Ubitrade announces Chicago based FCT "live" on Ubitrade Futures & Options back-office and book-keeping system, replacing Sungard's GMI.

M2 PRESSWIRE-5 March 2003-Ubitrade: Ubitrade announces Chicago based FCT "live" on Ubitrade Futures & Options back-office and book-keeping system, replacing Sungard's GMI(C)1994-2003 M2 COMMUNICATIONS LTD

RDATE:03052003

Ubitrade, a leading supplier of advanced systems solutions for trading, risk management and back office on capital markets, today announces the finalization of the implementation of its Ubitrade Futures & Options back-office system for the FCT Group in Chicago. The FCT Group is an international trading firm, headquartered in Chicago and a clearing member of the CME and LIFFE.

Ubitrade Futures & Options is part of a complete STP solution for listed derivatives, from executions to trade booking. The book keeping solution will be used by FCT in Chicago, London and Gibraltar.

Ubitrade Futures & Options replaces Sungard's GMI system. Mr. Michael Rathberger, Executive Vice President, Treasurer of FCT Group, commented on the acquisition of Ubitrade Futures & Options system:

"A key element in our decision was Ubitrade's open technology, which can easily be integrated with our existing platform. The attractive feature is the access to the underlying data for staff of all levels. Before, accessing trade data was IT intensive, now it is controlled through the departments, who use the data."

Eric Wicart, Managing Director, Ubitrade Inc., commented: "We are happy to have contracted with FCT Group, Ubitrade's first CME clearing member client and are proud to have successfully implemented our back-office system while keeping-up with an aggressive time schedule. This project is another "smoking gun evidence", that Ubitrade is a viable alternative to the existing "duopoly" on the US market."

FCT (First Continental Trading Inc.) Group

FCT conducts proprietary trading, arbitrage and market making activities on futures contracts, options on futures, OTC cash products, equity securities and options on equity securities.

Through its international network of subsidiary companies and of affiliated firms, FCT is an active participant on virtually every major derivative exchange in the world.

Ubitrade Futures & Options

Ubitrade Futures & Options is a complete STP solution, from executions to trade booking, for listed derivatives on all major world financial markets. It features order routing including pre-emptive risk management, post-execution risk management, back-office processing and Internet access for end-users.

Ubitrade Futures & Options relies upon an open and Internet-compliant technology based on Oracle, C/C++, Corba, Java, XML.

CONTACT: Didier Bouillard, Chief Executive Officer, UbitradeTel: +33 1 41 27 95 00Sophie Gosteau, Marketing Department, UbitradeTel: +33 1 55 46 33 50Fax: +33 1 47 39 04 47e-mail: sophie.gosteau@ubitrade.comWWW: http://www.ubitrade.com

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