Smart Trade to Lead Global Development and Support for the QuickFIX/J Team's 100% Open Source Java FIX Engine.

NEW YORK, NY and Aix en Provence, FRANCE, December 3, 2008 – Smart Trade Technologies, the leader in liquidity management systems (LMS) for the financial markets, in association with the QuickFIX/J Team, developers of the 100% open source Java FIX engine, announced today that Steve Bate, an industry open-source software expert who helped develop, maintain, actively support and build an open-source community around QuickFIX/J, is handing over global development, management and support responsibility to Smart Trade and its R&D group in France.

QuickFIX/J, a pure Java implementation of the QuickFIX engine, is the only full-featured open source Java FIX engine currently available. Drawing on Bate's tenure as Smart Trade's R&D director, the firm introduced the first 100% Java open-source FIX engine for the financial markets in 2006, which allowed a natural integration of the QuickFIX/J engine design with Java enterprise technologies, ideally suited for developing platform-independent FIX-related applications, tools and user interfaces. Smart Trade also uses QuickFIX/J to provide an out-of-the-box, enterprise-class FIX connectivity extension for its smartTrade Trading Platform (STTP), the suite of products that comprise is Liquidity Management System.

"It has been a great experience to interact with the QuickFIX/J community and see how widely the tool is being used," says Bate." Smart Trade will be taking over the project and development leadership with continuing support from two key QuickFIXJ firms, Marketcetera in the U.S. and McDonald Associates in Europe. I will be providing support to the project during the transition phase and will be less involved after that period. Smart Trade has been a good friend to the project as well as providing the server resources for QuickFIXJ's web site and supporting tools."

"Accepting this global leadership position," says David Vincent, CTO at Smart Trade, "is a natural transition for us and we are proud to take on the responsibility as I am convinced that being officially backed and lead by a company like Smart Trade will help QuickFIXJ follow the evolution of the financial industry globally."

About Smart Trade
Founded in 1999 by former IT and trading professionals from Citigroup, Credit Agricole and Société Générale, Smart Trade automates execution across the enterprise by providing the financial markets with the most sophisticated Liquidity Management System (LMS) that enables investment banks, brokers and exchanges to streamline their execution process across multiple-asset classes around the globe. For more information, visit http://www.smart-trade.net.

About QuickFIX/J
QuickFIX/J is a 100% Java implementation of the leading open source FIX engine, QuickFIX. QuickFIX and QuickFIX/J provide financial applications with the connectivity they need to communicate with hundreds of systems around the world using the FIX protocol. QuickFIX is in use by both buy-side and sell-side firms. Version 1.0 was released in March 2002 and integrated by several production systems. QuickFIX/J source code is freely available and uses a liberal open-source license compatible with the distribution of commercial software. For more information, visit http://www.quickfixj.org.