Ubitrade Strengthens its London Team

Ubitrade, a leading supplier of advanced system solutions for the finance
industry, today announces structural changes to its UK business, with two
appointments.

The result is a platform capable of managing significant customer growth in the United Kingdom.

Laurent Jacquemin, member of the Management Board of Ubitrade SA and Head of Client Services has been promoted to focus on and oversee activity in London, with global responsibility over sales, marketing and client services. A few years ago, Laurent Jacquemin managed the establishment of Ubitrade's presence in Frankfurt, which is now a prospering and successful autonomous entity of Ubitrade's European business.

Jacquemin commented: "We have taken key decisions to strengthen our commitment to the London market and with our strategic reorganisation and the forthcoming launch of new distribution capabilities, shall be aggressively seeking to grow our business in the UK.

The Ubix products along with the widely recognized unique quality of the services we deliver are extremely good assets which we are going to build on. We are committed to building up our service and support infrastructure in line with growth.

Our strategy is ultimately to offer global reach and local touch support services to customers with regional and/or global user, processing and/or communications requirements".

Andrew Hobbs joins as Head of UK Sales. Hobbs, who has been involved in the Futures and Options industry for 16 years and recently returned to the UK from the US, has held senior commercial positions with Deutsche Bank and Rolfe and Nolan.

Hobbs chief responsibility is to develop strategy and Ubitrade's business in London by attracting local as well as regional/global players based there. He will be involved in Ubitrade's product and commercial strategic direction.

Commenting on his new role, he said: "I am delighted to be involved in Ubitrade's strategy plans. The business is strong and poised for the next stage of growth. The quality of the company's products, services and staff is second to none in this field." Hobbs replaces Jim McCarthy who is leaving to pursue interests outside the industry.

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