ESPD Espeed (MM)

eSpeed, Inc. (NASDAQ: ESPD), a leading developer of electronic marketplaces and trading technology for the global capital markets, announced today its innovative wireless market data and trading solution for institutional trading of benchmark U.S. Treasury bond issues and foreign exchange to market professionals via the Microsoft Windows Mobile 5.0 platform. eSpeed's wireless market data and trading solution, which was launched in June 2005, provides state of the art trading access to eSpeed's clients and real-time market data to Cantor Market Data's clients. eSpeed's clients include the world's largest dealing and trading institutions comprised of the wholesale secondary market for U.S. government securities. Cantor Market Data's clients are comprised of a broad range of financial market participants who rely on real-time price information to make critical trading decisions. With eSpeed's wireless solution, market professionals can execute trades in real-time or obtain critical market data and analytics for the foreign exchange and U.S. government bond markets when they need it, without being restricted to their desktops. eSpeed will offer its application via the Microsoft Windows Mobile platform on wireless devices such as the Motorola Q and the Palm Treo 700w. In conjunction with BGC, a leading inter-dealer brokerage firm providing integrated voice and electronic services to wholesale fixed-income, interest rate, foreign exchange and derivatives markets worldwide, eSpeed plans on adding further instruments to its wireless application in the future in an effort to broaden the pipeline of tradable instruments and market data that will be available on a wireless basis. These will include futures, European government bonds and other securities and derivative products throughout the credit markets. Commenting on today's announcement, Brent Wilkins, Managing Director at eSpeed said, "As a leader in secure wireless financial market data and wireless transactions, eSpeed always strives to bring premier services to its clients. This effort ensures that institutional traders will continue to be able to use eSpeed's wireless application should they decide to use a Windows Mobile powered device. We see numerous opportunities in the wireless sector and are proud to partner with Microsoft in developing our world class application for the Windows Mobile 5.0 platform." "Windows Mobile helps people stay on top of their jobs by providing them with access to email, documents and business applications when they are away from their desk," added Adam Kornak, financial services industry manager for mobility at Microsoft. "eSpeed offers market professionals a solution to access their critical information on Windows Mobile devices and illustrates the innovation being delivered by our partners on Windows Mobile." About eSpeed, Inc. eSpeed, Inc. (NASDAQ: ESPD) is a leader in developing and deploying electronic marketplaces and related trading technology that offers traders access to the most liquid, efficient and neutral financial markets in the world. eSpeed operates multiple buyer, multiple seller real-time electronic marketplaces for the global capital markets, including the world's largest government bond markets and other fixed income and equities marketplaces. eSpeed's suite of marketplace tools provides end-to-end transaction solutions for the purchase and sale of financial and non-financial products over eSpeed's global private network or via the Internet. eSpeed's neutral platform, reliable network, straight-though processing and superior products make it the trusted source for electronic trading at the world's largest fixed income and foreign exchange trading firms and major exchanges. To learn more, please visit www.espeed.com. The information in this press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are based upon current expectations that involve risks and uncertainties. Any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements. Our actual results and the timing of certain events may differ significantly from the results discussed in the forward-looking statements. Factors that might cause or contribute to such a discrepancy include, but are not limited to, the costs and expenses of developing, maintaining and protecting our intellectual property, including judgments or settlements paid or received and their related costs, the possibility of future losses and negative cash flow from operations, the effect of market conditions, including trading volume and volatility, our pricing strategy and that of our competitors, our ability to develop new products and services, to enter new markets, to secure and maintain market share, to enter into marketing and strategic alliances, to hire new personnel, to expand the use of our electronic system, to induce clients to use our marketplaces and services and to effectively manage any growth we achieve, the effects of the attacks on the World Trade Center on September 11, 2001, and other factors that are discussed under "Risk Factors" in eSpeed's Annual Report on Form 10-K filed with the Securities and Exchange Commission. We believe that all forward-looking statements are based upon reasonable assumptions when made; however, we caution that it is impossible to predict actual results or outcomes or the effects of risks, uncertainties or other factors on anticipated results or outcomes and that, accordingly, you should not place undue reliance on these statements. Forward-looking statements speak only as of the date when made, and we undertake no obligation to update these statements in light of subsequent events or developments. Actual results and outcomes may differ materially from anticipated results or outcomes discussed in forward-looking statements. About BGC BGC is a leading inter-dealer broker, providing integrated voice and electronic services for wholesale market participants worldwide. BGC is active in the global fixed income, interest rate, foreign exchange and derivative markets, offering both telephone and screen-based price discovery, trade execution, straight-through-processing and access to electronic trading services from eSpeed, Inc. (Nasdaq: ESPD). The firm, names after fixed income trading innovator B. Gerald Cantor, has offices in London, New York, Paris, Tokyo, Sydney, Hong Kong, Singapore, Nyon and Milan. To learn more, please visit www.bgcpartners.com About Cantor Market Data, LLC Cantor Market Data, LLC is a subsidiary of Cantor Fitzgerald, L.P., and the exclusive source of real-time fixed income pricing and data derived from eSpeed for U.S. and European Government Securities. Cantor Fitzgerald first pioneered live pricing data for fixed income markets 30 years ago, and Cantor Market Data now boasts the highest volume of any data source, with data priced from approximately $200 billion in daily fixed income transactions. Information services from Cantor Market Data are available on Bloomberg, Reuters, CQG, Thomson, Infotec and on our website, www.cantordirect.com. Volume users may also subscribe to Cantor Direct, a direct feed from Cantor Market Data. For more information, in the US call 212 829 4840, in Europe call +44 207 894-8587, in Tokyo call +81 3 3519 9148, in Hong Kong call +852 3477 7700, in Singapore call +65 6336 0594 or visit our website at www.cantordirect.com