June 3rd, 2008 - Alphacet, Inc. has announced a new ASP trial program that gives clients 90-days access to test the features and capabilities of Alphacet Discovery.

Alphacet works with BT and interactive data to offer real-time, turn key platform for quantatative strategy development

Mark Hepsworth, President, Interactive Data: "Through this new relationship, Interactive Data is pleased to provide clients with the low latency real time, historical and fundamental data that are the foundation of successful strategy building.”

Alphacet, Inc. has announced a new ASP trial program that gives clients 90-days access to test the features and capabilities of Alphacet Discovery, the only straight through processing platform for quantitative strategy development and deployment.

Alphacet has also announced that it will be working with BT and Interactive Data Corporation (NYSE: IDC) to launch the new platform. BT will provide secure hosting services to Alphacet through Radianz Proximity Solution.

Interactive Data provides a broad, flexible range of low latency and historical market data feeds for Alphacet Discovery. In addition, Alphacet expects to add a broad range of end-of-day pricing and reference data from Interactive Data to its platform. Integrated tick and corporate actions data will be processed by Alphacet partner OneMarketData (OMD), as previously announced.

“Our ASP trial gives clients an easy, no-commitment way to experience the full features and power of Alphacet Discovery,” said Peter Sibirzeff, Chief Executive Officer of Alphacet. “We are confident that if clients use Alphacet Discovery’s real-time multi-asset-class development platform, they will deploy it.”

The ASP trial includes real time, fundamental and historical data for equities, fixed income, foreign exchange and commodities in North America and Europe, plus corporate-action services, via BT’s fully hosted and managed data center.

The Alphacet ASP product offering is preconfigured and can be used by multiple client user groups in multiple locations as a shared interactive development platform. No client installations are required and actual set-up time can be completed in one day.

The Alphacet Discovery (AD) ASP trial consists of a 90-day turn-key program that gives clients access to a fully integrated AD/Interactive Data/OMD installation, with secure hosting at a BT data center. Users will access Alphacet Discovery via Citrix. “Through this new relationship, Interactive Data is pleased to provide clients with the low latency real time, historical and fundamental data that are the foundation of successful strategy building,” said Mark Hepsworth, president, Interactive Data Institutional Business. “Interactive Data has a wide range of content that is very applicable to algorithmic trading and we are pleased to be working with Alphacet and OneMarketData to help create a service that combines this content and facilitates creating quantitative trading strategies."

The commercial launch of Alphacet Discovery, which has been in development and testing for more than four years, is planned for the second quarter of 2008. Alphacet Discovery connects to leading market data vendors and market database partners, and provides advanced codeless financial modeling tools that allow “on the fly” programming, backtesting, walk forward and capability to push live—all through a revolutionary drag & drop interface.

Alphacet Discovery on average reduces the time to market for strategy-generation and production from 13 to 26 weeks using conventional methods to as little as one to four weeks.

Key features of Alphacet Discovery include:Integrates real time, static and historical data from major market datavendors, exchanges and client-proprietary sources;

Multi-asset class, multi frequency, multi-instrument type capable; build any kind of model for any kind of instrument;

Complete transparency with high-speed object-oriented visualization tools;

Pre-configured quantitative, technical and statistical components for building all major strategy types—no additional programming or coding required;

Complex multi-layer models can be created, backtested, and risk/reward measured in hours/days instead of weeks/months;

Unique drag-and-drop GUI speeds strategy construction and iteration; and,

Includes real-time machine-learning routines for creating adaptivestrategies.

Alphacet Discovery’s seven categories of quantitative tools and algorithmsfor statistical arbitrage cover technical analysis; fundamental factor analysis; principal components analysis; machine-learning algorithms; econometric time series analysis; wavelets; and digital news processing.

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