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The Montreal Exchange Plans To Use Radianz Financial Extranet

Date 23/10/2002

Radianz today announced that Bourse de Montréal Inc. (Montréal Exchange) plans to use Radianz's global financial extranet, RadianzNet, to connect brokers in the United States and Canada to the exchange's electronic trading system.

The exchange recently converted from a trading floor/outcry model to a fully automated system called Montréal Automated System (SAM). Earlier this year, it also obtained approval from the U.S. Commodity Futures Trading Commission (CFTC) to offer American dealers and brokers access to its electronic trading platform to trade index and interest rate futures.

Rosanna Teti, vice-president, business solutions and information technology of the Montréal Exchange said, "Through a single connection to RadianzNet, the exchange will gain access to the end-users in Radianz's global financial community. Brokers in the United States and Canada also will gain the secure IP connectivity needed for trading on our system."

For Radianz, its relationship with the Montréal Exchange will result in the addition of another important exchange to its global financial community. "As a result of the relationship, brokers who are connected to RadianzNet globally will be able to gain access to the Bourse through their existing connection to our extranet," said Chris Church, executive vice president of Global Sales for Radianz. "This is in addition to the access we already can offer them to several other leading exchanges throughout the world," Church added.

Beyond the equities segment of the financial industry, Radianz also is targeting the foreign exchange and fixed-income business.