A. B. Watley Trades Up to TimesTen's In-Memory Database; Doubles Throughput at Half the Cost.

Business Editors/High-Tech Writers

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--June 11, 2001

TimesTen Performance Software today announced A.B. Watley has selected the TimesTen(R) in-memory database for its UltimateTrader II(TM) online trading service. A.B. Watley is a financial services software company that provides trading solutions for e-brokerages, banks, direct-access firms, and clearing houses.

To meet the demands of a growing customer base and to handle the exponential traffic spikes common to Wall Street firms, A.B. Watley needed to increase the transactional throughput of its Internet-based securities trading application. The company had two options: buy additional database licenses and another enterprise-class SMP server at the back end; or embed real-time data management software in the application tier. It chose the latter and realized a two-fold competitive advantage -- scalability to handle thousands of customers simultaneously; and the ability to provide those customers with consistent, real-time stock analysis.

Compared to its current conventional relational database management system (RDBMS), A.B. Watley determined that the throughput and efficiency of TimesTen allows the company to serve twice the number of users, with half the hardware investment. The savings in hardware alone will amount to several hundred thousand dollars.

A.B. Watley recognized several other benefits using TimesTen's off-the-shelf software: increased customer satisfaction, an easier real-time data management system to maintain, and 10 times more efficiency than a traditional RDBMS -- plus extra headroom for the unpredictable market spikes ahead. Deployment of the TimesTen solution is scheduled for this calendar quarter.

UltimateTrader II is a "direct access" trading system used by active, professional traders. Through the client software, users have access to dynamically updated, real-time charts, which will be fed data from the Times Ten in-memory database. This TimesTen database is populated through real-time streams of market data "ticks." Online users can simultaneously request intraday equity and option price charts that are built dynamically from the same TimesTen database.

"With TimesTen, adding new users to our systems becomes much more cost-effective," said Eric LeSatz, vice president of information services administration at A.B. Watley Group. "TimesTen is an excellent value on a pure price/performance basis. It's even more compelling when you think about it as an enabler of new, real-time services driven off of market data."

"The real-time `front-line' database processing used by financial service companies such as A.B. Watley, is best served by our lightweight, memory-optimized database technology," said James R. Groff, CEO of TimesTen. "Wherever there is a flood of messages, and time-critical interactions are taking place, TimesTen's in-memory database can meet the performance challenge with room to spare."

About A.B. Watley Group, Inc.

A.B. Watley Group Inc. owns and operates A.B. Watley, Inc., a New York-based NASD registered broker/dealer. A.B. Watley, Inc. is among the largest direct-access brokerage firms in the industry and operates an Institutional Sales and Trading Division specializing in the execution of complex and sensitive large-block equity transactions for institutions in the buy-side community. A.B. Watley Group licenses software technology and provides trading solutions for e-brokerages, banks, direct-access firms and clearing house companies. Through A.B. Watley, Inc. the firm provides one of the highest quality trading platforms available at among the lowest costs in the industry. Watley Group's technology has been featured in three case studies by Sun Microsystems and was featured in the SUNW annual report. A.B. Watley Group Inc.'s competitors include NYFIX, E-Speed, OM Group, Trade Cast, Ameritrade and Charles Schwab. The firm is located at 40 Wall St., New York, and on the Web at http://www.abwatley.com.

About TimesTen Performance Software

TimesTen helps companies quickly gain market-leading distinction. Our real-time data management software, industry expertise, and intense commitment to customer success have made it easy for companies to turn breakaway performance and scalability into a competitive advantage. Customers like Cisco Systems, Ericsson, Lucent Technologies, CNN, and Dow Jones depend on TimesTen's products, which manage the most vital, time-critical data inside next-generation voice and data networks, high-volume financial services applications, and dynamic e-business infrastructures. TimesTen is a 2001 recipient of the Upside Hot 100 Award, in recognition of technology leadership.

If you're looking to speed distinction, look into TimesTen at www.timesten.com.

Note to Editors: TimesTen and the TimesTen icon are registered trademarks, and TimesTen Front-Tier is a trademark of TimesTen Performance Software. All other trademarks and registered trademarks are the property of their respective owners.