September 13, 1999, New York
Arbitrade Holdings, a leading market maker in exchange traded derivatives, announced its decision to license TechHackers' Bond QuantTools module libraries and a number of @nalyst spreadsheet add-in packages to support their fixed income trading operations. QuantTools libraries will enhance and complement Arbitrade's sophisticated fixed income trading systems.

Arbitrade is a global trading firm that merges exceptional trading experience with a superior theoretical foundation and an advanced technological framework.

Atul Jain, CEO of TechHackers commented, "Arbitrade's decision to rely on our QuantTools calculation libraries for their new applications will allow them to focus on their core business. We are pleased to add Arbitrade to our valued set of customers."

TechHackers is a software engineering and technology consulting company that designs and implements enterprise systems for trading, portfolio & risk management, and financial operations for the world's leading financial services firms. TechHackers has served as system designer and consultant to such industry leaders as Citicorp Investment Bank, Goldman Sachs, Greenwich Capital Markets, Lehman Brothers, Nomura Securities, Rabobank and Union Bank of Switzerland. TechHackers' line of financial calculation libraries, QuantTools analytic modules and @nalyst spreadsheet add-ins, are the leading off-the-shelf analytic software components for developing proprietary trading and risk management systems and spreadsheets. They are currently use by market professionals and system developers at over 3,000 firms worldwide.