QuIC Breaks Benchmark Speed and Performance by 30% Using New Intel(R) Technology

VANCOUVER, CANADA, Apr 20 (MARKET WIRE) --
QuIC Financial Technologies Inc., a leading global provider of risk
management, pricing and financial analytics solutions, has again set new
standards for speed and performance metrics for QuIC technology as a
result of incorporating a new microarchitecture from Intel(R).

Having achieved record results for speed and performance during the
initial benchmark test using risk scenario data sets in November 2008,
QuIC repeated the benchmark test using the recently launched
Intel(R)Xeon(R) 5500 series processors and received a thirty percent
increase in speed with the same portfolio. Designed to test real-world
environments, QuIC's benchmark portfolio covers Credit Derivatives,
Interest Rate Derivatives, Equity Derivatives and FX Derivatives; running
Potential Future Exposure (PFE) calculations using Monte Carlo generated
scenarios.

"We are extremely excited about our recent benchmark test results using
Intel's latest technology," said Tony Coppellotti, Chief Technology
Officer for QuIC. "With capital being even more scarce, banks need to be
very stringent on their assessment of counterparty credit and are
demanding the highest level of accuracy in their calculations, at quicker
speeds than ever before. Understanding this need, our team, in
conjunction with Intel, is focused on advancing our technology,
continually increasing our speed and improving our performance to ensure
that banks have the right tools to calculate the risk on a growing number
of scenarios and complex positions needed to compete in today's market."

"In order to advance our risk management technology to meet both our
in-house standards for speed and performance and the growing complexity
of customer requirements, testing all components of our solution to
extremely rigorous and stringent benchmarks is key to our success," added
Coppellotti. "We are also pleased to reach this level of performance
whilst retaining the full flexibility to customise pricing and valuation
models. As our customers are well aware, giving up flexibility to achieve
performance is not a good strategy for managing cost of ownership or
maintaining time to market for new products."

"Once again we are pleased that Intel continues to deliver the processing
speed and power to handle the massive calculations and scenarios demanded
by QuIC's solutions," stated Nigel Woodward, Intel's Global Director,
Financial Services. "Risk analytics in the banking industry are becoming
totally mission critical and we are enthusiastic to continue our efforts
with QuIC to help meet the intensive risk scenario and analytics
calculations that will more than ever be demanded by banking customers
around the globe."

About QuIC Financial Technologies, Inc.

QuIC is a global solutions provider for risk management, pricing and
financial analytics. The QuIC Product Suite(TM) features an exceptionally
fast vector-based calculation and simulation platform for pricing, risk
management and financial analytics. Built with fully open technology, the
QuIC Product Suite integrates easily with in-house and partner systems
and operates in diverse environments, from a single laptop to large
distributed grids. QuIC technology is delivered on a shared calculation
fabric available to multiple recipients throughout the enterprise,
allowing risk management professionals to collaborate in developing new
analytics strategies and technology solutions.

Trademarks

QuIC, The QuIC Logo, and QSF, QuIC Analytics, QuIC Analytics - Xl, QuIC
Analyzer, QuIC Credit Risk Solution, QuIC CVA Solution, QuIC Dispatch,
QuIC Engine, QuIC Functions, QuIC Integration, QuIC IRC Solution, QuIC
Links, QuIC Market Risk Solution, QuIC Mechanics, QuIC Mechanics CDL,
QuIC Network Engine, QuIC Platform, QuIC Product Suite, QuIC Publisher,
QuIC Run, QuIC Script, QuIC Services, QuIC Simulation Framework, QuIC
Structured Product Solution, QuIC Unified Market and Credit Risk
Solution, QuIC Unified Solution, QuIC View, and QuIC Workbench are
trademarks of QuIC Financial Technologies Inc. Or a Licensor in Canada,
the United States and/or other countries.

Contacts:
Press Contact:
QuIC Financial Technologies Inc.
Julie Zuzek, Director of Marketing and Communications
+44 (0)20 7562 4570
+44 (0)20 7562 4571 (FAX)
julie.zuzek@quic.com

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