[This message was posted by Robert Stowsky of Progress Software
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<h2>Progress Software Announces Availability of Free Download of New DataXtend
Browser for FpML</h2>
<p><b>DataXtend product offering enables developers and business
analysts to more easily navigate FpML syntax to improve regulatory compliance,
increase efficiencies and reduce costs</b></p>
<p>
Bedford, Mass
<br/>
<span class="date">28-Sep-2009</span>
</p>
<p>(BUSINESS WIRE)--Progress Software Corporation (NASDAQ: PRGS), a
leading software provider that enables enterprises to be operationally
responsive, today announced the availability of the <a
href="/dataxtend/dataxtend-fpml-browser.html"><strong>Progress®
DataXtend® Browser for Financial products Markup Language
(FpML®)</strong></a>, a free offering that will enable users to more
easily navigate and understand complex FpML data models. The product is
available for download at: http://bit.ly/pGHMe.</p>
<p>FpML is an XML-based message standard used widely in the OTC (over the
counter) derivatives industry and licensed by the International Swaps and
Derivatives Association (ISDA). FpML is used as the standard language for OTC
derivatives transactions to facilitate communication between systems and
counterparties. The problem is that financial institutions often struggle to
navigate and adapt the complex data models associated with FpML, which is
updated multiple times per year.</p>
<p>As a result, organizations will be able to improve compliance with the FpML
standard used throughout the OTC derivatives industry; additionally, they can
improve organizational efficiencies and FpML adoption through a better
understanding of FpML relationships.</p>
<p>Based on the award-winning <a href="/dataxtend/dataxtend-si.html">Progress
DataXtend Semantic Integrator</a>, the DataXtend Browser for FpML will make it
easier for organizations to search and understand complex FpML syntax and
validation rules, compare disparate FpML data models, and better understand the
FpML hierarchy and relationships. The new color-coded model, which the browser
enables, offers developers and architects a more natural and intuitive way to
view FpML syntax than the manual alternative of searching through vast sets of
files.</p>
<p>"The development and communication of FpML messages plays an important role
in enabling OTC derivative related transactions," said Robert Stowsky financial
services director at Progress Software. "With the market coming under
increasing scrutiny from regulators, it is critical for organizations to
quickly and efficiently integrate emerging standards such as FpML. Progress
Software provides the tools necessary for financial organizations to manage the
diverse and constantly changing data models and standards at the core of their
business."</p>
<p>In addition to the new browser, Progress Software offers the Progress OTC
Derivatives STP data interoperability solution enabling organizations to
improve straight-through processing rates and reduce the risks and costs
associated with failed transactions. Progress will be exhibiting the DataXtend
Browser for FpML at the 2009 ISDA Regional Conference in New York (September
15). The product is available for download at:
http://web.progress.com/dataxtend-landing/downloads/download-fpml-browser.html.</p>
<p><strong>About Progress Software Corporation</strong></p>
<p>Progress Software Corporation (NASDAQ: PRGS) is a global software company
that enables enterprises to be operationally responsive to changing conditions
and customer interactions as they occur – to capitalize on new
opportunities, drive greater efficiencies and reduce risk. The company offers a
comprehensive portfolio of best-in-class infrastructure software spanning
event-driven visibility and real-time response, open integration, data access
and integration, and application development and deployment – all
supporting on-premises and SaaS/Cloud deployments. Progress maximizes the
benefits of operational responsiveness while minimizing IT complexity and total
cost of ownership. Progress can be reached at www.progress.com or
+1-781-280-4000.</p>
<p><strong>Contacts</strong><br/>
Progress Software<br/>
Ray Christopher, +1 781-280-4354<br/>
[email protected]<br/>
or<br/>
LEWIS PR<br/>
Dan Gaffney, +1 617-226-8840<br/>
[email protected]</p>
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