AXES Joins Tradeware’s GlobalX™ Network Signals Greater Efficiency in Global Order Flow

New York -20 August 2007

Tradeware Global Corp., the leading broker-neutral solution provider for electronic access to global equity markets, today announced that AXES LLC, a global agency brokerage, has joined Tradeware’s GlobalX network, thus establishing a link between AXES’ GEMS (Global Execution Management System) and GlobalX. AXES provides institutions with cross-border trade execution and settlement tracking in more than 100 countries through its exclusive worldwide broker partnerships. AXES’ global coverage introduces 64 countries and more than 190 new international equity and equity derivatives markets to the GlobalX network.

Tradeware’s GlobalX network serves as a “liquidity grid” for global order flow, providing neutral electronic access to markets worldwide on the agency basis along with efficient post-trade settlement support. Member-brokers can either originate orders, or serve as a destination for order flow, which is executed through local brokers on local bourses. AXES incorporates a significant number of emerging and frontier markets into the already robust GlobalX network. AXES will be able to receive international order flow from GlobalX clients for execution by its broker partner network.

Said Charles Giessen, President of Tradeware: “We believe that global order efficiency is best achieved through neutral connectivity. It is our goal to provide the underlying grid into which brokers, vendors, and other market participants can link. The agreement with AXES is an opportunity to facilitate capital flows worldwide and to expand the reach of our global network into new markets, leveraging the established presence of AXES.”

Said Peter Gaffney, President of AXES: “Our model is predicated on the ability of sell-side brokers and other market participants to easily access all global markets. Our strategic partnerships with leading brokerage firms with memberships to over 250 equity and equity-derivative exchanges worldwide provides unparalleled coverage. The services AXES provides to its global client base are greatly enhanced by joining the Tradeware network. It automates a manual system, provides for cost and time efficiency, and enables compliance with local regulation.”

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