HISTORY - We've done it before.

Market Evolution Software Products Limited (Market Evolution) was founded by David Ewasuik, who also founded the successful capital markets provider EFA Software Services Ltd. (EFA) by developing EFA's first-generation trading system. At its peak, EFA was about 200-people strong and had more than 50 worldwide installations across diverse marketplaces.

After the sale of EFA and completing a non-compete, Ewasuik has returned to the marketplace with this new venture and his more than 20 years of experience.

With Market Evolution, Ewasuik is building off the success of EFA by partnering up with the Slovenian capital markets, which drives its markets with locally-proven and Microsoft-based systems. The systems adhere to international standards and have complimented a marketplace that has been recognized by the World Bank and the International Monetary Fund (IMF) for best practices.

Together, Market Evolution, the Ljubljana Stock Exchange (LJSE) and the Central Securities Clearing Corporation of Ljubljana (KDD) combine their technical and business experience as well as their extensive network of consultants to offer emerging to mid-sized markets affordable solutions and services.

EFA's client list

The EFA client list included large clients as well as emerging and developing markets in Asia, Central America, the Caribbean, Africa, the Middle East and Europe.

• Large clients: Boston Stock Exchange; Canadian Venture Exchange; Chicago Board Options Exchange; Deutsche Borse; Japan Bond Trading Company; Merrill Lynch; Saudi Arabian Monetary Authority (trading and clearing packages); Toronto Stock Exchange
• Emerging/developing clients: Lahore Stock Exchange, Pakistan (trading & clearing); Karachi Stock Exchange, Pakistan (trading & clearing); Borsa de Valores, Guatemala (trading & clearing); Bahamas International Stock Exchange; Barbados Stock Exchange (trading & clearing); Bermuda Stock Exchange (trading & clearing); Jamaica Stock Exchange (trading & clearing); Trinidad and Tobago exchange (trading & clearing); French West Africa (Benin, Burkina Faso, Cote d’Ivoire, Guinea Bissau, Mali, Niger, Senegal and Togo); Nigerian Stock Exchange (trading & clearing); Cairo and Alexandria Stock Exchange (trading & clearing); Palestine Stock Exchange (trading & clearing);Abu Dhabi Stock Exchange (trading & clearing); Dubai Stock Exchange (trading & clearing); Bahrain Stock Exchange (trading & clearing); Qatar Stock Exchange (trading & clearing); Jordan Securities Depository; Iran Stock Exchange (trading and Clearing); Iceland Clearing Corporation; Ljubljana Stock Exchange; KDD Slovenia; Malta Stock exchange; Bucharest Stock Exchange; Bucharest Clearing Corporation.

Current clients using QuickTrade and QuickClear

• Ljubljana Stock Exchange and KDD Slovenia, Montenegro Stock Exchange, Macedonian Stock Exchange, Banja Luka Stock Exchange, Sarajevo Stock Exchange, Damascus Securities Exchange, Bahamas Securities Exchange, Regional Stock Exchange of West Africa.