Spot Systems - Press Release


		Fred Goldman Chief Executive Officer Spot Systems, Inc. 415.982.8150 x216 fredgoldman@spotsystems.com Spot Systems provides eFX Internet Trading System to COMMERCE BANK OF KANSAS CITY FX products to enable the bank to expand its web-based offerings December 5, 2005 San Francisco, CA Spot Systems, Inc., a leading provider of foreign exchange and international banking solutions, announced that Commerce Bank, a $14 billion financial institution founded in 1865 and headquartered in Kansas City, Missouri has licensed its eFX Internet Trading System and its SpotServer products. These systems, coupled with Spot’s Foreign Exchange Trading System already in use by the Bank, will provide a more comprehensive solution and increased straight through processing for Commerce Bank’s foreign exchange operation. The Systems will enable the Bank to allow its customers to trade spot and forward foreign exchange contracts and make payments through browser-based interactions. These features will expand the utility of its existing web-based Commerce Connections offering. The eFX Internet Trading System is a web-enabled foreign exchange product that allows banks to extend cash management and trading capabilities to their corporate clients, correspondents and even their branches. It allows them to buy and sell foreign currency spot and forward deals, initiate international wire and draft payments, or inquire about foreign exchange rates. Clients can transact business by simply using their browser. The eFX Internet Trading System communicates with SpotServer acting as a host at the Bank. SpotServer is a sophisticated middleware product which delivers customized foreign exchange rate quotations to customers based upon real time rate feeds, while allowing the Bank full control over rate quoting services, and enabling dealer quoting intervention when necessary. It also provides security, limit monitoring, customer information services for the Internet trading process, and reporting of quoted and completed FX transactions. All quotations and executed transactions are sent electronically to SpotServer which records them on a centralized data base so that the bank’s DDA, Wire, Customer Liability, and trading room FX systems have immediate access to the information in real time. “Commerce Bank recognizes that corporations are demanding ease of use, flexibility, and anytime access in their banking transactions and have been working to provide its customer base with solutions that respond to these needs.” said Fred Goldman, CEO of Spot Systems, “With our eFX Internet Trading System and SpotServer, the Bank has taken an additional step in adding FX trading and payments to its existing treasury offerings in Commerce Connections.” About Spot Systems San Francisco-based Spot Systems, Inc. is a leading provider of innovative technology designed to facilitate foreign exchange and international banking services. For more than twenty years, Spot Systems has been providing software to the international financial community--sophisticated software that addresses the complexities of foreign exchange trading and accounting for both wholesale and retail transactions. Since the advent of electronic remote issuance, Spot Systems has also been a leader in solutions allowing customers to originate FX contracts, drafts and wires from their own offices. Products include the Foreign Exchange Trading System, a real-time system for both the trading floor and the back-office; the Multi-Currency General Ledger System; the SpotServer, which operates as the real-time request interface between the Internet-based customer and the bank's back-office trading system; the International Teller System; the International Loan/Deposit System; and the eFX Internet Trading System. For more information about Spot Systems and its products, please visit www.spotsystems.com or call 415-982-8150

Press Releases

Fred Goldman
Chief Executive Officer
                                                                                                                                             Spot Systems, Inc.
                                                                                                                                           415.982.8150 x216
                                                                                                                   fredgoldman@spotsystems.com

Spot Systems provides eFX Internet Trading System to
COMMERCE BANK OF KANSAS CITY

FX products to enable the bank to expand its web-based offerings

December 5, 2005

San Francisco, CA Spot Systems, Inc., a leading provider of foreign exchange and international banking solutions, announced that Commerce Bank, a $14 billion financial institution founded in 1865 and headquartered in Kansas City, Missouri has licensed its eFX Internet Trading System and its SpotServer products. These systems, coupled with Spot’s Foreign Exchange Trading System already in use by the Bank, will provide a more comprehensive solution and increased straight through processing for Commerce Bank’s foreign exchange operation. The Systems will enable the Bank to allow its customers to trade spot and forward foreign exchange contracts and make payments through browser-based interactions. These features will expand the utility of its existing web-based Commerce Connections offering.

The eFX Internet Trading System is a web-enabled foreign exchange product that allows banks to extend cash management and trading capabilities to their corporate clients, correspondents and even their branches. It allows them to buy and sell foreign currency spot and forward deals, initiate international wire and draft payments, or inquire about foreign exchange rates. Clients can transact business by simply using their browser.

The eFX Internet Trading System communicates with SpotServer acting as a host at the Bank. SpotServer is a sophisticated middleware product which delivers customized foreign exchange rate quotations to customers based upon real time rate feeds, while allowing the Bank full control over rate quoting services, and enabling dealer quoting intervention when necessary. It also provides security, limit monitoring, customer information services for the Internet trading process, and reporting of quoted and completed FX transactions. All quotations and executed transactions are sent electronically to SpotServer which records them on a centralized data base so that the bank’s DDA, Wire, Customer Liability, and trading room FX systems have immediate access to the information in real time.

“Commerce Bank recognizes that corporations are demanding ease of use, flexibility, and anytime access in their banking transactions and have been working to provide its customer base with solutions that respond to these needs.” said Fred Goldman, CEO of Spot Systems, “With our eFX Internet Trading System and SpotServer, the Bank has taken an additional step in adding FX trading and payments to its existing treasury offerings in Commerce Connections.”

About Spot Systems

San Francisco-based Spot Systems, Inc. is a leading provider of innovative technology designed to facilitate foreign exchange and international banking services. For more than twenty years, Spot Systems has been providing software to the international financial community--sophisticated software that addresses the complexities of foreign exchange trading and accounting for both wholesale and retail transactions. Since the advent of electronic remote issuance, Spot Systems has also been a leader in solutions allowing customers to originate FX contracts, drafts and wires from their own offices. Products include the Foreign Exchange Trading System, a real-time system for both the trading floor and the back-office; the Multi-Currency General Ledger System; the SpotServer, which operates as the real-time request interface between the Internet-based customer and the bank's back-office trading system; the International Teller System; the International Loan/Deposit System; and the eFX Internet Trading System. For more information about Spot Systems and its products, please visit www.spotsystems.com or call 415-982-8150