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June 1, 2006
GLOBEOP’S GOMARKETS TO OFFER BONDVISION TO HEDGE FUND CLIENTS

BondVision, the multi-dealer-to-client arm of the MTS Group, is pleased to announce an agreement with GlobeOp Financial Services (GFSSM or GlobeOp®) - a provider of fund administration and related support services for hedge funds, fund of funds specialists and high net worth family wealth offices - to create a direct connectivity via GoMarketsSM, GlobeOp’s electronic trading connectivity platform.

The agreement represents a major breakthrough in the hedge fund industry as GlobeOp’s clients will now be able to access BondVision’s premier multi-dealer electronic solution for fixed-income trading - where previously they might have been limited to trading via the telephone or required to access multiple electronic platforms from various dealers - as well as benefit from increased efficiencies through straight-through-processing (STP).

Through connectivity via GoMarkets, BondVision’s participating market makers can expand their service to GlobeOp’s hedge fund clients and a large and diversified buyside community, accounting for a significant share of the daily turnover of fixed-income securities.

Hans Hufschmid, chairman and chief executive officer of GlobeOp, said, “Adding BondVision’s European fixed income securities trading to our GoMarkets platform further enhances the remarkable power of the connectivity we are rapidly building for our clients. With BondVision, we see GlobeOp continuing to build its leadership position as an innovative solutions provider to the hedge fund community.”

Gianluca Garbi, chief executive officer of MTS S.p.A., added: ”Facilitating the requirements of market participants to automate transaction processing to their clearing and settlement houses of choice has always been a top priority in all the markets that MTS manages. This agreement with GlobeOp will extend to the hedge fund community the level of post-trading flexibility that BondVision is committed to providing to the 1,000 fund managers active in its market.”

Notes to Editors:

BondVision:

Powered by MTS, Europe’s leading fixed-income wholesale market, BondVision is the only regulated Internet-based multi Dealer-to-Client Market with an ISD European passport. Institutional clients connect via the Internet and request quotes from competing Dealers prior to trading at the best incoming price. BondVision Dealers are also members of the network associated with MTS Markets’ wholesale trading platform. Listed securities include euro-denominated Sovereigns, Agencies, Asset-backed securities and corporate bonds. Local currency sovereign issues from central European countries are also listed. Cash and Switch trading are supported. Clients trade on BondVision free of charge. Dealers on BondVision encompass a diversity of global houses and regional specialists.

GlobeOp:

GlobeOp Financial Services specializes in middle- and back-office support services and fund administration for hedge funds, funds of hedge funds, asset managers and high net worth family wealth managers. GFS provides independent services essential to the successful operation of private investment entities with activities ranging across a wide spectrum of traded instruments. The firm’s GlobeOp Risk subsidiary provides independent risk reporting and quantification to investors, creditors and managers. Company expertise is drawn from the senior levels of international banking and fund management and encompasses a wide range of relevant experience. More information about GFS can be found at www.globeop.com.

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