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Stacey Marino Appointed President and Chief Operating Officer of Tradeware Systems

Wall Street's Champion of Financial Information eXchange Technology Taps Its Chief Financial Officer to Head Day-to-Day Operations

NEW YORK--(BUSINESS WIRE)--Sept. 20, 2004-- Tradeware Systems Corp., a privately-owned provider of Financial Information eXchange (FIX)-based electronic order management systems and direct market access trading connectivity solutions, today announced that its Board of Directors has elected Chief Financial Officer Stacey Marino as president and chief operating officer, effective immediately.

Among her responsibilities, Ms. Marino will manage day-to-day operations of Tradeware's U.S. operating company, Tradeware Systems LLC, and European subsidiary, Tradeware Global U.K. Ltd. She also will oversee regulatory compliance, pursue new business opportunities and implement strategic initiatives. The position of president had been open since March prior to Ms. Marino's appointment; chief operating officer is a new position at the Company.

"Stacey has been a key reason behind Tradeware's growth and success during the past year," said Kerry Smithers, the Company's chief executive officer. "Her financial expertise and counsel proved invaluable in our March acquisition of the business assets of Omiris Networks, Ltd. and the subsequent opening of our London office. She also was instrumental in securing our recent $6 million investment from Summit Partners, the first outside financing in Tradeware's 12-year history. This promotion is richly deserved."

Ms. Marino, 40, is a 17-year veteran of the financial services industry. She joined Tradeware in a sales and marketing capacity in 2001 and became chief financial officer in 2003. For the 2004 fiscal year ended February 29, 2004, Tradeware's year-over-year revenue increased 37 percent, and the Company is on track to meet its target for 75 percent revenue growth for fiscal 2005. Tradeware has been profitable in every quarter since 1998.

"We have long been recognized as a U.S. leader in FIX technology, and with the Omiris acquisition we are now extending that leadership on a global level," Ms. Marino said. "Our domestic business continues to accelerate, and our entry into European equity markets has created significant new international opportunities for our order management solutions, connectivity services and cross-border execution and settlement products. I am extremely proud of what Tradeware has accomplished in recent months and expect even greater success as we move ahead."

From 1998 to 2001, Ms. Marino served as senior vice president and fixed income portfolio manager for New York-based Vanderbilt Capital Advisors, LLC, where she was a senior member of an investment team responsible for managing more than $4 billion in assets for more than 100 public and private pension funds, Taft-Hartley plans, foundations and endowments. She also has held portfolio management positions with M.O.S.A.I.C. Investment Advisors, Inc. in Chicago and Shawmut Investment Advisers, Inc. in Boston.

Ms. Marino received her MBA from DePaul University in Chicago and a bachelor's degree in business administration from Simmons College in Boston. A Chartered Financial Analyst, she holds NASD Series 7 and 63 licenses.

As he has since joining the Company in January, Controller Mark Szynkowski will oversee Tradeware's accounting and administration departments and report directly to Ms. Marino.