EGAR Technology Implements EGAR Trading and Risk Management Systems in Latvian Bank Rietumu

New York, NY, , September, 20th, 2006 - EGAR Technology announces the signing of the contract with one of the largest Latvian banks – Rietumu Banka. In accordance with the contract EGAR Technology will implement in Rietumu Banka EGAR Focus system, which will provide front to back automation of all business-processes and functions of broker-dealer activity at the financial markets.

The common interface for remote access to operations at all the financial markets and exchanges and broad opportunities of the account control will be provided to the bank clients.

EGAR FOCUS is a modular, fully integrated position keeping system with pricing, reporting and risk management features supporting trading of over-the-counter and exchange-traded derivatives. EGAR FOCUS is one of the few comprehensive system solutions for the FX, equity, fixed income/interest rate, money market, metals, energy and commodity derivatives markets.