ESP GLOBAL DIRECT MARKET ACCESS NOW AVAILABLE ON BLOOMBERG

New York, NY, January 20, 2005 -- Electronic Specialist ("ESP") today announced that its Global Direct Market Access Network is now accessible on the Bloomberg terminal. ESP's high-speed Direct Market Access Network is accessible to Bloomberg users via Bloomberg's Algorithmic Trading function at ALBR on the Bloomberg terminal, and via Bloomberg's Electronic Equity Marketplace at EET on the Bloomberg terminal. In addition, a selection of thirteen algorithmic strategies is offered through ESP's Electronic Algorithm Routing Network (EARN™) on the Bloomberg terminal, which is also known as the Bloomberg Professional® service.

Electronic Specialist LLC, a New York-based technology firm, NASD and NFA registered broker-dealer, provides high-speed direct market access execution capabilities in US and global equities, options, and futures to buy-side and sell-side clients. ESP’s client base includes hedge funds, pension plans, investment advisors, boutique broker-dealers, and traditional asset managers. The ESP equities network is now seamlessly available to Bloomberg users worldwide.

"Now with simple permissioning by ESP on the Bloomberg terminal, institutional users in 126 countries can immediately begin to benefit from rapid electronic execution at lower costs through ESP’s Global Direct Market Access Network," according to Gideon Lang-Laddie, managing director of Electronic Specialist LLC.

Institutions can further benefit by routing algorithmic trades via ESP. Using the Bloomberg Electronic Equity Marketplace customers will be able to utilize a wide range of premium, distinctive algorithms that ESP provides on an agency basis. These include: INLINE, PREDICT, MANAGE, STAGE, GETPX, PVOL, OPTPX, PRIORITY, ALPHA and MOC as well as VWAP, TWAP and GWAP. Trades can be entered electronically across all strategies, while offering a single clearing counterparty for delivering net-settled trades.

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