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Richard Snape Appointed to Head Radianz’s Extranet Business Unit

NEW YORK (April 6, 2004) – Radianz, the leading provider of shared market communications infrastructure for the global financial services industry, announced today the appointment of Richard Snape to the newly created position of General Manager, Extranet Business Unit (EBU).

In his new role, Mr. Snape is responsible for managing the global Extranet business, ensuring quality service to customers and leveraging the existing financial community for further growth. He has also been named to the Radianz Leadership Team, which oversees the overall strategic management of the company including global marketing, finance and operations. Additionally, Direct Sales, Product Marketing, Technical Solutions, Business Administration, Customer Service Delivery, and Billing report to Mr. Snape.

"The appointment of Rick to this new role reinforces our commitment to further enhance our neutral market infrastructure and our ability to offer the highest quality services to the financial community," said P. Howard Edelstein, president & CEO of Radianz.

Mr. Snape, who has more than 25 years of financial information and technology experience, joined Radianz in November 2003 as head of Strategic Development. In this role he was responsible for identifying, analyzing and introducing opportunities to develop the Radianz portfolio of products and services as well as establish strategic partnerships and alliances. Prior to joining Radianz, Mr. Snape served as president of SunGard Market Data Services, a market data aggregator, distributor, and wholesaler for the financial services industry.

Prior to SunGard, Mr. Snape held various roles in the financial technology arena including co-chief executive officer at Bridge Information Systems, president of BT Financial Services Information Systems at Bankers Trust, and various roles at Telerate Systems, Inc.

For more information, please contact:
JoAnn Healy
Intermarket Communications
Phone: 1-212-888-6115 Ext. 226