EX ION GLOBAL SALES HEAD, FILIPPI, JOINS icubic AS SALES DIRECTOR

icubic Appoints Roberto Filippi and Opens City of London Office to Support Growing Demand for Electronic Trading Solutions

London, 11 April 2005 – icubic™ AG, a leading provider of electronic trading solutions, today announced that Roberto Filippi, the seasoned connectivity sales and marketing specialist, has joined the team as sales director. Filippi, who is based in London, will be responsible for icubic’s strategic marketing and sales activities on a global level. He will report to Ralf Henke, CEO. Filippi’s appointment reflects the growing demand for icubic’s comprehensive electronic trading solutions and coincides with the opening of a City-based office at number 1 Cornhill.

Filippi brings with him over 18 years’ IT management experience. He was previously head of global sales, at ION Trading Systems Ltd, the market connectivity provider. In this capacity, he was responsible for sales and marketing across ION’s branches in the UK, Europe, USA and Japan. During his three years at ION, Filippi implemented successful sales strategies in new and existing markets and significantly increased sales turnover as the company continued to grow. Prior to joining ION, Filippi held a variety of marketing and sales roles for IT resellers in Italy, including that of marketing and sales manager at Gruppo SeSa Srl, one of the largest Italian IT groups and IBM distributor.

Roberto Filippi, sales director, icubic AG, says: "Over the last few years, I’ve been watching the development of icubic with interest. It has been exciting to see a keen, young contender emerge onto a scene that has long been dominated by a few, niche players. Increased competition can only be good for the market as it will encourage improved technology solutions and more flexible pricing models. I have been impressed with the breadth of the icubic offering and its ability to react quickly to market developments, whilst working in close partnership with its clients. For example, icubic has moved beyond the fixed income markets and is the only company in the market that can provide a complete suite of integrated electronic trading solutions covering the pricing, quoting and trading of securities."

Les Gosling, managing director UK, says: "Roberto’s appointment is a real coup for icubic. Connectivity is a key issue for investment banks today as they look to increase speed to market whilst simultaneously driving down costs. With the recent launch of iConnect, an exchange and market connectivity software suite that provides traders with fast, comprehensive access to Europe’s financial markets, ECNs and market data vendors, icubic has emerged as a serious contender in the connectivity space. This is an area that Roberto, like us, knows inside out. Roberto shares our vision to change the shape of the electronic trading landscape to help investment banks optimise profitability whilst minimising risk."

Ralf Henke, CEO, icubic, says: "Since entering onto the international stage last year, we have seen a seismic shift in demand for icubic’s electronic trading solutions. We are well and truly on the international map. Large investment banks in the City, as well as on mainland Europe, are using our flexible inter-dealer, Bank-to-Customer and connectivity offerings to streamline their electronic trading processes. In parallel with the opening of our City office, Roberto’s appointment underlines our ongoing commitment to supporting our rapidly growing Pan-European customer base."

As its international customer base continues to grow, icubic continues to extend its local IT support.

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