Omgeo Central Trade ManagerSM Early Adopter Program Gains Twelve More Participants 29 Firms from All Segments of the Global Securities Industry Now On Board

Omgeo, the leading provider of global trade management services, today announced that twelve additional firms have signed on as Early Adopters" of its Omgeo Central Trade Manager (Omgeo CTM) global STP platform, bringing the total number of firms committed to implementing Omgeo CTM to 29, with more firms in the pipeline.

Boston/New York /London - April 29, 2002 -Omgeo, the leading provider of global trade management services, today announced that twelve additional firms have signed on as Early Adopters" of its Omgeo Central Trade Manager (Omgeo CTM) global STP platform, bringing the total number of firms committed to implementing Omgeo CTM to 29, with more firms in the pipeline. The new participants in the program include BAE SYSTEMS Pension Funds Investment Management, Goldman Sachs Prime Brokerage, HSBC Trustee (Hong Kong) Limited, Union Bank of California, Comerica Bank, Deutsche Bank, JP Morgan Chase Securities, MFS Investment Management and Phoenix Administration Services Ltd. Also joining the program are three STP vendor partners -- HelioGraph, Mercator, and SimCorp.
We think that Omgeos phased migration strategy is the right one in the current business environment. Not every firm on the street wants to make a huge commitment to new STP technology right now and Omgeo allows firms to move at their own pace", commented David Rogers, Director, of Trading & Sales Support - Operations, Dresdner Kleinwort Wasserstein.
Our Early Adopter Program has been well received by clients from all segments of the industry and from all parts of the globe," said David Merrill, managing director, global operations for Omgeo. Given current market conditions, firms need the flexibility to determine the size and scope of their STP projects and reap genuine returns on their investments. Omgeo CTM makes this possible."
"We are delighted to be able to work together with Omgeo to provide our clients with the benefits of connectivity to the Omgeo CTM. The reaction and take up in the marketplace of Mercator GSS has been very encouraging; the addition of Omgeo CTM capabilities will make the product set even more attractive to our joint clients," said Roy King, CEO & Chairman at Mercator.
In addition to the twelve firms announced today, participants in the Omgeo Early Adopter Program include six investment managers -- Lazard Asset Management, Legg Mason Investors, Montgomery Asset Management, Invista Capital Management, Royal London Asset Management and Sofaer Global Research (HK) Limited; three broker-dealers -- Dresdner Kleinwort Wasserstein, Goldman Sachs and Morgan Stanley; five custodian banks -- Bank of New York, Citibank, N.A., Investors Bank & Trust, Northern Trust and Wells Fargo; two STP Vendor Partners -- Charles River Development and Thomson Financial Investment Management Group; as well as State Street Investment Manager Solutions LLC, a provider of outsourced post trade operations services.

Current Omgeo CTM Early Adopters
Fund Managers
Lazard Asset Management,Legg Mason Investors,
Montgomery Asset Management, Invista Capital Management,Royal London Asset Management, Sofaer Global Research (HK)Ltd, BAE Systems Pension Funds Investment Management,MFS Investment
Management

Brokers
Dresdner Kleinwort Wasserstein, Goldman Sachs
Morgan Stanley, JPMorgan Chase Securities

Custodian Banks
Bank of New York, Citibank N.A, Investors Bank & Trust, Northern Trust, Wells Fargo, HSBC International Trustee, Limited, Hong Kong Branch
Union Bank of California, Comerica Bank, Deutsche Bank

Outsourcers/Prime Brokers/Administrative
Companies
Goldman Sachs Prime Brokerage, Pheonix Administration Services Ltd., State Street Investment Manager Solutions LLC

STP Vendor Partners
Charles River Development, Thomson Financial Investment Management Group, HelioGraph, Mercator,
SimCorp

Omgeo CTM is a new central matching solution for domestic as well as cross-border trades worldwide, also providing real-time settlement instruction enrichment and settlement notification messaging. It incorporates industry Codes of Practice and local market standards to promote data integrity and streamline settlement. Though it runs on an entirely new XML-based, 15022-compliant TCP/IP platform, Omgeo CTM provides a bridge to the companys ETC service Omgeo OASYS GlobalSM, which it will eventually replace, enabling early adopting investment managers to immediately process their global trades through Omgeo CTM with any broker currently using OASYS Global, rather than with only those brokers that have also moved directly to the new central matching platform.
The Omgeo CTM Early Adopter program is a planned product rollout and migration strategy that was launched in January 2002 as a way to upgrade clients ready to take the lead in transitioning to Omgeos new workflow-oriented trade management solution. As part of the Early Adopters Program, firms that decide to use Omgeo CTM can lock-in 2002 pricing that is comparable to current pricing for Omgeos existing OASYS Global service while gaining the added flexibility and functionality inherent in Omgeo CTMs exception-processing oriented streamlined workflow environment. The Early Adopters Program is expected to terminate in June 2002.
Currently being implemented by Early Adopters, Omgeo CTM is expected to have live users in by the end of Q2 2002.
Omgeo LLC is the leading provider of complete global trade management services, processing 800,000 trades per day and serving 6,000 broker-dealers, custodians and investment managers in over 40 countries. A unique partnership between the securities industrys leading utility and the commercial sector, Omgeo is industry-backed and market-oriented. Through its integrated suite of Intelligent Trade Management SolutionsSM, Omgeo helps clients move from traditional methods of trade processing to our new unified solutions for trade management. Omgeo provides clients with a managed transition to a new and more efficient way of processing trades and reducing risk and costs while safeguarding existing technology investments. Omgeo is a joint venture company owned equally by The Depository Trust & Clearing Corporation (DTCC) and Thomson Financial. For additional information, please visit www.omgeo.com.