- DMA LIVE! Together With FTNet Will Provide International Market
      Connectivity and Access to Over 80% of Indian Brokerage and
      Institutional Market.

    - ANMI (Association of National Exchanges Members of India), Mr.
      G.N.Bajpai (former SEBI Chairman), Mr. Kiran Karnik (Former Chairman of
      NASSCOM) Together With Other Leading Industry Leaders Welcome the
      Announcement

    - Next-Generation Technology Innovation to Provide Unmatched Price /
      Value Competitive Advantage to India's Institutional Brokerage and buy
      Side Firms.
    The financial market industry and community has welcomed the launch of
DMA LIVE! (direct market access) solution by Financial Technologies (India)
Limited, the US$1.84 billion (market capitalization as on 31st March 08)
global leader in creating and operating technology-centric, next-generation
financial and commodity markets.

    DMA LIVE! from Financial Technologies is built on ODIN suite of
products and will allow clients direct control of their trades without
depending on the broker for trade execution. DMA LIVE! will leverage the
integration with ODIN solution platform, the market leading OMS (Order
Management Solution) that Financial Technologies provides to over 80% of
the large institutional and brokerage clients. The number of trading
licenses of the ODIN platform has seen a 95% growth from 164,000 in March
07 to over 320,000 in March 08.

    Mr. G. N. Bajpai, former SEBI Chairman and Advisory Board member,
Financial Technologies, said: "The implementation of the DMA LIVE! solution
will enable institutional clients to have direct control over orders given
and would result in faster execution, besides reducing risk of errors
associated with manual entry. DMA LIVE! trading has been enabled for both
the segments - equity, and equity derivatives. Our DMA LIVE!-compliant
release provides advanced quantitative modules and algorithmic trading
capabilities."

    DMA LIVE! offers direct control over orders, faster execution, reduced
errors, greater transparency, increased liquidity, lower impact costs for
large orders, and better audit trails. Financial Technologies has
implemented DMA LIVE! solutions for large brokerage and financial
institutional clients that are potential users of DMA, and has also
provided them with a complete solution connecting domestic buy side with
sell side through an Execution Management System (EMS) that gives them an
edge over other providers. Domestic and foreign brokers can provide this
facility to their high volume Institutional clients.

    Mr. Janak Mehta, President, LKP Securities Ltd., commenting on the DMA
LIVE! implementation, said: "We are associated with Financial Technologies
for deploying DMA LIVE! solutions to our numerous clients, which will help
combat the high volume and high-risk demands of our clients, including
banks, domestic and foreign institutional investors."

    LKP Shares, a Financial Technologies client, has received approval from
Bombay Stock Exchange and National Stock Exchange to provide DMA LIVE! to
their domestic and international institutional clients while others like
Dolat Capital, Inventure Growth, KR Choksi, Networth Stock Broking,
Prabhudas Liladhar, Senator Securities, Wallfort Finance and a number of
other leading foreign broking houses and Indian institutional broking
houses have subscribed and are waiting for approvals.

    Mr. Manjay Shah, Director Marketing, Financial Technologies group,
said: "The introduction of DMA LIVE! trading for institutional investors in
India reflects the nation's move towards the technologically advanced and
efficient electronic trading infrastructure. Financial Technologies will
continue to innovate and offer solutions that transform the traditional
functioning of the capital markets."

    DMA LIVE! will provide the following benefits to the fund houses
including mutual funds, insurance companies, banks or international
clients, international hedge funds and others in following ways:



    - Low latency solution offering trade by supporting client's
      connectivity to and from the OMS to different exchanges.

    - Monitoring, analysis and resolution of FIX connectivity
      issues to and from the OMS that handles very large volumes of equity
      transactions daily.

    - Usage of third-party testing tools to ensure high service
      levels on speed of trade execution.

    - Limited chances of execution irregularities.
    Mr. Bijay Murmuria, President, Association of National Exchanges
Members Of India (ANMI), said: "DMA LIVE! fulfils a long-term need of
institutional investors for direct access to order execution and swift
trades. It also addresses issues and concerns relating to transparency,
front running and insider trading adequately and shall open up the
environment to algorithmic trading. This FT product should be immensely
useful to our member-brokers to satisfy client needs."

