Contact:          Brian Ruby, Creative Partners, 203-705-9218,



Integral Sells MarginMan™ to SS&C to Focus on

FX Inside™ and Direct Market Access in Foreign Exchange


MOUNTAIN VIEW, Calif., August 24, 2005 - Integral Development Corp. confirmed the sale of its MarginMan collateralized trading solution to SS&C Technologies (NASDAQ: SSNC) of Windsor, Conn.  Integral acquired MarginMan as a part of its acquisition, in February 2002, of Dublin, Ireland-based International Financial Systems.


“The sale of MarginMan reflects the growing success of our strategy to provide direct market access in foreign exchange via FX Inside and the Integral Integration Network,” said Harpal Sandhu, CEO, Integral. “MarginMan had simply fallen outside of our core business focus, but will serve SS&C well in the collateralized trading market.”


Integral has nearly completed the major roll-out of FX Inside announced at the ACI World Congress in Stockholm earlier this year.  It is the world’s first direct market access system for foreign exchange and is now being deployed to more than 55 bank and fund management customers.


FX Inside aggregates spot prices from market making banks and ECNs, giving dealers a single, executable view of all available eFX liquidity sources.  It began live North American trading in late 2004 and launched its European trading operations in early 2005, delivering streaming executable prices from Monday open in Sydney to Friday close in New York for 37 currency pairs.


The Integral Integration Network is a real-time system of liquidity providers and liquidity takers for OTC financial products. Market participants connect to the each other through a single Integral API™ interface from which they can negotiate, execute and settle trades.


Linden Advisors acted as financial advisor to Integral in this transaction.


About Integral

Integral Development Corp is a world leading provider of capital markets products and services. Partnering with leading banks, Integral has delivered a number of leading financial services to the investment community including FX Inside, the worlds first direct market access system for foreign exchange. The Integral Integration Network is a global inter-institutional communication network linking more than 100 bank and institutional fund customers to each other’s processing systems using a common protocol and messaging standard. Founded in 1993, Integral employs more than 150 professionals and maintains development, support and sales offices in Silicon Valley, New York, London, Tokyo, Bangalore, Dublin and Singapore. Investors include Accel Partners, Ignite Group, ABN Amro, Hudson Ventures, Bain Capital and AIG.


About FX Inside

FX Inside is the worlds first direct market access and algorithmic trading platform for foreign exchange. Developed in 2004 by Integral Development Corp. in conjunction with leading market making banks, FX Inside provides the highest quality liquidity available today through aggregation of FX spot prices from these banks; enabling a dealer to have a single, executable application for all available electronic FX sources.


By reducing the number of screens to monitor multiple price sources, FX Inside empowers the dealer with greater market visibility and execution capability. The dealer's trading experience is greatly simplified with the convenience of a single screen and one set of dealing keystrokes.


# # #