Thursday, September 30, 2004

Movaris to Provide Financial Control Management for Instinet Group

Movaris®, a leading provider of financial control management software, today announced that Instinet Group Incorporated [NASDAQ: INGP] has selected Movaris Certainty™ to manage its internal financial controls and Sarbanes-Oxley compliance requirements. As the largest global electronic agency securities broker through its affiliates, Instinet Group recognizes that their control environment will change, and will use the flexibility in Certainty to adjust and implement new control definitions while continually maintaining compliance.

Movaris Certainty not only documents the control definitions, but also records all changes and results of internal testing, creating a complete body of evidence about financial controls for both internal reports and the external auditors. The software also reminds participants to complete all required tasks correctly and on time, and it automatically escalates overdue tasks to management.

Press Release: Movaris to Provide Financial Control Management for Instinet Group

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