Integral AutoDealer Lets Banks Respond Immediately to Quote Requests in Online Capital Markets Dealing.

Business Editors

MOUNTAIN VIEW, CA--(BUSINESS WIRE)--April 10, 2001

Adapts To Fluctuations In Emerging E-Business Marketplaces

Integral, a leading provider of e-business software for capital markets, today announced Integral AutoDealer(TM) 1.0, a new processing engine that enables banks to provide customers with instantaneous responses to quote requests in online capital markets dealing. Integral AutoDealer 1.0 automates critical aspects of a bank's electronic dealing process for rapid, cost-effective, simultaneous dealing across the bank's full range of e-business marketing channels.

Integral AutoDealer adapts to the frequency and volume fluctuations of emerging e-business marketplaces. It supports the full range of electronic dealing activity, from infrequent initial trading at a single e-marketplace, to high volumes, multiple products and ultimately to dealing across multiple e-markets simultaneously.

"Banks need a solution that does more than facilitate a price response on a single product to a single exchange," said Harpal Sandhu, CEO, Integral. "Integral AutoDealer makes it practical for banks to participate in multiple e-marketplaces within reasonable time-frames and cost. Its flexibility and adaptability helps navigate the constantly changing conditions of capital markets e-commerce."

Integral AutoDealer 1.0 integrates a financial institution's internal systems and automates one- and two-way pricing, margining and credit checking mechanisms. Banks are given greater flexibility with the ability to establish specific parameters for automating quotes based on customer credit limits, deal size, deal type, current market conditions and other customizable factors.

Integral AutoDealer 1.0 is unique in that its single, browser-based view enables a trader or salesperson to monitor trades and handle exceptions in real-time across multiple e-business channels. The product's centralized auditing, control and security mechanisms for all electronic transaction flows permit in-depth, customizable audit and MIS reporting

Automating both one- and two-way pricing to e-marketplaces enables bank salespeople and traders to focus more time and attention on value-added services that increase customer satisfaction, as opposed to routine trade processing.

In addition to its business benefits, Integral AutoDealer 1.0 is an industrial strength solution for bank IT departments. Integral AutoDealer provides a single point of integration with internal systems. Integral's credit, pricing, margining and straight through processing APIs allow the rapid integration of proprietary and third-party internal systems, regardless of vendor. The product's built-in support for multiple e-business channels dramatically reduces future work needed in connecting to new e-marketplaces. The system's scalability also enables banks to expand product offerings through as many e-business channels as it wishes by making any and all electronic dealing transparent to internal systems.

"Today's introduction of Integral AutoDealer answers the urgent need banks have for a robust, scalable autodealing solution that supports not one, but all of its e-business channels," said Sandhu. "Integral AutoDealer is the only product available that gives banks the technology they need to immediately participate in current e-marketplaces while giving them the flexibility to expand their offerings on their own direct sites or to other portals."

Integral AutoDealer 1.0 uses industry-standard technology to harness the power of existing front-, middle- and back-office systems. Existing IT staff, already skilled in the use of Enterprise JavaBeans, can rapidly deploy the product. Integral's e-business platform leverages enterprise Java, XML and other web-based technologies, providing banks with time-to-market advantages, lower risk and lower costs. Its open architecture offers great scalability and permits continuous interface with other standard or proprietary systems, the Internet and proprietary intranets used by the international trading community and investment managers.

Product Specifications & Availability

Integral AutoDealer 1.0 is available immediately. Integral AutoDealer is supported on Sun Solaris and Windows NT.

About Integral

Integral Development Corp. delivers e-business software and infrastructure for e-marketplaces and the banks that participate in them. Integral's e-business platform leverages enterprise Java, XML and other web-based technologies, providing banks with time-to-market advantages, lower risk, lower costs and greater scalability. Financial investors include Accel Partners, Bain Capital, Nassau Capital and Pivotal Asset Management. Headquartered in Mountain View, California, Integral maintains sales, and services offices in New York, London, Tokyo, Melbourne, and Toronto. For more information, visit the Integral web site at www.integral.com.