SYNTEGRA ANNOUNCES NEW EUROPEAN TRADING SYSTEMS SALES TEAM

- Four new account managers appointed -

London, 23 April, 2003 - Syntegra today announced it has created a dedicated
pan-European sales team to manage its growing European Trading Systems
business. The new sales operation was formed in response to Syntegra's
desire to provide a single point of contact for management of individual
accounts both in the UK and in continental Europe, including liaison with
local distributors and agents. Ben Fursman will lead the team as head of
sales for EMEA (Europe, Middle East and Africa) and will continue to report
directly to Rod MacDonald, managing director for trading systems at
Syntegra. Syntegra has appointed four new account managers to the European
team of account managers and channel managers. Richard Seekins, Philip
Cooney, Matthew Gadd and Kevin Sparks have a wealth of industry experience
and successful track records, complementing the already successful London
sales team.

Syntegra currently sells directly within the UK and serves the European
market indirectly through strong, local distributors, with countrywide
capabilities. The new team will manage direct sales activity and distributor
relationships in Syntegra's primary European markets - the UK, Holland,
Spain, Germany, Italy and Switzerland - as well as a further 26 sales and
service agents throughout the region.

All of the new account managers have extensive experience in trading
technology. Richard Seekins is particularly knowledgeable about Voice over
Internet Protocol (VoIP) and intercom systems and, having previously worked
with companies Syntegra endorses from a systems integration perspective, has
a clear understanding of Syntegra's strategy for trading systems. Richard
was most recently global sales director at Speakerbus, and co-founded Purple
Voice. Philip Cooney has over ten years experience in dealing room
technology in both the City and Europe, having worked for Pegasus Data
Services, SunGard Data Systems and Reuters. Matthew Gadd was previously
strategic alliances and senior account manager at Reuters and Kevin Sparks
joins Syntegra from BT, where he directed major global investment banking
accounts.

Speaking about the new appointments, Ben Fursman, head of sales for
EMEA, Syntegra, said: "We are delighted to welcome such high-calibre talent
to the European sales team to further augment our sales capability in the
region. The combination of our customer knowledge, technical capability and
the strength of our local distributors throughout Europe means we are
unrivalled in our ability to respond to customer requirements."

Rod MacDonald, managing director for trading systems at Syntegra, said:
"As a full service provider, our expanded European team is well-positioned
to respond to individual client requirements - including systems integration
projects. I believe the ITS strategy with its parallel investment in VoIP,
and ITS Myriad, truly provides us with a winning combination in today's
difficult market. The new appointments illustrate our commitment to sharing
our vision for the virtual trading organisation with financial institutions
throughout Europe, and to delivering on this unique proposition."

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