Xchanging to enhance its Central Pricing Service by implementing AIM Software’s comprehensive Golden Copy Solution

FRANKFURT, LONDON, 9th September 2008 – AIM Software, a leading provider of reference data management solutions to the financial industry, announced today another successful going-live of GAIN Golden Copy, which serves as the new technological basis for Xchanging’s established Central Price Service.

Xchanging Transaction Bank, the financial service provider with more than ten years’ experience in the valuation of financial instruments, has significantly expanded its Central Price Service offering with the successful implementa-tion of the GAIN GoldenCopy platform of AIM Software. With its Central Price Service, Xchanging Transaction Bank provides institutional investors with validated prices and static data for publicly listed, structured and over the counter (OTC) financial instruments. As a result of the project, Xchanging can now process a much higher volume of data.

The new platform automatically checks the financial data within specified tolerances and clears up and standard-izes the data of different suppliers. The Central Price Services team valuates some 1,000 structured products a day. “Our philosophy is to invest in processes and services in order to improve and develop them continuously for the benefit of our customers”, comments Mike Margetts, Executive Director of Xchanging Financial Markets.

As part of the contract Lufthansa Systems, a global IT service provider based in Germany is responsible for the  Application Service Providing, while AIM Software provides the service-oriented GAIN Data Management platform and parameterizes the application to Xchanging’s needs.

Markus Ehart, Project Manager at AIM Software, points out the main drivers for this cooperation: “AIM Software focuses on a fast implementation of its products to achieve an early ROI for the client. Customers have now the full choice to either manage AIM Software’s multi-entity capable platform as a fully outsourced service or a fully inte-grated application. By utilizing AIM Software’s knowledge in financial data management and the extensive know-how of Lufthansa Systems in service-oriented IT infrastructure, Xchanging can now additionally bank on extended service-level agreements.”

By deploying GAIN GoldenCopy, Xchanging Transaction Bank managed to reduce manual tasks and to increment the automation of standardized data validation thereby increasing overall operational efficiency. Xchanging’s customers in Financial Markets can now benefit directly from the added-value services provided by the GAIN platform. From now on processes and new entities can be added within the GAIN platform easily.

“AIM Software is pleased to welcome Xchanging Transaction Bank in the extensive GAIN user group. The result of this project is a new offering of a central platform for about 15 banks helping them to better and more cost efficiently meet their daily needs in reference data management," says Martin Buchberger, Head of Marketing and Sales at AIM Software, "Through its modularity, GAIN intends to bridge the gap for our clients between a solution that immediately solves their today’s business challenges, while positioning them on an extensible application platform for the future.”

About AIM Software
Established in 1999, AIM Software (www.aimsoftware.com) is one of the leading providers of data management and risk management solutions for financial markets, with offices in Switzerland, Austria, the USA, Hong Kong and Japan. Based on the worldwide service and support partner network, AIM Software provides internationally established software solutions and services with more than 110 references in 17 countries in Europe, the United States and Asia. Supported by the large client base, AIM can offer low risk and low cost all-in-one software packages, based on its industry proven data management and risk management software platform GAIN. For further information, please visit http://www.aimsoftware.com.

Contact:
AIM Software:
Cornelia Brunner
Tel: +43 1 5124652
E-mail: pr@aim-sw.com

About Xchanging
Xchanging is a fast-growing international, pure play business processing company with blue-chip customers. Xchanging provides complex industry specific processing to the banking and insurance industries and procurement, finance and accounting, and human resources services to customers across industries. For more information visit www.Xchanging.com

Contact:
Claudia Behr
Manager Public Relations
Wilhelm-Fay-Str. 31-37
65936 Frankfurt
Telefon: +49 (0)69 12012 60137
Fax: +49 (0)69 12012 60060
E-Mail: claudia.behr@xchanging.com