Rolfe & Nolan Expands European Front End Sales Team

London, 6th August 2004 - Rolfe & Nolan announced today that Gavin Parker
has joined its London based European sales team to focus on the company's
Order Management solutions. Prior to joining Rolfe & Nolan, Parker was
Managing Director at order routing specialists Real Time Trading Systems (RTS) and was formerly I.T Director at Fortis Bank.

Parker will report to Bill Herder, Rolfe & Nolan's Senior Vice President - Order Management. Of his appointment, Herder said: "Gavin brings a great track record and in-depth front end order routing experience, as well as detailed knowledge of the financial marketplace. By hiring Gavin we will be in a position to take our ASP, Java-based, solution 'Edge' further into the European market place. Gavin will enable us to capitalise on the increasing demand within Europe for ASP trading products and ensure that Rolfe & Nolan are the dominant player in this area".

"This is an exciting time to be joining Rolfe & Nolan", commented Gavin Parker. "The Edge solution has huge potential in Europe due to its inherent
scalability, great cost savings and integrated market leading risk management controls. I am looking forward to participating in Rolfe & Nolan's continued growth in the order management system marketplace".

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