Carr Futures Adds EGAR FX Options Margining System

Carr Futures, already a valued client of EGAR's FOCUS system for Metals, today announced the implementation of the FOCUS FX Options Margin System.

"We chose the FOCUS system for implementing an FX Options margin solution primarily because of the flexibility EGAR provided in customizing the system to incorporate our proprietary stress-test based margin calculations," remarked David Cox, CTO of Carr Futures. " Additionally EGAR showed demonstrated ability to integrate their solution into our environment."

Ravi Jain, EGAR's CEO and Co-Founder commented, "The Carr Futures implementation is a great example of the modularity of the FOCUS line of products and how EGAR can leverage this to rapidly create client specific solutions. Using our proprietary middleware technology, we were able to integrate the FX Options system to work in real-time with Carr's existing FX trading system. We are also thrilled to further expand our relationship with Carr Futures."

FOCUS is a fully integrated front to back trading and risk management keeping system offering pre-trade analytics, position keeping, risk analysis, reporting and middle/back office processing for multiple markets including FX, Metals, commodities, energy, fixed income, IR derivatives and equities.

About EGAR Technology

EGAR Technology (www.egartech.com) combines excellence in technology with capital market expertise to create sophisticated trading and risk management systems and solutions.

EGAR's applications offer cutting-edge, integrated and standalone front-, middle- and back-office trading and risk management systems. Additionally, EGAR has pioneered modular software - granting firms of all sizes the efficiency of a custom-built system with the affordability of off-the-shelf products. EGAR has built a global reputation for its user-friendly systems, which increase efficiency without sacrificing complexity.

EGAR has created solutions for some of the world's most important financial services firms, including ABN AMRO, Alfa-Bank, Bear Wagner Specialists, Carr Futures (Credit Agricole), Sberbank, CIBC, Fimat (Societe Generale) and many others.

EGAR Technology, Inc. was formed in March 2000 with the acquisition and merger of Intermark Solutions, a trading and risk management system firm, and Off-Site Development, a custom application development vendor. Today, EGAR has grown to over 180 technical and financial specialists worldwide, with a presence in New York, Moscow and Chicago.

For more information on this press release or any other EGAR Technology related news, please contact:

Dr. Michael Talantov
Marketing Coordinator
mtalantov@egartech.com
(+1) 212-223-3552