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Smart Trade Technologies initiates presence in New York City with new appointment

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PARIS – June 8th, 2005 – Smart Trade Technologies, the leading software provider of cross-assets internal exchanges today announced the appointment of John REYES as Sales Manager for the US.

Based in New York City, John Reyes will be responsible for driving the sales of the smartTrade Trading Platform (STTP) in the US, primarily to financial institutions in the New York area. John joins from DSTi where he was responsible for new sales development based in New York. Before DSTi, John gathered expertise in the electronic trading field at Beast Financial Systems and Bang Networks where he endorsed senior sales responsibilities. His career in the financial markets debuted at Chemical Bank in the Corporate Lending and Cash Management area, and then went through Dow Jones Telerate and Bridge Information Systems as global account manager.

"The smartTrade solution is very much advanced compared to the market needs today, and responds impressively to the requirements for the Next Generation Trading Systems", said Reyes. "Positioned as an Independent Software Vendor, Smart Trade Technologies brings to banks and financial institutions a clear-cut benefit to help them build and release rapidly to their clients their own cross-asset trading system, built on top of the STTP, perfectly integrated with their internal legacy systems. Smart Trade Technologies has managed to abstract the entire logic of all routing and matching processes within a financial institution, in a very efficient and extremely well-designed piece of software. I am confident that this innovative product will help us be a partner of trust for US institutions, especially after the important sales the company has signed in New York"

Harry GOZLAN, CEO and founder of Smart Trade Technologies, stated: "Debuting a presence in the US was a long-awaited strategic goal for the company. After our last recent major signatures in the industry, we thought it was time to be closer to our US clients, and bring a better coverage of the major US investment banks, very advanced in the electronic trading space, and very savvy of powerful and advanced technology. John Reyes will bring his very deep knowledge of the industry, technical background, and entrepreneurship to help us achieve this goal and build our presence in the US to better serve our current and future clients".

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