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MDSL officially announces Market Voice Manager: Cuts Voice and Data Costs in Trading Rooms and Beyond

New York City, Sept. 3, 2003 – Market Data Services Ltd.

(MDSL), the largest provider of cost-control software for market data and trading telecommunications, today announced the availability of its Market Voice Manager (MVM) software. It controls voice and data circuit costs in trading rooms and related offices.

For brokerage firms, banks, money managers and other financial organizations – both sell side and buy side – MVM uncovers opportunities for cost reduction. For example, it identifies unused or under-used circuits; its Circuit Inventory Management System is a real time inventory – even after lines are cancelled – of voice and data circuits and their usage. Each circuit can be cross-referenced by circuit ID, distant-end, key position and presentation, line file number, MDF pair, supplier, fault history and cost center.

Market Voice Manager checks supplier invoices, enabling users to charge back circuit costs to appropriate cost centers. MVM reconciles invoices against system databases or enters them against individual or grouped circuits. It generates cost analyses and an extensive array of standard and custom reports (via intranet or hard copy), according to such criteria as trader position, cost center, department, or section. It supports the latest generation of electronic invoices from phone companies and other telecom suppliers.

The new system links to most vendor turret management systems including IPC and BT Syntegra. Through these interfaces, MVM maintains a complete database of dealer board key assignments and their activity. The comprehensive information includes distant end details and support contacts; also organizational structure with departments, sections, and cost centers, and with building locations, floors and desk identifications.

MDS 2000 Suite

A key component of the Market Data Services Ltd flagship product – the MDS 2000 product suite – Market Voice Manager extends the benefits of two sister products: Market Data Manager is the leading tool for managing market data contracts and controlling cost; Market Change Manager is a web-based on-line requisition and approvals system operating on each user's intranet.

Ben Mendoza, Founder and Chief Executive Officer of MDSL, said, "Market Data Manager alone saves users at least 20 percent of on-going market data costs. With its allied product, Market Voice Manager, savings increase significantly. And Market Change Manager makes it easy for users to implement new arrangements and contracts with suppliers."

All modules of MDS 2000 are available as an ASP (Application Service Provider) or as licensed software, fully in-house with an annual maintenance contract. Market Voice Manager complements MDSL's recent marketing agreement with Union Square Associates, Inc., of Stamford, CT, a firm that consults on telecom and technology procurement for banks and other financial institutions. Union Square also manages telecom administration (including contract management, bill audit, invoice processing and provisioning) for its clients on an ongoing basis. Its services save 20 to 50 percent of ongoing telecom costs.