ESPD Espeed (MM)

Aqua, the new alternative trading system (ATS) offering block liquidity to the global equity markets, announced that Andrew Fishkind, a seasoned professional with 20 years experience in electronic trading, has been appointed Global Head of Sales. He reports to Kevin Foley, President and CEO of Aqua. Mr. Foley said, �We formed Aqua to respond to the demand from institutions and brokers for ways to access new, untapped pools of liquidity. Our concept for block electronic equity trading is based on innovative, proprietary technology, listening and responding to clients� needs, and delivering results. The combination of Andrew�s deep technical knowledge, commitment to excellence in client service, and breadth of experience in the electronic trading marketplace constitutes a tremendous asset and will be instrumental in building our system and meeting our clients� needs.� Mr. Fishkind said, �The fundamental driver in my joining Kevin and the Aqua team is their commitment to creating and executing something that is not only new and exciting, but is genuinely responsive to unmet needs in the US and international markets. We have the opportunity to create a new approach to block trading, particularly in small and mid-cap stocks and hard-to-trade non-US equities, not for the mere sake of innovation itself, but to deliver what the marketplace wants.� Prior to joining Aqua, Mr. Fishkind served as an industry consultant, working with sell-side and buy-side firms developing electronic trading platforms and products. Earlier, at B-Trade Services, he helped build Bloomberg TradeBook, the global institutional electronic brokerage founded by Mr. Foley. From 1987 � 1996, Mr. Fishkind held several senior positions with Instinet, where he focused on building long-standing institutional relationships in the US and helped to develop the international business at the firm. Mr. Fishkind is a graduate of the State University of New York, Binghamton. About Aqua Aqua is a new electronic trading platform focused on creating new pools of block liquidity for institutions, brokers, and hedge funds. Aqua is expected to seek necessary regulatory approvals globally to operate an alternative trading system. Based in New York, Aqua is owned by eSpeed, Inc. (NASDAQ: ESPD), a leader in developing and deploying electronic marketplaces and related trading, and by Cantor Fitzgerald, a leading financial services provider to the institutional equity and fixed income markets, both of which are contributing financial, professional, and technology assets to Aqua. For more information, please visit www.aquaequities.com.