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 SKYLER INTRODUCES NEXT GENERATION ORDER BOOK MANAGEMENT PRODUCT AT HIGH PERFORMANCE ON WALLSTREET CONFERENCENEW YORK CITY, September 18, 2006 — Skyler Technology, Inc., an industry leader providing in-memory databases for real-time processing of market data for the financial services industry, will make the High Performance on Wall Street Conference in New York a venue for showcasing a leap frog advance in order book management capability. The technology and compliance trends in the financial services industry are well known and result in the need for faster, more flexible, and more sophisticated order book management. Skyler addresses this need with its new solution for next generation trading platforms, the C3 Order Book Management system. This new order book solution leap frogs existing systems through its unique combination of speed, flexibility, openness, and ease-of-integration. Skyler first showcases this novel configuration of its C3 Database at the High Performance on Wallstreet Conference, September 18th in New York. The Skyler C3 Order Book Management system convinces with its complete feature set that includes order aggregation for individual venues and across all venues, multiple aggregation types, a drill down capability to retrieve order, the ability to manage the whole depth of the book, and the unique feature to aggregate orders by volume to facilitate block or program trading. The system comes with a set of pre-built adapters to take in direct exchange or consolidated book feeds and to publish results out to standard messaging infrastructure such as RMDS or 29West, thereby greatly facilitating integration and reducing time to deployment. In addition, the Skyler C3 Order Book Management system distinguishes itself from the book feeds provided by feed handlers or aggregators through its openness and flexibility. Developers can use the Skyler C3 SDK and embed their own proprietary algorithms within the C3 Order Book Database. In addition, the aggregation types and levels are highly configurable and therefore provide a lot of flexibility to the user. Furthermore, the C3 Order Book Management system can be embedded into trading applications as shared libraries, therefore optimizing for ultimate speed. Skyler's ability to manage the whole depth of the book, makes the system highly suitable to ensure compliance regulations such as RegNMS or Mifid, two topics of increasing relevance in the financial services industry. "We are extremely pleased with the performance and feature set of Skyler's C3 Database in an order book configuration. We have received a lot of interest and traction from customers in the securities industry. The system is now available for a free trial and we will run a number of pilot projects within the next weeks. In the face of increasing legal regulations and market data volumes, this leading order book management system will set our customers above their competition.", says Michael Lenahan, Skyler's President and COO. Skyler's customers will immediately benefit from Skyler's superior offering. They can deploy highly sophisticated algorithms using Skyler's book data, significantly increase the speed to identify trading opportunities and decrease the time to deployment of their new trading system. Skyler C3 Database for Dynamic Data is the first low-latency, modular infrastructure building block that combines a real-time cache, a stream processing engine, and a time series database in one fast, flexible, and easy-to-use product. The combination of these characteristics promises to change the way financial services firms respond to the increasing market data rates. The C3 system can be applied to power real-time applications including algorithmic trading engines, pre- and post-trade analysis systems, risk management applications, ticker plant systems, and many more. Skyler Technology, Inc. is a privately held company located in Walnut Creek, California. For more information or to arrange a greater in-depth look at our software, please contact Valerie Bannert-Thurner at (925) 952-4880. - ###-
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Skyler Technology, Inc. partners with Reuters to offer real-time aggregated Order Book Solution.