FutureTrade Doubles Revenue for 2004

FutureTrade Doubles Revenue for 2004

Fourth Quarter Revenue Increases 66% From Year Earlier

NEW YORK and LAKE FOREST, Calif., Feb. 1 /PRNewswire/ -- FutureTrade, a leading independent provider of electronic equity and option execution services, today reported that revenues for the fourth quarter grew 66% compared to the same period last year and the company's revenues grew 27% from the prior quarter.

In 2004, FutureTrade's revenues increased 102%, reflecting steady growth in the number of institutional clients and trading volume per client. This strong revenue growth was achieved despite soft equity volumes experienced by the industry overall.

"2004 was a milestone year for FutureTrade. We steadily increased our revenues and the number of new clients providing further validation and industry-wide acceptance of our advanced trading technologies," said Murray Finebaum, President and Chief Executive Officer at FutureTrade. "In 2005, we will continue to focus on providing exceptional service and client support with an emphasis on further enhancing our trading capabilities. We also expect that key partnerships announced this quarter will contribute significantly to revenue and client growth this year."

Company highlights from 2004 included:

* Increasing its institutional client base substantially, doubling its
equity client base to more than 200 clients and signing on 50 new
clients to its options business.

* Successfully launching its LiquidityPath Service Bureau for
broker-dealers and prime brokerages.

* Announcing key partnerships with Bear Stearns, Capital Institutional
Services Inc. (CAPIS), and Credit Suisse First Boston -- underscoring
the broad acceptance of FutureTrade's trading technologies.

* Closing of a $10.6 million Series D Funding round led by Smart
Technology Ventures. They join Menlo Ventures as leading investors in
FutureTrade.



FutureTrade has over 200 hedge fund and other institutional clients, which manage a total of more than $100 billion in equity assets.

About FutureTrade

FutureTrade provides buy-side traders with a fully integrated direct access trading platform for equities and options. Through one platform, traders access liquidity on all major exchanges, ECNs, ATSs, Market Makers, DOT and all five US Options Exchanges. Users enter orders, get instantaneous executions, track multiple portfolios, access market data efficiently, and see advanced analytics -- all from a single integrated workstation. FutureTrade facilitates real-time reporting of trade data making it an ideal front-end to straight-through processing for buy-side traders. Transactions can be executed through FutureTrade Securities, a wholly owned subsidiary of FutureTrade Technologies. Securities offered through FutureTrade Securities, LLC. Member of NASD and SIPC. For more information, please visit www.futuretrade.com.

Contact Information:
Jim Kwiatkowski Melissa Kanter
EVP Sales and Marketing Edelman
(212) 230-2501 (212) 704-8261
Email: jimk@futuretrade.com Email: melissa.kanter@edelman.com


Source: FutureTrade

CONTACT: Jim Kwiatkowski, EVP Sales and Marketing of FutureTrade,
+1-212-230-2501, jimk@futuretrade.com, or Melissa Kanter of Edelman,
+1-212-704-8261, melissa.kanter@edelman.com, for FutureTrade

Web site: http://www.futuretrade.com/


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