These new capabilities are licensed from Actimize, a leading provider of transactional risk management software for the financial services industry and a NICE Systems (Nasdaq: NICE) company.

Actimize's AML and trade surveillance solutions will help Pershing's customers monitor and mitigate their AML risks and address a broad spectrum of compliance challenges. These solutions provide Pershing's customers with a wide array of customizable AML and trade surveillance models and innovative alert functionality. They are also equipped with a case manager dashboard that is designed to help customers better manage their risk and fulfill their management and supervisory responsibilities. The case manager allows for robust workflow and combines exception and escalation tracking with a detailed audit trail. Introducing broker-dealer firms will be able to access these new capabilities as a fully integrated solution through Pershing's NetExchange Pro online brokerage platform beginning in the fourth quarter of 2008.

Introducing broker-dealer firms can also benefit from Actimize's sales practices solution offered through iNautix (USA) LLC. This solution addresses a vast range of compliance issues, including suitability, registration and sales supervision of various products such as equities, mutual funds and annuities. It also includes an interactive electronic trade blotter and an integrated case manager dashboard designed to help customers proactively review their clients' transactions and accounts, identify and resolve potential high-risk issues and ensure proper surveillance across their organizations.

Claire Santaniello, chief compliance officer at Pershing, said, "As the regulatory environment continues to evolve and become more complex, introducing broker-dealer firms of all sizes need reliable, high-quality solutions that will help them comply with current requirements and new mandates. The addition of these AML, trade surveillance and sales practices compliance solutions will provide our customers with the suite of tools they need to meet these challenges and help them to continue growing their businesses with state-of-the-art risk monitoring capabilities."

Amir Orad, chief marketing officer at Actimize, said, "We are very excited to work closely with Pershing and iNautix USA to provide their customers with leading anti-money laundering, trade surveillance and sales practices compliance solutions. Many of the top brokerage firms in the United States already leverage Actimize for compliance, AML and/or fraud detection. Now, through our business relationship with Pershing and iNautix USA, an even greater number of broker-dealer firms have an opportunity to access our leading field-proven solutions."