Press Release

Institutional Investor to publish Basis Point Group’s Market Operations Indexes

Industry leading Operations Performance measures to be published exclusively by Operations Management Newsletter

BOSTON, NEW YORK, and LONDON (February 2, 2009) — Basis Point Group (www.basispointgroup.com) and Institutional Investor (II) today announced an agreement to publish the OPERA^® Market Operations Performance Indexes in Operations Management Newsletter and website.

BPG creates weekly operations performance indexes for four major fixed income markets utilizing data provided by the Primary Dealers to the US Federal Reserve. The total market value of securities tracked by the indexes exceeds US $20 trillion.

The Indexes measure the change in both operational stability and risk in processing for the US Government Bond (USGOP), US Government Agency (USAOP), Mortgage-back (USMBOP) and US Corporate Bond (USCOP) markets respectively. Processing stability of these markets affects the operational effectiveness of every firm participating in that market. Changes in the index provide a measure of the increase or decrease in Unrealized Risk^®, a critical measure of operational stability.

BPG has applied its proprietary, patent-pending, transaction and event based performance and risk assessment methodology (OPERA^®) to calculate these comprehensive market measures. They are designed to serve as benchmarks to determine the effect of market operations performance on the internal operations.

"Operational volatility is most visible in the U.S. Government securities market. This nearly $6 trillion market, with the highest credit quality and broadest liquidity has shown extended periods of calm, stable operations followed by major, measurable disruptions." said Bob Fawls, a Basis Point Group Partner. "This market is in a period of significant disruption highlighted by the major wave of fails hitting this market for the past three months."

"Performance of individual firm operations is affected by the design of the organization, its system infrastructure and processes; by interaction with external parties; and by the overall operational stability of the markets in which each firm participate." said Fred Sommers, another Basis Point Group Partner. "OPERA^® Attribution utilizes these market indexes to separately isolate the impact that market and external firm operations have on internal performance."

"The publication of the Basis Point Group's Market Operations Indexes further strengthens the excellent editorial coverage of Operations Management. Delivering operations performance indexes to our readers and enabling them to measure the effect of market performance on the internal operations of firms provides a truly unique and valuable resource." – Nick Ferris, Publisher, Operations Management.

Basis Point Group is a management consulting firm specializing in measurable operations and technology performance improvement. The firm developed OPERA^®, the only client-centric financial operations performance measurement and attribution method available in the market. The OPERA^® database contains over thirteen years and more than six million financial operational events from fifty different operational entities. In addition to the Market Indexes, BPG derives an Operations Benchmark Performance Scale against which firms can compare the performance of their processes. These market indexes, used with the Benchmark Operations Performance Scale provide a comprehensive measurement approach allowing comparison with other parties, service providers and fiduciaries.

Operations Management Newsletter is the only news-breaking source that exclusively covers back-office issues of broker/dealers, investment adviser firms and custodian banks. The publication covers U.S. and international firms providing insights into securities operations around the globe. Written for operations professionals, the newsletter will keep senior executives abreast of the latest operations news, such as development in straight through processing, the latest technology the competition is implementing and the new custodial relationships.

Operations Management is published by Institutional Investor. Institutional Investor is a leading international business to business publisher, focused primarily on international finance. It publishes magazines, newsletters and journals as well as research, directories, books and maps. It also runs conferences, seminars and training courses and is a provider of electronic business information through its capital market databases and emerging markets information service.

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Contact: Robert Fawls, Basis Point Group
Phone: 617-737-1500
Email: bob.fawls@basispointgroup.com

Contact: Nick Ferris, Publisher, Operations Management
Phone: 212-224-3507
Email: nferris@iinews.com