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…High-Resolution Monitor Designed for Market's Switch to Decimalised Stock
Prices; Centralised Workstations Pull Computers Off Crowded Trading
Floors…


IBM today announced a new rack-mounted computer workstation and flat-panel
monitor that help free up space and reduce energy and maintenance costs in
the hectic, cramped working environment of financial trading floors.
IBM's new solution, which builds on the company's significant trading
floor business, moves workstations from traders' desks to a back room
where up to 42 pizza-box-shaped systems can be stacked in an
industry-standard six foot (42U) rack.

IBM will also introduce a next-generation, space-saving 20.8-inch flat
panel monitor that offers two-and-a-half times the resolution of typical
large-screen monitors available today. The monitor was designed with the
clarity and definition required to display stocks and options expressed as
decimals, which has been adopted by the major U.S. stock exchanges to
replace the fraction system.

"In order to cut costs and improve efficiency, IT managers in all segments
of the workstation market are demanding centralised, easy to manage
systems. IBM's new rack-mounted solution provides such a solution for the
economic and financial application segments: computation power in the back
room, with flat panel displays on the trading floors at financial
institutions", says Naja Burkal, Program Manager, IDC. "IBM's new
workstation solution could ease the problems, financial institutions
across Western Europe experience, with limited space and overcrowded
trading floors".

IBM's solution includes the new IntelliStation R Pro remote trader
workstation, the industry's first 1U rack-mounted computer targeted at
financial institutions. The 1.75-inch high workstations are stacked
vertically on racks in a separate computer room, eliminating the tangle of
computers, cables and plugs under traders' desks, helping to make
maintenance easier and reduce heat on the trading floor. The Intel
processor-based workstations, with their single- or dual Pentium III
processors and up to 4 GB (1) of SDRAM memory, can easily handle traders'
data-intensive workload while taking up one-tenth the space of typical
workstation towers. The IBM IntelliStation R Pro can run
industry-standard financial trading room applications such as Reuters
3000Xtra (2), the new flagship product from Reuters that provides equity,
fixed income, money market, commodities and energy traders with real-time
financial information and web-based research services (2).

Remote workstations are easier to deploy, support and manage, so they help
reduce downtime for busy traders. New software applications can be
installed quickly, and computers can be switched easily as teams of
brokers rearrange their location when securities or clients change.
Remote management also improves security since workstations are locked in
a central room and viruses cannot be introduced by diskettes or CD-ROMs on
the trading floor.

The IBM solution offers customers further benefits with the new IBM T210
flat panel monitor, which delivers a 20.8-inch viewable image and an
industry-leading resolution of 2048x1536 pels. Despite the monitor's
compact footprint, its oversized screen enables traders to read two
full-sized 8 1/2X11-inch pages side-by-side. Small-footprint,
large-screened monitors are ideal for a trading desk, which often holds up
to six monitors displaying an array of data, from financial indicators and
trading volume to cable news networks and e-mail with customers and other
traders.

"IBM's new remote workstation concept will change the design of trading
rooms for the foreseeable future", says Mr Torbjorn Ericsson is the CIO of
Enskilda Securities. Customers can realise significant savings with IBM's
"back-racked" workstation and flat panel monitors solution. For example,
Millennium Partners LP, a New York-based securities firm, recently adopted
the solution and was able to expand trading personnel and overall
productivity, without increasing real estate or operating costs. The firm
moved to new office space in midtown Manhattan that was similar in square
footage to its prior facility in the Wall Street area, while it increased
the number of trading positions on its floor by 34%. According to
Millennium Partners' CIO John Vincenzo, "We needed a modern trading floor
designed for ease-of-use and flexibility for the traders, and we also
wanted to reduce overall space requirements. By freeing up the extra
office space, IBM's advanced technology will have paid for itself within a
year."

TV-Quality Video, Cost Savings are Key Features
Video is a key requirement of traders, who simultaneously view streaming
video ranging from proprietary information sources to stock tickers and
breaking news. The IntelliStation R Pro's Matrox video card delivers
television-quality streaming video that can easily be connected to
monitors, video conferencing systems and TV feeds on the trading floor via
standard cables.

