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National Securities Clearing and Depository Trust & Clearing Corporations Select NeoVision Heatmaps.

Business & High Tech Editors

NEW YORK--(BUSINESS WIRE)--Aug. 14, 2002

NeoVision Hypersystems, Inc. (www.neovision.com), the leading provider of visual intelligence software for the financial services industry, today announced a licensing agreement with National Securities Clearing Corporation (NSCC) and Depository Trust & Clearing Corporation (DTCC) for technology to monitor and analyze market risk.

Through a global license, NSCC and other DTCC subsidiaries will utilize NeoVision WebHeatmaps(TM) for dynamic monitoring of risk and transactions. WebHeatmaps are colorful, dynamic pictures of financial data and calculations, which shift as information changes in real-time. Using WebHeatmaps, The NSCC will quickly become aware of current risk exposure issues.

"We are delighted to add NSCC to our growing list of institutional clients," said Cormac Kinney, founder, NeoVision. "WebHeatmaps will facilitate their important job of oversight."

About NeoVision:

NeoVision (www.neovision.com) is the pioneer of visual intelligence software solutions for the financial industry. NeoVision's products include Heatmaps(R), Riskmaps(TM), Tradermaps(TM), Brokermaps(TM) and WebHeatmaps(TM). Heatmaps, pioneered by NeoVision, consolidate and analyze vast amounts of real time financial data, and visually present the results to users through innovative graphical displays. Using Heatmaps, traders are able to spot opportunities quickly, analysts detect trends early, and managers can effortlessly supervise hundreds of positions - all at a glance. The Heatmaps Platform allows clients to quickly adapt the technology to their specific requirements.

NeoVision's major clients include Merrill Lynch, Bank of America, Bloomberg, Thomson Financial, NASDAQ, and Bridge, a Reuters Company. NeoVision's investors include Deutsche Bank, Intel Corporation and Gateway Ventures.

Additional information on NeoVision is available at www.neovision.com.

About the DTCC and the NSCC:

The Depository Trust & Clearing Corporation is the largest financial services post-trade infrastructure in the world, with operating facilities in multiple locations in the U.S. and overseas. DTCC is the holding company for six subsidiary businesses - a depository and five clearing corporations.

Through its subsidiaries, DTCC provides clearance, settlement and information services for virtually all equity, corporate debt, municipal debt, government securities, mortgage-backed securities, and emerging market sovereign debt trades in the U.S., totaling more than $1.7 trillion daily. It is also a leading clearinghouse for mutual funds and insurance products, linking funds and carriers with distribution networks. In addition, DTCC provides custody and asset servicing for more than two million securities issues from the U.S. and 84 other countries, worth about $23 trillion. The NSCC subsidiary is the world's leading provider of centralized clearance, settlement and information services to the financial services industry. In 2001, it processed an average of nearly 14 million transactions each day.

Additional information on DTCC is available at www.dtcc.com.
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Comment:National Securities Clearing and Depository Trust & Clearing Corporations Select NeoVision Heatmaps.
Publication:Business Wire
Geographic Code:1USA
Date:Aug 14, 2002
Words:441
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