- Leading overlay manager experiences increased productivity -

New York, April 3, 2007 - FIX Flyer, a leader in Financial Information Exchange (FIX) trading solutions, announced today that Placemark Investments, the investment industry's largest independent provider of active overlay portfolio management services, has begun using FIX Flyer's online service for trading and allocation management.

Flyer technology is an advanced application of the FIX protocol, the globally recognized messaging standard for real-time electronic securities transactions.

FIX Flyer enables Placemark to use its own file formats simplifying trade integration into Placemark's proprietary investment management and accounting systems. Traders at Placemark stage and submit lists of orders by choosing an execution destination. Fills are allocated into potentially thousands of accounts using Flyer's powerful web application designed to minimize keystrokes and processing on the trader's desktop. Allocations are sent to the broker via FIX or custom formats and then translated back into Placemark's native processes.

"With FIX Flyer we've been able to significantly reduce our daily process time each day," said Richard Dion, Executive Vice President and Chief Operating Officer of Placemark Investments, which has offices in Dallas and Wellesley, MA. "FIX Flyer provides us with an automated, high speed, scalable trading solution."

One of the benefits to Placemark is that the new platform requires no software to be installed. FIX Flyer was able to create the hosted web allocations platform in four weeks. Replacing older client-server based technology, FIX Flyer enables Placemark to allocate accounts in a fraction of the time.

"We are very excited to deliver such productivity gains to Placemark," said Brian Ross, CEO of New York-based FIX Flyer. "Saving traders this much time allows them to pursue new opportunities and provide outstanding service to clients."

In addition to web application and integration, Flyer manages, certifies, and monitors FIX connectivity to Placemark's growing list of partners.

About FIX Flyer

Based in Tribeca, New York City, FIX Flyer was founded in 2003 by George Kledaras and Randy Prager, pioneers in developing advanced technology for managing high-volume, multi-asset institutional securities trading using the FIX Protocol. FIX Flyer provides zero-install and fully hosted web applications to manage algorithmic trading and fund allocations for new breed portfolio managers. The Flyer Engine is the first FIX server designed to manage high volume, ultra-low latency trading networks and ECNs for scaling to thousands of connections. Visit www.fixflyer.com for company information and to download Flyer for free. FIX Flyer is a member of the FIX Protocol LTD, the industry led standards organization.