PRESS RELEASE: December 2003. HEDGESUPPORT PAYS THE RIGHT MARGINS WITH MARGINCLICK HedgeSupport, a leading compliance and back office outsourcing provider to the alternative asset management sector, is proud to announce that from December2003 the MarginClick Application Service Provider technology will be available to clients through Alternatives-StJames (www.alt-stjames.com) and Alternatives-City (www.alt-city.com). Launched in September 2003, Alternatives-StJames and Alternatives-City are centres for managers, marketers, venture capitalists and others involved in alternative asset management, offering a comprehensive range of on site support services including back office, accounting, IT and compliance. MarginClick is a margin drill down tool that allows users to quickly recalculate both initial and variation margins on all the major futures and options exchanges of the world, including full spread and other offsets. In addition, MarginClick calculates margin for a wider scope of products including equities, bonds, OTC's, CFD's and CCP. MarginClick will allow Hedge Support clients to access the MarginClick technology and upload, via a simple Excel spreadsheet, trade or position data directly into the MarginClick calculation engine using simple 'drag and drop' tools. For prime brokers and hedge funds the 'what if' scenario capabilities of MarginCLick is very attractive, enabling the user to see the outcome of a potential asset allocation shift. Steve McGuinness, Managing Director of HedgeSupport said, "We are very excited to have signed on MarginClick, as it is such a useful tool to add to our ever expanding range of client services. The MarginClick technology fits well with HedgeSupport's in house back office processing system (THOTH) which forms the basis of our IT support services for our clients." PRESS RELEASE: July 2003. MARGINCLICK POST LAUNCH UPDATE & VERSION 1.1 RELEASE. MarginClick, the web based margin ASP, has now been enhanced following a successful launch two months ago. ‘The positive feedback from the market has been huge,’ comments Patrick Thornton-Smith of MarginClick. ‘In only a few weeks we have attracted a wide range of users encompassing hedge funds, asset managers, trading arcades, market makers, banks and the traditional brokerage community. A significant result has been the user input and this has allowed us to enhance the service resulting in the new version’. The major new feature of Version 1.1 is an optional variation margin calculator. This can enable real time results based on a user choice of last nights closing prices, intra-day ‘snap shot’ prices, user defined ‘what if’ prices and real-time feeds. This now allows users to not only see their variation margin figure before the end of the trading day but to achieve ‘what if’ scenarios based on price as well as position. ‘The launch of MarginClick and subsequent demand has proven that there is a market niche to supply an easy to use, low cost, high value service that delivers real-time, accurate and critical results in what is, a very complex area,’ says Patrick Thornton-Smith. ‘Of particular interest has been the wide range of uses encompassing risk and credit management, operational reconciliation, treasury funding and trading support, using the ‘what if’ facility. The interest in MarginClick has been from all over the globe and includes a number of ‘white label’ negotiations with a number of large brokers.’ PRESS RELEASE: May 2003 MARGINCLICK LAUNCHED MarginClick Limited (MCL) and Exchange Systems Technology Limited (EST) have formed a joint venture to market MarginClick, a true web enabled ASP exchange traded derivative, CCP, FX, OTC,CFD equities and bonds products margin calculator. Managing Director of MCL and head of the new division, Patrick Thornton-Smith, comments, ‘ MarginClick has a huge audience. The importance of margining in today’s financial world increases not just with increasing futures volumes but also with CCP initiatives and cross-margined product offerings. Although the ‘traditional’ technology buyers will be attracted to MarginClick, it is the end user community i.e. the person who ‘writes the ticket’, the hedge fund, corporate, retail customer etc where the product is aimed.’ MarginClick allows users, to upload via a simple excel spreadsheet, trade or position data directly into the MarginClick calculation engine using simple ‘drag and drop’ tools. Using the most readily available prices and risk arrays, the calculations are performed within seconds and results then emailed back to the user; more sophisticated communications protocols can also be supplied. ‘The uses of MarginClick are considerable’’ says Thornton-Smith. ‘For example, as most end users only receive their statements on a T+1 basis, MarginClick enables valuations to be done at any time of the day i.e. as markets close and/or at the end of the days trading thereby giving users knowledge of tomorrows obligations, today. The ability to independently reconcile with clearing broker(s) is obvious as is the ability for fund managers, for example to fulfil their regulatory requirements, such as IMRO, for independent valuations. We have had a lot of feedback from other areas such as the front office and proprietary trading desks that wish to integrate margining into their pre-trade and order book environments. The Prime Brokerage and Hedge Fund community has also shown interest. MarginClick will value any ‘what if’ scenarios, so, for example, if a hedge fund (or their Prime Broker) wants to see what will happen if there is a potential asset allocation shift, (and supporting derivative hedge or speculation), MarginClick will provide this ‘what if’ margin change without the need for the involvement of any cumbersome back office system.’ Rob Lowry, Managing Director of EST concludes, ‘We believe that this joint venture with MCL brings together a powerful force in creating products and services in today’s changing climate. As well as being developed as a stand alone ASP, MarginClick is a proven engine as part of the Eclipse back office package.’ PRESS RELEASE: May 2003 SIMON RAYBOULD JOINS MARGINCLICK LIMITED AS NON-EXECUTIVE DIRECTOR MarginClick Limited (MCL), the company founded by Patrick Thornton-Smith, has recently announced the appointment of Simon Raybould as Non-Executive Director. Raybould, most recently Managing Director of Sales & Marketing at EuroNextLIFFE, has been in the futures industry for many years and has held senior management positions with Greenwich NatWest and Barclays Capital. Patrick Thornton-Smith, MD of MCL comments,’ Simon’s experience in the derivative and cash markets are second to none and gives MCL a major boost in terms of profile, advice and knowledge. With his extensive knowledge of the FCM, end user and exchange communities, MCL has gained a valuable source of skills and I am delighted to welcome him to the board of MCL.’ For more information please contact info@marginclick.com.