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U.K. SUBSIDIARY OF TELEKURS FINANCIAL SEES APPOINTMENT OF NEW HEAD OF DATA ACQUISITION

02 November 2004

Telekurs Financial, one of the world’s leading suppliers of financial
information and IT services, is pleased to announce that Sheena Clark has
joined the U.K. subsidiary as Head of Data Acquisition.

Clark joins Telekurs (U.K.) Ltd. from Gissing Software (formerly Mighter Gissing) where she most recently held the position of Global Business Development Manager. She brings with her 15 years of experience within the multi-vendor contribution business where she has played numerous roles: sourcing, acquiring, producing and selling market data.

Beat Koch, CEO of Telekurs (U.K.). Ltd. said, "I am pleased to announce the
appointment of this role to Telekurs (U.K) Ltd. Clark brings with her a vast
knowledge of contributed and inter-dealer data which can only help to
expand the fixed income contributors and profile of Telekurs (U.K) Ltd. in the
data distribution market."