As part of the agreement CMS will create an interface for ACTIV's ActivFeed service, a composite exchange data feed, to be compatible with its own TDI(tm) system. TDI(tm) is a suite of software which processes, analyses, redistributes and stores vast amounts of real-time financial data.

Bob Antell, CEO of CMS, commented:

"While marketing TDI(tm) to the banking sector, we've seen a need for a quality consolidated equity feed that has minimum latency yet the full complement of data. Being able to offer TDI(tm) with an interface to the ActivFeed means there is a significant increase in the service we can provide to clients. The ease with which we have integrated the ActivFeed is an endorsement of the flexibility and format of the API and is also further evidence of the adaptability of TDI(tm). We look forward to further development of our business relationship with ACTIV."

Separately, CMS will market ActivFeed in parallel with its own TDI(tm) Feed, which carries a wide range of real-time data directly from many of the world's leading futures and options exchanges including the London Metals Exchange, New York Mercantile Exchange and the International Petroleum Exchange.

The Company has recently embarked on a sales and marketing initiative aimed at selling TDI(tm) to international banks. This is in addition to its existing market of international exchanges, including current customers the Chicago Board of Trade and the Chicago Mercantile Exchange. CMS has sales operations in New York City and Chicago, as well as in the City of London.

ACTIV Financial Systems, Inc. is a vendor of low latency exchange content and real-time data management technology. Its ActivFeed provides real-time and/or delayed quote information together with integrated historical data, news and company fundamentals.

Steve McNeany, President of ACTIV, said:

"We see this relationship as endorsing our position as the provider of a world class, high quality direct feed product. The availability of an ActivFeed handler on TDI(tm) offers both CMS and ACTIV joint opportunities to provide a direct feed capability to our customers. We see the TDI(tm) platform as being uniquely capable of handling the high message rates and data volumes coming out of the US equities and options exchanges being delivered by ActivFeed."