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February 10, 2010

Fortis Bank Global Clearing Extends Market Access Services With Sol-3 Trader

Fortis Bank Global Clearing (FBGC), a third-party independent clearer and Sol-3 GmbH, a Germany-based software vendor for electronic exchange trading systems, have entered into a new cooperation.

By CBR Staff Writer

The alliance enables trading companies to use the Sol-3 trading front-end in combination with Fortis Clearing services either with their own membership or with a shared membership of Fortis Clearing.

The Sol-3 Trader platform is a trading tool for stock traders, derivative traders and market-makers including automated trading machines for quoting, opportunity trading, hedging, spreading or algo-trading.

The Sol-3 Trader provides connections to the European markets like Deutsche Borse (Eurex and Xetra including EBS and ETS), NYSE Euronext (cash and derivatives), London Stock Exchange, SIX Swiss Exchange, Xontro, Scoach and MTFs (Chi-X, Nasdaq OMX, Turquoise, Bats Europe, Quote MTF, Xetra International Market).

Chris Lee, global head of market access at FBGC said: “Adding the connectivity of Sol-3 to our low latency, high capacity trading network, is a great opportunity for us both. It opens another door to us with Sol-3’s loyal customer base, and offers Sol-3 the opportunity to extend its reach into the large array of global derivative and equity markets we clear around the world.”

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Norbert Geus, managing partner of Sol-3 GmbH, said: “After a good relationship between Sol-3 and Fortis Bank Nederland for many years now we are very happy about this next step of cooperation. The Sol-3 technology gives Fortis Clearing and its customers an alternative software solution for high-end trading.

The Sol-3 architecture is designed to meet the requirements of high-profile derivative traders, arbitrageurs and market-makers who will benefit of an accurate option pricing, fast and reliable quote management and the low-latency system architecture.”

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