Intelligent Markets’ ALTA® Order Management System Goes Live at Piper Jaffray Convertible Bond Desk

New York, May 9, 2011

Intelligent Markets, Inc., a specialist in convertible bond order management systems, announced today it has completed deployment of its unique ALTA® software platform at Piper Jaffray & Co.

Commented Michael Fairweather, chief executive officer of Intelligent Markets: “Piper becoming an ALTA system user reflects the growing awareness in the trading community that adopting our advanced technology provides the best, easiest-to-deploy convertible bond platform. More and more trading operations are seeing the benefits of our proven approach, rather than taking the unnecessary risk and far-more-costly approach of developing a proprietary ad hoc solution.”