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SAN FRANCISCO, June 6, 2007 --
4th Story Connects to BAXTER-FX's Foreign Exchange Offering
4th Story, a leading provider of automated trading software to institutions, hedge funds and broker-dealers, today announced connectivity to BAXTER-FX's multi-bank system - currencydealing.net.
Automated and algorithmic trading strategists using 4S.Everglades™, 4th Story's high-performance real-time trading strategy platform, can now develop and run trading models on Baxter's ECN. Baxter has one of the world's most competitive and liquid ECNs for trading Spot FX, offering real time data, order book, and matching.
“Currencydealing.net is one of the more unique and innovative platforms that we have integrated with,” said Steven Smith, Chief Executive Officer of 4th Story. “It is a great complement to our multi-asset class, multi-currency products for real-time algorithmic and alpha strategy trading.”
“Trading strategists using 4S.Everglades for automated model operation and execution can now access the advantages of deep liquidity and real-time order matching on over 70 currency pairs,” said Jeff Grossman, Head of Sales at Baxter Financial. “4th Story has one of the most user- friendly solutions for algorithmic and program trading. We are delighted to be working with a company that is as customer focused and flexible as ourselves.”
About 4th Story (www.4thstory.com)
4th Story, LLC's suite of software quickly enables and manages automated trading opportunities for brokers, hedge funds and institutional traders. The company's products give the user the power of rapid testing and implementation of arbitrarily complex quantitative, algorithmic and automated trading strategies.
About Baxter (www.baxter-fx.com)
BAXTER Financial Services Ltd. is a global "Best Execution" and Technology group specialized in the Foreign Exchange markets. BAXTER-FX operates one of the world's most competitive and liquid ECNs for trading Spot FX. We believe that innovation, market knowledge, and technical expertise are the keys to enhance customer service.