Merrill Lynch and Wombat Financial Software Announce Strategic Relationship to Develop Electronic Trading Data Infrastructure

Low-Latency Market Data Software Selected for New Electronic Trading Infrastructure

NEW YORK, November 21, 2005 – Merrill Lynch and Wombat Financial Software Inc., experts in low-latency trading technology, today announced a strategic relationship where Wombat will provide the market data infrastructure for Merrill Lynch's electronic trading platform.

"As Merrill Lynch builds the next generation of its electronic trading capabilities, we have fostered strong relationships with nascent market leaders, like Wombat," said Rohit D'Souza, head of Global Equity Trading for Merrill Lynch's Global Markets & Investment Banking Group.

"In choosing Wombat as a strategic partner, we benefit from working with an agile market-leading technology provider in a business undergoing rapid change," added Andy Brown, managing director and Chief Technology Architect, Merrill Lynch.

"To be chosen by Merrill Lynch for an initiative with such global scope and strategic impact is an important milestone for Wombat," said Ron Verstappen, Wombat CEO. "It's a validation of both our vision and our ability to execute, and will allow us to accelerate the development of our product line and the global expansion of support over the coming year."

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