    DMA flows account for 15-18% of the US markets and 8% of the European
markets of the respective totals, and are growing fast. The overall market
for DMA providers and users is large - consisting of over 1,000 brokerage
firms and around 1,350 domestic and foreign financial institutions. About
40-50 brokerage firms and 80 domestic and foreign buy side firms are
estimated to use DMA contributing estimated 11% of the total market volume
by 2010.The top 15 brokerage houses account for around 85% of the total
institutional trades (est.154 billion shares for 2007) in India.*

    Mr. Kiran Karnik, former President of NASSCOM, and Advisory Board
member, Financial Technologies, said: "We believe that DMA LIVE! provides
an excellent market opportunity for brokers to expand and deepen their
offering to their customers in the current soft economic environment. DMA
LIVE! once again has been a distinct factor in driving disruptive
innovation that provides huge strategic value to its customers. DMA LIVE!
will not just allow increased hedging and arbitrage activity from
institutions but also allow institutions to use decision-support tools or
algorithms for trading - program trading".

    About Financial Technologies (India) Ltd

    Financial Technologies (India) Limited (http://www.ftindia.com) is a
US$1.84 billion (market capitalization, NSE: FINANTECH, BSE: FlNTECH)
global leader in creating and operating technology-centric, next-generation
financial markets that are transparent, efficient, and liquid, across
multi-asset-class including equities, commodities, currency and bond among
others.

    Our highly robust and scalable exchange and trading technology platform
(Intellectual Property), coupled with deep domain expertise, gives us a
decisive edge in driving mass disruptive innovation at a speed and cost of
execution that are unmatched in the financial markets. This expertise
uniquely positions Financial Technologies and helps create electronic,
organized, and regulated financial markets for 'new asset classes' and 'new
investor classes' that are either underserved or economically unviable to
serve by traditional companies.

    Our markets transform lives of people by democratizing global trade and
economy and propagating the benefits of 'price discovery', 'trade
efficiency', 'risk hedging', and 'structured finance' to the masses. These
benefits in turn create inclusive and equitable growth by unlocking value
from the middle and bottom of the socio-economic pyramid.

    ODIN(TM), the flagship brokerage solution suite, is used by an
estimated 80% of the brokers of the Indian transaction automation market
and has over 320,000 licenses issued as on 31st March, 2008. DOME(TM) is
the leading 'Exchange Platform of Choice' to set up and operate next
generation markets.


    Exchange Ventures
    Financial Technologies has set up the following eight exchange ventures:

    - MCX (http://www.mcxindia.com): India's No. 1 multi-commodity
      futures exchange, ranked among top 10 in the world as per FIA**

    - DGCX, Dubai (http://www.dgcx.ae): First international commodity
      and currency derivatives market in the Middle East.

    - IBS Forex (http://www.ibsfx.com): India's No. 3 inter-bank
      forex exchange platform

    - NSEL (http://www.nseap.com): A pan-India electronic spot market
      for agri commodities trading

    - IEX (http://www.iexindia.com): India's first power exchange for
      trading in electricity

    - SNX (http://www.snxindia.com): India's first spot exchange for
      trading in perishable commodities

    - GBOT (http://www.gbot.mu): Multi asset-class electronic
      exchange from Mauritius to serve as a gateway to the African continent.

    - SMX (http://www.smx.com.sg): First international Pan-Asian
      derivatives exchange, that will provide a single platform for
      multi-product trade between Asia and the world
    Ecosystem Ventures

    Financial Technologies has set up the following five ecosystem ventures
to complement the business of exchange ventures:



    - NBHC (http://www.nbhcindia.com): Pan-India warehouse network
      platform to offer organized markets for rural lending

    - TickerPlant Infovending (http://www.tickerplantindia.com): a
      retail financial information distribution platform

    - atom technologies (http://www.atomtech.in): platform to enable
      any transaction on mobile'.

    - Riskraft Consulting (http://www.riskraft.com): Financial risk
      management solutions.

    - FT Knowledge Management Company Limited (http://www.ftkmc.com):
      The knowledge hub of the Financial Technologies Group.

    - FTME (http://www.ft-me.com) : Leading technology enterprise
      delivering mission critical Straight- Through-Processing (STP)
      solutions
    Safe Harbour Statement:

    Certain statements made in this release with reference to future
operations and performance of Financial Technologies, its subsidiaries, and
other group companies are forward-looking statements, involving risks and
uncertainties. Certain factors could cause actual results to differ
materially from those in such forward-looking statements. The company does
not undertake responsibility to update any forward-looking statement that
may be made from time to time by or on behalf of the company.

    *(Source: Celent, A Member of the Oliver Wyman Group)

    **MCX is India's No. 1 Commodity Exchange. Source: FMC website
(http://www.fmc.gov.in) based on turnover in terms of value for FY 07.



    For further information, contact:

    Rahul Jain
    Corporate Communications
    Financial Technologies (India) Limited
    Contact No: +91-22-67152000
    Mobile No.: +91-9867567534
    Email Id: rahul.jain@ftindia.com

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