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Press Release

September 22nd, 2008

Tora Clients and Participating Brokers can now Trade Electronically on Bombay Stock Exchange and National Stock Exchange of India

Hong Kong, September 22, 2008 (BUSINESS WIRE) – Tora® www.stage.toratrading.tw, the leading electronic trading platform and liquidity provider for Asia, announced today that it has added DMA connectivity in the TORA® Compass™ trading platform to India’s two major stock exchanges, the Bombay Stock Exchange and the National Stock Exchange of India. All Tora clients can now work with brokers connected to TORA Compass to electronically trade equities, futures, options, and derivatives in India using the platform.

“India is one of the most important equity markets in Asia, and indeed the world,” said Robert Dykes, Tora Trading Services CEO. “Adding connectivity to the major Indian markets is consistent with our mission of providing our clients with broad and deep access to Asian markets.”

Tora worked closely with sell-side broker Morgan Stanley India to deploy the FIX and DMA connections to the Indian exchanges – the first such connections ever deployed in India. Morgan Stanley provided Tora with in-country resources and assistance and has begun executing trades for Tora clients using these connections.

“We are delighted to offer electronic execution services to Tora’s clients trading India,” said Scott Field-Marsham, managing director and head of electronic trading for Asia at Morgan Stanley, Ltd., Hong Kong. “With the growth of the equity markets in India, it’s now crucial that our common buy side clients have the same access to India as they have to other major Asian markets.”

About Tora
Tora (www.stage.toratrading.tw) is the recognized leader in electronic trading systems and access to liquidity for Asia. The TORA Trading Platform is the most comprehensive multi-broker electronic trading platform focused on Asia with 75 Asian brokers, 24 markets, 14 countries, and over 150 algorithmic trading strategies to trade equities, stock futures and options, index futures and options, warrants, convertible bonds, swaps and other synthetics, all on one platform. Tora’s independent algos and off-exchange liquidity products are now being used by buy-side firms to implement complex trading strategies, achieving fast execution and best price. Over US $25 Billion in transactions are processed each month through the TORA Trading Platform, including over 25% of all electronic trading on the Tokyo Stock Exchange. The TORA Trading Platform is provided in an application service provider (ASP) model, and requires no IT infrastructure or staff at the customer site. Tora has over 100 employees dedicated to Asia, with primary, state of the art data centers in Tokyo and Hong Kong, providing 99.99% up time, low latency and high reliability across multiple markets. The TORA Trading Platform integrates with a full complement of third-party and proprietary order management, portfolio management, risk, accounting and other back-office and compliance systems. Tora Trading Services has offices in Tokyo, Hong Kong, Singapore, San Francisco, and New York. For more information, please visit www.stage.toratrading.tw.

Tora Trading Services, TORA Compass, TORA Clearpool, TORA Alpha and the Tora logo are trademarks or registered trademarks of Tora Trading Services in the United States and other countries. All other trademarks are the property of their respective owners.