FutureTrade Continues Record Revenue Pace

New York, NY and Lake Forest, CA - 24 October 2006

FutureTrade, a leading independent provider of electronic equity and option execution services, today reported Q3 revenue had grown 16% compared to the same period in 2005. Revenues for the first 9 months of 2006 were 27% higher compared to 2005.

“Electronic trading has become a staple among hedge funds and institutional asset managers", stated Murray Finebaum, President and CEO. “Today, nearly every major brokerage offers its own trading platform and set of algorithms and new trading venues are announced each month. This presents the buy-side trader with a confusing array of tools with which to accomplish his job in increasingly difficult markets, as well as a growing concern over the potential for information leakage and market impact. More than ever, FutureTrade’s independence and ability to facilitate trading with multiple brokers are raised as crucial differentiators and have fueled our continued growth.”

Major company highlights for Q3 include:

o Agreement with LaBranche Financial Services Institutional Execution Group (NYSE: LAB) in which LaBranche’s Institutional Execution Group will market and provide its clients with access to the FutureTrade platform.

o Release of FutureTrade version 3.4 offering several significant enhancements including Pairs trading, Options Smart Order Routing, access to the NASDAQ Open and Closing Cross, enhanced allocation capabilities and integrated OATS Phase 3 reporting.

o The addition of John Lopez, the former Pipeline Trading Systems architect, as Principal Architect.

FutureTrade has approximately 200 hedge fund and other institutional clients, which manage more than $185 billion in equity assets.

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