Eze Castle Software Completes Integration with ESP's Global DMA and Electronic Algorithm Routing Network (EARN™)

New York, NY, March 29, 2005 — Eze Castle Software announced today that they have completed integration of their Traders Console Order Management System with Electronic Specialist’s (ESP) Global DMA and Electronic Algorithm Routing Network (EARN™).

"Now buy-side institutions, including hedge funds, state pensions, mutual funds, and investment managers can access any of the electronic execution destinations on ESP’s network directly through a single broker connection from the Eze Castle Software Traders Console OMS" states Scott Kurland, Senior Managing Director of Electronic Specialist. "Furthermore, we believe that the addition of Eze Castle’s state-of-the-art OMS to our integrated product suite will enable us to provide buy-side clients with complex clearing, compliance and reporting needs a more complete end-to-end solution for order management, market connectivity, and best execution."

ESP’s EARN™ Portal and Global DMA Network currently offers clients centralized access to more than 50 exchanges ECNs, algorithmic strategies, and crossing networks, from some of the leading providers on the street, including such strategies as VWAP, TWAP, Volume Participation, Inline Tactics, and Implementation Shortfall.

"We aim to give our clients access to all electronic trading destinations to automate their trade flow," says David Quinlan, president of Eze Castle Software. "Integrating with ESP’s algorithms, and further automating the process by using our Quick Send Profiles, allows them to reduce the clicks to execution. Simply put traders click the order then click the button for quick execution."

One of the major benefits that ESP provides is centralized clearing, allocation, settlement and delivery across all market destinations and algorithms, so clients get the added benefit of having their trade executions aggregated along with all other DMA and algorithmic executions, and delivered as a single or allocated block trade.

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