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MDSL launches new outsourced solution for market data expense management

London, New York, Tokyo and Macau, 23 April, 2009 - MDSL, the leading provider of on-demand software used by financial institutions to manage their global market data costs, announced today the launch of a new service - Market Data Expert (MDX).

The worldwide spend on market data now exceeds $30 billion annually and is typically one of the top 5 operating expenses for financial institutions. Market Data Expert offers a comprehensive outsourced solution for banks and other users of market data services to control and manage these costs.

Ben Mendoza, MDSL's CEO said "This is a major milestone for MDSL. We have long been known as the pioneer of market data cost management with our cutting edge software, Market Data Manager (MDM). We can now provide a complete service that will both ensure all the routine tasks of market data administration are carried out accurately and promptly but, more importantly, will also leverage the expertise of our global team of market data professionals to identify all possible ways for financial institutions to reduce their market data costs without impacting their operations."

Simon Thomson, Chief Operating Officer - America for MDSL, added "We believe the timing of this new service launch is ideal. The focus on cost control has never been greater and the opportunities to save money on market data costs are many and varied. But identifying all such opportunities really requires a team of experts familiar with all aspects of market data and few organizations can justify such a team at a time when headcounts are being reduced. MDSL has an expert market data consulting team that can both maximize the potential savings and free up hard-pressed internal staff for other activities."

About MDSL

As the world leader in Telecom Expense Management and Market Data Management, MDSL delivers software solutions and services that help international organizations to reduce their costs significantly and on a global scale. More than 150 customers in over 34 countries trust in our products to improve their bottom-line results and ensure a fluid and controlled use of their telecom and market data services.