Gissing Software … Richard Gissing Chief Technology Officer and Founder • • A rapid overview of Gissing Software Real-time data Spreadsheet applications

Gissing Software …

Your link with the financial markets

• • • • • • Focus on the transforming and routing of real-time data Growing client list of top tier financial institutions More than 40 installations worldwide A byword in the industry for performance and reliability Established in 1991 and growing ever since Offices in London and New York

Our products …

Multi contribution systems and data feed handlers Trade data capture and integration

• • ConteX MCS EBS Market Rates Feed Handler • • ConteX Trade Capture Bloomberg Trading Integration • Electra

Market aggregation gateways to single trader console Real-time data solutions for Microsoft Excel

• RealtimeXL

Gissing Software …

Real time spreadsheets…

Are you being served?

Agenda • • • • • • The evolution of the real time spreadsheet The need for change Options for change The need for cost reduction Summary Q & A

RealtimeXL Real time spreadsheet evolution

The real-time spreadsheet timeline 1-2-3 WingZ/Applixware DDE/Adfin/Power Plus Pro PDD/Tiblink RealtimeXL 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005

Today’s issues • • • • • • Migration from Tib and Triarch to RMDS Migration to Windows XP and Office 2003 Introduces changes to Excel threading model Older products already having problems Demand for more efficient contributions Need for new applications with modern architecture to reflect these major changes • Cost reduction

Market requirements • • • • • • • Greater performance Combined with better reliability Connectivity to more data sources More flexibility and choice Faster and more reliable contributions Strong international support Better value

Gissing’s response • • • • • • • Low impact, high performance family of plug-ins for Microsoft Excel Custom application support via COM and .NET

Reduced network traffic and market data consumption Vendor independence Fast, efficient contributions. ConteX MCS integration.

Product roadmap and development plan Clear and simple migration strategy from older tools

RealtimeXL architecture - evolved User Interaction

Microsoft Excel

User Interaction

Microsoft VB, C++, C# …

Publish XLA Subscribe XLA Engine RTD Protocol Interface COM .NET

Cache Reuters Triarch TIB / Rendezvous RMDS Other Sources

RealtimeXL Version 2.0

•

Performance Benefits Subscription : 400% gain Publishing : 600% gain

RealtimeXL Version 2.0

• Subscribe functions: =RTD("RTXLRTD.Server",,"RSF.REC.EUR=.NaE","BID") =RTDGet

(TEST,”RSF.REC.EUR=.NaE”,”BID”)

=RTXLGet

(TEST,”RSF.REC.EUR=.NaE”,”BID”) =

RTXLGetExtract

(TEST,”RSF.PAGE.FXFX.NaE”,”ROW_1”,10,5)

RealtimeXL Version 2.0

• Publish functions =RTXLpub

(“profile”,”record name”,”field1”,”field2”)

Contribution throttling via Profile option.

Publish directly to Gissing’s ConteX MCS (multi contribution system).

RealtimeXL Version 2.0

• Other functions =RTXLhistory() =RTXLseries() =RTXLchain =RTXLdatatable() =RTXLtoday() =RTXLnow() Support for Entitlements 4 / DACS SASS3 Publishing Negative FIDS Network license server

RealtimeXL – Converter Pack

Publish/Subscribe Functions RealtimeXL Functions

Power Plus Pro Adfin TibLink Reuters DDE TibCO DDE

Converter Kernel

• • • • • • • Quick Scan Detailed Scan Convert Diagnose Progress tracking Testing Sign-off =RTXLget(() =RTD() =RTXLpub()

RealtimeXL – Converter Pack

Publish/Subscribe Functions

Power Plus Pro Adfin TibLink Reuters DDE TibCO DDE Applixware Vistasource Rtt.Multi

Converter Kernel

• • • • • • • Quick Scan Detailed Scan Convert Diagnose Progress tracking Testing Sign-off

RealtimeXL Functions

=RTXLget() =RTD() =RTXLpub() =RTXLupdate() =RTXLseries() =RTXLhistory()

Cost Savings – The key driver • • • • • It is possible to improve performance and reliability AND cut cost at the same time It has already been done A major European bank has replaced Power Plus Pro with RealtimeXL Those users who did not use Power Plus Pro’s Financial functions were immediately converted to RealtimeXL. Ultimately 3500 users in 23 locations.

Monthly savings of up to 65% were achieved and the resulting spreadsheets worked faster and more reliably

RealtimeXL - Packaging and pricing RealtimeXL - SDK COM and .NET Development libraries RealtimeXL

View

Subscription only functionality Single data source Entry level product Spreadsheet users only RealtimeXL Standard Full publish and subscribe functionality.

Multiple data sources.

COM and .NET Runtime RealtimeXL

Plus

As RealtimeXL Standard With the addition of full financial functions for Bonds and vanilla options RealtimeXL – Converter Pack

Summary • • • • • New highly efficient product architecture Performance benefits over older products Produced by well respected company with a reputation for quality and support RealtimeXL has a development road map ahead of it unlike other mature products Deployed globally by a major European bank with substantial cost savings benefits

Gissing Software … Your questions answered …