Released on = July 4, 2006, 4:19 am

Press Release Author = EGAR Technology

Industry = Financial

Press Release Summary = Today EGAR Technology launched a new cutting-edge product
EGAR ASP, a powerful real-time, web-based solution delivering affordable,
customizable and scalable platform for the screen based trading and risk management
of the Exchange traded and OTC derivatives.

Press Release Body =
EGAR ASP is designed for the institutional investors such us hedge funds, investment
banks and trading companies, and enables them to create the most cost effective
solution. The system provides the exceptional depth of market coverage and includes
equities, foreign exchange, precious and base metals, energy, soft commodities, Sox
and NOX emissions, and many other markets.

EGAR ASP trading features combine easy to use trading tools, intuitive market data
management, powerful position keeping and flexible reporting, while the risk
management part of the solution provides consistent pricing across all markets and
products. Sophisticated models and a full array of risk and "greeks" monitoring
enable traders to manage their portfolios with ease and efficiency.

The middle office part of the system provides a common data center for managing all
static data such as counterpart information, credit limits, margin settings, a full
security master, payment instructions and legal documentation, while the back office
functionality allows full control and monitoring of deal status from confirmation to
settlement.

Gena Ioffe, Chairman and CEO of EGAR Technology comments: "High quality combined
with cost effectiveness has always been our motto when launching any product. Our
new system fully reflects this principle as it has broad functionality and market
coverage, and at the same time, being a web-based solution, it's extremely
affordable and requires no special software or maintenance".

About EGAR Technology

EGAR Technology (http://www.egartech.com) combines excellence in technology with
capital market expertise to create sophisticated trading and risk management systems
and solutions.

EGAR\'s applications offer cutting-edge, integrated and standalone front-, middle-
and back-office trading and risk management systems. Additionally, EGAR has
pioneered modular software - granting firms of all sizes the efficiency of a
custom-built system with the affordability of off-the-shelf products. EGAR has built
a global reputation for its user-friendly systems, which increase efficiency without
sacrificing complexity.

EGAR has created solutions for some of the world\'s most important financial services
firms including RiskMetrics Group, Calyon Financial /Credit Agricole, Fimat
/Societe Generale, CIBC and many others.


Web Site = http://www.egartech.com

Contact Details = For additional information please contact

Ms Maria Demyanenko,
EGAR Technology
307 East 53rd Street, 6th floor
Tel: +1-212-223-3552
e-mail: public@egartech.com
http://www.egartech.com