With IBM's new solution, companies can enable significant savings in the
form of lower energy costs, better use of space, and reduced furniture
expense. IBM's flat panel monitors generate about 30% less heat than
cathode ray tube (CRT) monitors. By using flat panel monitors and
switching to centrally located workstations, companies can save as much as
45% in air conditioning costs because of lower heat on the trading floor.
Also, IBM's flat panel monitors, which take up one-third the space of CRT
monitors, can be mounted off the desk on special brackets so they take up
no desk space. This reduces the weight load on traders' desks, allowing
firms to purchase regular office furniture as opposed to more expensive
trading desks.

"Financial institutions are looking for trading floors that maximise
productivity for their traders in a flexible, easy-to-manage environment,"
said Elaine Sullivan, general manager, IBM Global Financial Markets. "As
companies continue their e-business transformation to retain a competitive
edge, IBM's innovative and cost-effective trading floor solutions make the
best use of space, ensure the rapid, reliable delivery of information in a
dramatically improved operational environment, and enable traders to
leverage technology to their best business advantage."

The IBM IntelliStation R Pro remote workstation, which will be available
in March, comes equipped with built-in Ethernet connection, dual USB
ports, two PCI slots, and Ultra 160 SCSI or EIDE hard drive. IBM's T210
monitor will be available in April. Prices range between 1,927.00 -
2,376.00 UK Pounds.

Ref No: 01/066

Editors Notes:

About IBM Financial Services

IBM is a leading technology partner to the world's financial services
industry. Working directly with its financial services customers, IBM
develops and deploys mission-critical industry-specific technology
solutions. Those solutions comprise the full range of IBM capabilities
including consulting, software, hardware, research and services. For more
information, visit; http://www.ibm.com/financialservices/solutions


About IBM PCD

A pioneer in the design and manufacture of cutting-edge personal computing
solutions since 1981, IBM's Personal Computing Division (PCD) offers a
comprehensive family of products for optimised performance in a networked
world. These range from compact Work Pads and award winning ThinkPad
mobiles to powerful IntelliStation workstations, IBM eServer xSeries and
the sleek NetVista line of next generation desktops and thin clients. All
incorporate innovative IBM design features and is backed by the company's
unsurpassed worldwide customer support and service networks.

About IBM IntelliStation Workstations and Monitors

The IBM IntelliStation workstation delivers application-focused
performance for customers running Linux(R), Windows NT(R) and Windows(R)
2000 operating systems, powered by advanced processors by Intel. The
IntelliStation family, which includes the E Pro, M Pro, Z Pro and R Pro,
supports a wide range of applications from finance and digital content
creation to software engineering, web-development and engineering
applications. IBM IntelliStation workstations and options are available
through www.ibm.com and through IBM authorised resellers. For more
information on IBM IntelliStation, visit
http://www.pc.ibm.com/europe/intellistation


IBM Visual Products can be purchased directly from IBM at
http://www.ibm.com/shop


For more information about IBM Visual
Productions, visit: http/www.ibm.com/options


Editor's Note - Print and Web-quality photos of these new products are
available at http://www.ibm.com/press


IBM and IntelliStation are registered trademarks of International Business
Machines Corporation in the United States and other countries. Microsoft,
Windows and Windows NT are trademarks of Microsoft Corporation. Intel and
Pentium are registered trademarks of Intel Corporation. Linux is a
registered trademark of Linus Torvalds. Other company, product and
service names may be trademarks or service marks of others.

1. GB equals 1 billion bytes and MB equals 1 million bytes when referring
to storage capacity; accessible capacity may be less.

2. Some software may differ from its retail version (if available), and
may not include user manuals or all program functionality. For non-IBM
software, applicable third party software licenses may apply. Warranty,
service and support for non-IBM product, if any, are provided by third
parties, not IBM. IBM makes no representations or warrantees regarding
non-IBM products.

Media Contacts:

Clare Behling

PR Manager, IBM PSG UK and Ireland

Tel: 0207 202 3259

clare_behling@uk.ibm.com


Louisa Judge/Joanna Lane

Brodeur Worldwide

(On behalf of IBM)

Tel: 01753 790700

Ljudge/jlane@uk.brodeur.com

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