There is a number of non-Web-based applications where NPAC's expertise in HPCC technologies could be relevant to CME operations. For example, we have developed derivative valuation software using state-of-the-art algorithms and simulation engines for risk management which use Monte Carlo simulations and scenario generation methodologies. With an InfoMall partner (InfoMall is NPAC's technology transfer vehicle) we are developing data mining applications for fraud detection in retail banking. Similar technology can be adapted to marketing research or management of default risk, which might be relevant for CME.