Melbourne and Singapore – 13 October 2006 — Charles River Development and Yieldbroker Pty Ltd today announced a link between their respective systems. The link allows users of Charles River Investment Management System (Charles River IMS) to execute trades through Yieldbroker’s DEBTS trading platform, providing institutional portfolio managers with convenient access to the best available fixed income pricing and order execution in a transparent marketplace. The Charles River IMS is a comprehensive front- and middle-office software suite for all security types that includes Charles River Manager, Charles River Trader, Charles River Compliance and Charles River Post-Trade.

Yieldbroker is the dominant client-to-dealer trading platform in the Australian fixed income market, servicing over 35 major domestic financial institutions. Commenting on the link Yieldbroker’s General Manager, Richard Swift said, “The interface harnesses the strength of our platform for Charles River’s clients and greatly improves the efficiency of order flows. The integration of the OMS system with the deal execution system is also an important step towards the establishment of true straight-through processing in the fixed income market. We are delighted that we can offer clients a seamless electronic interface between the Charles River and Yieldbroker services”.

“By linking the two platforms, Charles River and Yieldbroker are providing institutional portfolio managers with tremendous benefits in terms of error reduction, increased operational efficiency and time savings,” said Cameron Field, Managing Director Asia Pacific at Charles River Development. “Together, the two firms provide a comprehensive and fully integrated fixed income workflow solution, from "what if" analysis and pre-trade compliance straight through to electronic trade execution, allocation and confirmation.”

The FIX-based interface facilitates electronic trading and order management by supporting generic orders, solicited orders and unsolicited orders originating in Charles River Trader. Charles River Compliance, a real-time compliance monitor, ensures all trades are compliant with various account, portfolio-level and enterprise-wide rules prior to execution. The outcome is a controlled trading environment in which investment managers can monitor fixed income trading compliance in real time. Charles River Manager provides advanced portfolio management capabilities.

About Yieldbroker

The dominant electronic trading platform in the Australian marketplace, Yieldbroker (www.yieldbroker.com) is a free, easy-to-use service that provides institutional fixed income investors with superior price discovery and deal execution in a secure online trading environment. Yieldbroker is the only domestic trading platform that provides competitive two-way markets on all transactions and offers unrivalled dealing flexibility. Clients are able to request simultaneous, firm markets from the leading fixed income price makers to execute on an Outright, Switch, EFP or MOC trade basis. Yieldbroker also allows clients to view participant banks “axes” in individual issues. Yieldbroker provides comprehensive market coverage giving investors the ability to view live indicative prices and request competitive two-way markets in over 600 securities. This includes Australian government, semi-government and corporate bonds, New Zealand government bonds with trading recently extended to cover the Australian FRN market.

About Charles River Development

Charles River Development is a market-leading provider of software and services to over 220 investment managers in the global institutional asset management, mutual fund, banking, pension, hedge fund, wealth management, and insurance industries. The Charles River Investment Management System is a comprehensive front-to-middle-office software suite for all security types that includes Charles River Manager for portfolio management and modelling; Charles River Trader for order management and electronic trading; Charles River Compliance for real-time pre-trade and end-of-day compliance; and Charles River Post-Trade for the centralised management of trade matching, confirmation, and settlement workflow. The system incorporates real-time FIX-based electronic trading via the Charles River Network, a reliable, secure, private financial network based on the BT Radianz global financial extranet.

Charles River IMS features a modern, proven, N-Tier service oriented architecture (SOA) that is highly scalable and supports continuous 24x7 operations. Charles River combined state-of-the-art (Java, Microsoft .NET and Web services) and industry- standard technologies to ensure Charles River IMS is open, flexible, scalable, functionally rich, and easy-to-use. Message-based APIs and exposed Web services facilitate rapid systems integration.

The company offers many services to complement its software including implementation services and managed services (hosted and remote application management). Founded in 1984, Charles River maintains headquarters in Boston and primary offices in London, Melbourne, Paris, and Singapore.

225 clients use Charles River IMS globally, including over 30 fund managers across Asia Pacific in locations such as Australia, Tokyo, Singapore, Thailand, Taiwan, Malaysia, and New Zealand. Charles River is the recipient of numerous industry awards including Best Buy Side OMS / Waters Reader Rankings 2005, Best Portfolio Management System / Waters Reader Rankings 2005, Top Compliance System 2005 / Global Investor, Best Buy Side OMS / Waters Reader Rankings 2004, Best Buy Side OMS / Waters Awards 2004, Top OMS System 2004 / Global Investor and Vendor of the Year 2004 / Operations Management newsletter.

For more information on Yieldbroker, please contact Richard Swift or John Kimpton on 1800 220 550 or email