform enables investors to maintain complete control of their international order flow with real time status updates.

Initial release of G-Trade System was scheduled for January 2000, but the product was delivered in October, 1999. Since its release, the trading volume it handles has increased hundreds-fold. Joseph Weisbord, Managing Director of IT for G-Trade Services, says "InfoReach TMS has played an integral part in making G-Trade the fastest growing electronic broker in the world."

InfoReach TMS is an enterprise-level solution, joining numerous international G-Trade offices for a truly worldwide market reach. Clients have the ability to send single orders and baskets for simultaneous delivery across markets worldwide. 'Bang,' 'Reserve,' 'Discretion,' and 'Smart Pegging' orders can be sent to the market immediately and simultaneously.

G-Trade Services Ltd. is the executing and clearing broker for global equities executed through Bloomberg Tradebook. G-Trade is a wholly owned subsidiary of the CLSA Group, and a global leader in wholesale execution services in 65 markets around the world. InfoReach TMS based G-Trade is an STP (Straight Through Processing) system, processing orders from the client desk top to global electronic exchanges, through clearance and settlement.

InfoReach TMS is a platform for electronic trading of financial securities that provides order entry, matching routing and execution, portfolio management, strategy execution functionality, and back-office reporting to the institutional trading firms. InfoReach TMS includes a FIX engine, OMS (generic Order Management System) and a set of GUI trading tools for order-flow initiation and monitoring. FIX Protocol, the underlying messaging standard utilized by InfoReach TMS, assures that the process of connecting to the counter parties is fast. InfoReach TMS is cross-platform and component-based and can be plugged into an existing clients' firm-wide infrastructure.

Currently, InfoReach TMS is a mature product with several client installations including electronic order delivery and straight through trade processing (STP). The product functionality is continually being expanded to include more generic functionality of both the buy and sell sides.

To demo InfoReach TMS, call (312) 332-7740, opt.1. For more information about InfoReach TMS or InfoReach, Inc., visit www.inforeachinc.com.

About InfoReach, Inc.

InfoReach, is a software development firm, focused on applying cutting-edge technologies to complex financial engineering problems. As the electronic trading concept was heavily promoted through the introduction and acceptance of FIX (Financial Information Exchange) protocol, industry participants began looking for an enterprise quality solution to their electronic order flow management needs. InfoReach developed InfoReach TMS, a complete platform for electronic trading, in response to industry demands. InfoReach, Inc., headquartered in Chicago, also has offices in Europe.