CMS Announces General Release of BondEdge Version 4.3; Global Analytics Demo Featured on www.bondedge.com.

Business Editors

LOS ANGELES--(BUSINESS WIRE)--Jan. 30, 2001

Capital Management Sciences (CMS), a division of Data Broadcasting Corporation (Nasdaq:DBCC), today announced the general release of version 4.3 of its BondEdge fixed income portfolio analytics system.

Version 4.3 features a variety of new Global Analytics in response to demand from portfolio managers seeking to enhance returns with non-US$ investments or to meet global mandates. LIBOR-based analytics have also been added to the latest version, as well as the 2001 A.M. Best report to aid insurance companies in satisfying this annual rating agency reporting requirement.

Global Analytics - Major additions to the existing Global Analytics in BondEdge include several new Global Portfolio vs. Benchmark comparison reports, and Performance Attribution analysis that now factors in the effects of non-US$ holdings on portfolio returns.

Laurie Adami, president of CMS commented, "Between this most recent series of global analytical enhancements to BondEdge, and our excellent working relationship with our London-based sister company, Financial Times Information, we're looking forward to a successful launch of BondEdge overseas later this year."

Global Portfolio vs. Benchmark Reports - Several new reports address the needs of both a "core-plus" portfolio manager (managing a portfolio with some non-US$ holdings, against a U.S. benchmark), as well as a primarily global fixed income portfolio manager, managing against a global benchmark. The reports allow portfolio managers to compare exposures to key risk characteristics across countries, currencies and sectors, and to drill down to more detailed information within a particular country. Clients can customize "Blocs" that group exposures by geographic regions, or by currencies that tend to move together.

Performance Attribution - This analysis in BondEdge has been expanded in version 4.3 to capture and explain the sources of return for the non-US$ holdings in a portfolio. In addition to interest rate shifts, income, sector allocation decisions and issue-specific price movement, version 4.3 now factors in both currency effects and shifts in interest rates outside of the U.S. The analysis relies on spot and forward exchange rates for more than 40 currencies provided by Data Broadcasting Corporation, and 20+ government yield curves updated daily by Financial Times Information.

Teri Geske, senior vice president of product development, noted, "Performance Attribution is one of the most difficult aspects of fixed income portfolio analysis, as several different factors can affect the price of a bond. To go beyond simply measuring a portfolio's return and actually attribute it to specific market factors is challenging enough, but adding the effects of multiple currencies and potentially several interest rate movements in varying directions takes that challenge to another level altogether."

LIBOR Curve Analytics - BondEdge version 4.3 includes new security analytics based on the LIBOR curve. Provided as an alternative to a Treasury curve-based analysis, for relative value, or as an additional measure, LIBOR-based analytics reflect changes in the fixed income. "As technical and market forces continue to affect the Treasury market in ways not mirrored in other areas of the fixed income world, our clients are relying more and more on LIBOR-based analytics," explained Ms. Geske.

A.M. Best Year-End Reporting - BondEdge 4.3 features the complete 2001 A.M. Best annual rating agency test required of all insurance companies. Ms. Geske noted, "Insurance companies typically have very specific reporting needs, so it's important that BondEdge simplify their investment process as much as possible. We work directly with A.M. Best each year to ensure clients have access through BondEdge to the most recent version of the A.M. Best report. It's a complicated process and can be extremely time-consuming; BondEdge allows clients to quickly assemble the information needed for the report in literally the click of a button."

About CMS

For over 20 years, CMS has been recognized as a leader in fixed income analytical software. Long known for the BondEdge system, CMS is trusted as an independent source of research, analytics and valuation tools by over 500 institutions in the U.S. and Canada. CMS is a division of Data Broadcasting Corporation (Nasdaq:DBCC), a leading global provider of financial and business information to institutional and individual investors. More information on CMS is available at www.cms-info.com. Corporate information on DBC is available at www.dbc.com.

About Financial Times Information

Financial Times Information - together with US-based sister company, Interactive Data - are leading providers of financial information to global markets. A major operating division of Data Broadcasting Corporation, (Nasdaq:DBCC), Financial Times Information/Interactive Data supply global securities pricing, dividend, corporate action and descriptive information for over 3.5 million securities, including more than 2.5 million active fixed income issues. The company also provides index and constituent data to the international investment community.