Tamesis Integrates Markit Credit Pricing and RED to Boost Trading and Cut Risk

London, 23 February 2005 - London - Tamesis has now integrated Markit Data and Markit RED (Reference Entity Database) into its Credit Trader platform, providing customers with access to the leading industry source for independent asset valuation data, used by global financial institutions for price verification and risk management purposes. Tamesis is a leading provider of credit derivatives trading and risk management solutions to both buy-side and sell-side institutions.

Markit Data provides accurate, independent mark-to-market daily pricing, drawn from over 45 contributing financial institutions, for cash securities, CDS, convertibles and syndicated loans. Markit RED is the industry standard for reference entity names, reference obligations and codes used throughout the credit default swap markets.

Mark Hunt, Director of Product Development at Markit, said, "The rapid development of the credit markets requires customers to have access to quality data and increasingly sophisticated platforms in order to manage the pricing and risk associated with their credit trading operations. By working with Tamesis, we can help customers with price discovery which will benefit both those looking to enter the credit markets as well as those planning to develop their presence."

Chris Roye, Global Head of Sales at Tamesis said, "Many of our clients are looking for a complete, integrated solution for credit trading. Partnering with Markit enables us to provide high quality data coupled with market-standard reference entity and reference obligation data. The combination of market-leading data and award winning technology is an important step towards providing a complete 'best of breed' solution to the credit trading community."

For further information, please contact:

About Markit

Markit is the leading industry source for asset valuation data and services supporting independent price verification and risk management in global financial and energy markets. Founded in 2001, the company is an independent enterprise with which the world's leading financial institutions and energy traders work strategically to create price transparency. Today, Markit enjoys the sponsorship of 13 financial institutions who manage assets in excess of $10 trillion, and data contribution relationships with over 45 dealing firms. Markit has designed, launched and acquired over 20 financial data services which are now used by over 300 institutions globally. Areas of product expertise and service include an independent valuation perspective on credit default swaps, syndicated loans and OTC derivatives (credit, equity, FX, rates, energy, power, metals and structured products), as well as dividend forecasting and index and ETF management.

About Tamesis

Tamesis provides new-generation trading and risk systems to international investment banks and buy side institutions. The company was founded on the belief that, until now, an institution's ability to harness the power of its organisation has been limited by technology. Tamesis' solutions are helping several leading banks reduce costs, whilst addressing the issues caused by globalisation, cross product trading and the drive for efficiency. Tamesis has built the first real time, scalable and co-operative trading solution and is headquartered in the City of London.