Integral Introduces E-Commerce Suite for Capital Markets; Common Platform Powers Bank E-Commerce Portals for Foreign Exchange, Money Markets, and Derivatives.

Business and Technology Editors

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Oct. 24, 2000

Continuing its leadership in capital markets e-commerce, Integral today introduced a comprehensive set of products and services that give banks a proven, turnkey e-commerce solution. The Integral e-commerce products allow banks to build their own direct e-commerce sites, create multi-bank online marketplaces, and integrate into other marketplaces, including the Atriax portal announced today by Chase, Citibank, Deutsche Bank and Reuters.

The products introduced today are all built on the Integral E-commerce Platform for capital markets, which provides banks using the platform significant time-to-market advantages, lower risk and lower costs. Integral's e-commerce platform leverages enterprise Java, XML and web-based technologies. It is the only available platform that offers multiple trading mechanisms including a multi-bank request-for-quote engine, and integration that automates the credit approval and pricing process.

Integral introduced six product and services offerings today: Integral Bank Direct Portal for FX; Integral Bank Direct Portal for Derivatives; Integral Multi-Bank Portal for Derivatives; Integral Connect; Integral Managed Application Services; and Integral Consulting.

"Integral's products directly address the concerns that banks have regarding time-to-market and reducing costs," said William Clark, vice president, worldwide sales, marketing and business development, Integral. "By using the Integral e-commerce platform as a standard, banks can easily add functionality and additional asset classes as their own e-commerce needs expand."

Integral Bank Direct Portal for FX: The Integral Bank Direct Portal for FX provides banks with a proven turnkey e-commerce solution for foreign exchange trading. It is designed to handle high volume, real-time trading via multiple trading mechanisms and enables automated trading using criteria established by each bank including credit, limits, and pricing.

Integral Bank Direct Portal for Derivatives: The Integral Bank Direct Portal for Derivatives allows real-time on-line trading of complex and structured derivatives. The portal leverages bank in-house analytics to give traders a more detailed and immediate deal valuation and review. Banks can use the portal to deliver added value to their clients though built-in risk management functionality, which assists corporations with FAS 133 compliance and other regulatory reporting requirements.

Integral Multi-Bank Portal for Derivatives: The Integral Multi-Bank Portal for Derivatives expands the functionality of the Integral Bank Direct Portal for Derivatives to support a multi-bank environment for the creation of an e-commerce marketplace.

Integral Connect: Integral Connect provides seamless integration between the bank's automated dealing systems and both the Integral Bank Direct and Multi-Bank Portal. It supports Foreign exchange, money markets, and derivatives and provides banks with an automated mechanism to push prices, and to check limits and credit lines.

Integral Managed Application Services: Integral Managed Application Services provide hosting, operations, and administration services for running mission critical websites. Customers benefit from time-to-market advantages, lower cost of operations, a dedicated team of deployment and service professionals, backup and recovery, and guaranteed 24x7 service levels.

Integral Consulting: Integral's team of consultants has unsurpassed expertise in handling mission critical issues and capital markets e-commerce implementations. Consulting Services has operations in New York, London, Tokyo, and Silicon Valley and works directly with each institution to insure successful implementations of the Integral products.

Integral's team of experts is also supported through a number of partnerships with industry leading technical and consulting firms.

About Integral

Integral Development Corp. develops the software and services that power capital markets e-commerce. Founded in 1993, Integral pioneered capital markets e-commerce with the development of advanced trading & risk management systems, FinXML, the Integral Internet Financial Server, and CFOWeb.com. Integral e-commerce software is also powering Atriax, the FX portal founded jointly by Citibank (NYSE: C), Chase (NYSE: CMB), Deutsche Bank (Nasdaq: DTBKY) and Reuters (Nasdaq: RTRSY). Integral has raised more than $57 million from strategic and financial investors including Accel Partners, AIG (NYSE: AIG), ABN Amro (NYSE: ABN), Bain Capital, Bank of America (NYSE: BAC), Nassau Capital and Pivotal Asset Management. Headquarters are in Mountain View, California, with additional offices in New York and London. For more information, visit the Integral web site at: www.integral.com.

EDITORS' NOTE: 1 OF 2 Integral Announcements Today.

See Also, "Integral Platform Selected By Atriax"