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Ipedo and Global Electronic Markets Announce Integrated
Derivatives Solution for Financial Institutions

FpML Editor Combines with Ipedo's Management and Integration Platform

REDWOOD CITY, Calif., April 19, 2004 – Ipedo, a leading provider of information integration and intelligence software, today announced support for Global Electronic Markets' GemScribe, the FpML creation and review technology used as a basis for the International Swaps and Derivatives Association (ISDA)'s FpML viewer/editor. The integration of the FpML viewing and editing suite with Ipedo's XML Intelligence Platform offers financial institutions an integrated solution for their derivatives trading infrastructures to improve operational efficiency and reduce risk.

"By combining GemScribe's trade entry and display with Ipedo's trade and financial data management capabilities, we can provide a powerful platform for derivatives processing," said Brian Lynn, founder and CTO of GEM. "Ipedo's XML platform and derivatives trading modules deliver tremendous value for financial institutions using standards such as FpML, FIXML and MDDL."

"We are pleased to announce our integration with GemScribe," said Nick Zhang, CEO and co-founder of Ipedo. "The combination of our products offers an end-to-end solution for financial institutions looking for ways to improve profitability and reduce risk in their derivatives trading organizations."

The GemScribe FpML viewing/editing suite allows users to display and modify FpML documents using standard web browser forms. Its flexible and powerful displays focus on real FpML examples, and include those drawn from the FpML standard specifications. Using powerful XSL transformation, GemScribe allows the quick creation of new FpML documents and the display of FpML documents supplied by counterparties, brokers or external trading services.

Ipedo helps manage OTC derivative trades, trade histories and other critical trade related data to better manage risk, reduce operational costs and reduce capital costs. Through a set of powerful XML-based integration, information management and custom reporting features, organizations can use Ipedo to centralize the collection and management of financial information needed to automate the processing and reduce risk.

Ipedo's XML Intelligence Platform is a unique combination of information integration and intelligence technology. The software platform uses advanced XML techniques to extract and manage business critical data from disparate data sources, regardless of format. Ipedo's advanced query capabilities provide assembly of intelligent views on integrated data sets for improved decision making.

About FpML
Financial Products Markup Language (FpML) is the official protocol of the International Swaps and Derivatives Association (ISDA) for describing privately negotiated financial derivative transactions.

About Global Electronic Markets
Global Electronic Markets provides services and products for firms using FpML and related standards. GEM's services include standards development and advice, technology management consulting and portfolio reconciliation services using GEM's FpML toolset. GEM Development supports a set of products focused on enabling the creation, reconciliation, transformation and storage of FpML and related standards. Brian Lynn, GEM's CTO, is an editor of the FpML standard, a member of the FpML Standards Committee, and chair of the FpML Pricing and Risk working group. GEM is based in New York City and Ulster County, NY, and is available on the Web at www.global-emarkets.com.

About Ipedo
Ipedo delivers innovative information integration and intelligence software that provides on-demand intelligence. The Ipedo XML Intelligence Platform removes barriers to understanding by combining powerful information integration and query intelligence technologies in one system. Customers in financial services, life sciences, manufacturing, and high technology organizations rely on its advanced XML processing and patent-pending query technology to power a range of business critical applications. Ipedo is available on the Web at www.ipedo.com.