ESPD Espeed (MM)

eSpeed, Inc. (NASDAQ: ESPD), a leading developer of electronic marketplaces and related trading technology for the global capital markets, announced that Borys Harmaty has joined the firm as Vice President and Manager of the Customer Integration Services team. Mr. Harmaty, who will be based in the firm�s New York offices, brings over 20 years experience in financial product development and project management. Mr. Harmaty most recently was with Bank of New York (BNY), where he was responsible for product development of international electronic equity trading in London and New York. Prior responsibilities at BNY units included relationship management of global accounts and product development for performance/risk management and compliance. Earlier, he held positions in global custody at The Chase Manhattan Bank and in financial applications programming. He brings substantial knowledge and expertise in algorithmic based business, exchange operations and connectivity, trading environments, and market data systems, and is focused on delivering high value to clients through technology to improve service delivery. Joseph Noviello, Executive Vice President and Chief Product Architect for eSpeed, said, �We�re extremely pleased with the addition of Borys to our team. His emphasis on leading teams that are dedicated to developing market solutions for clients and his deep technical knowledge will be crucial as we continue to emphasize the integration of our clients with the eSpeed marketplace. Borys� breadth of experience is an ideal fit with eSpeed�s continuous focus on excellence in client service, and his proven ability to solve complex problems and commitment to client relationship management makes him a tremendous asset to eSpeed�s Customer Integration Services team.� Mr. Harmaty is a graduate of St. John�s University, where he received a B.S. in Computer Science and an MBA in Quantitative Analysis, and has pursued doctoral studies at Stony Brook University. 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 foreign exchange marketplaces. eSpeed's suite of marketplace tools provides end-to-end transaction solutions for the purchase and sale of financial products over eSpeed's global private network or via the Internet. eSpeed's neutral platform, reliable network, straight-through 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, our relationship with Cantor Fitzgerald and its affiliates, 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. eSpeed, Inc. (NASDAQ: ESPD), a leading developer of electronic marketplaces and related trading technology for the global capital markets, announced that Borys Harmaty has joined the firm as Vice President and Manager of the Customer Integration Services team. Mr. Harmaty, who will be based in the firm's New York offices, brings over 20 years experience in financial product development and project management. Mr. Harmaty most recently was with Bank of New York (BNY), where he was responsible for product development of international electronic equity trading in London and New York. Prior responsibilities at BNY units included relationship management of global accounts and product development for performance/risk management and compliance. Earlier, he held positions in global custody at The Chase Manhattan Bank and in financial applications programming. He brings substantial knowledge and expertise in algorithmic based business, exchange operations and connectivity, trading environments, and market data systems, and is focused on delivering high value to clients through technology to improve service delivery. Joseph Noviello, Executive Vice President and Chief Product Architect for eSpeed, said, "We're extremely pleased with the addition of Borys to our team. His emphasis on leading teams that are dedicated to developing market solutions for clients and his deep technical knowledge will be crucial as we continue to emphasize the integration of our clients with the eSpeed marketplace. Borys' breadth of experience is an ideal fit with eSpeed's continuous focus on excellence in client service, and his proven ability to solve complex problems and commitment to client relationship management makes him a tremendous asset to eSpeed's Customer Integration Services team." Mr. Harmaty is a graduate of St. John's University, where he received a B.S. in Computer Science and an MBA in Quantitative Analysis, and has pursued doctoral studies at Stony Brook University. 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 foreign exchange marketplaces. eSpeed's suite of marketplace tools provides end-to-end transaction solutions for the purchase and sale of financial products over eSpeed's global private network or via the Internet. eSpeed's neutral platform, reliable network, straight-through 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, our relationship with Cantor Fitzgerald and its affiliates, 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.