ESPD Espeed (MM)

eSpeed, Inc. (NASDAQ: ESPD), a leading developer of electronic marketplaces and trading technology for the global capital markets, announced today the appointment of David Hall as Senior Vice President and Global Head of Sales of eSpeed Futures and Ecco software. He will report to Daniel Eccleston, Managing Director of eSpeed Futures. In his role, David will be responsible globally for sales of eSpeed�s futures hosting and order routing services and the Ecco order execution software. He will manage the existing Futures and Ecco sales team while working closely with eSpeed product and sales managers worldwide to co-ordinate eSpeed�s global sales efforts in the futures space. David�s appointment to this role is a key element of eSpeed�s increasing focus on its futures business. David joined eSpeed as Product Manager in July 2006 from Patsystems, where he served as Director of Product Marketing from 2003. David established and developed various product launches throughout Europe and the United States and exceeded growth targets for six years in a row, following his arrival at Patsystems in 1999. Previously, David held positions at a number of financial institutions including the Industrial Bank of Japan, Deutsche Bank and National Westminster Bank, and brings with him over 20 years of experience within the financial markets industry. Paul Saltzman, Chief Operating Officer at eSpeed said, �David is the ideal candidate to help further grow our existing futures routing and execution screen business. His experience will be vital in improving our futures offering through a broader range of user interfaces, and we look forward to working with him closely in achieving this end.� David Hall said, �It�s an exciting time for eSpeed within the futures market and I�m delighted to be managing an experienced team that is ideally positioned to develop our futures business further.� 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. Discussion of Forward-Looking Statements by eSpeed, Inc. 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 trading technology for the global capital markets, announced today the appointment of David Hall as Senior Vice President and Global Head of Sales of eSpeed Futures and Ecco software. He will report to Daniel Eccleston, Managing Director of eSpeed Futures. In his role, David will be responsible globally for sales of eSpeed's futures hosting and order routing services and the Ecco order execution software. He will manage the existing Futures and Ecco sales team while working closely with eSpeed product and sales managers worldwide to co-ordinate eSpeed's global sales efforts in the futures space. David's appointment to this role is a key element of eSpeed's increasing focus on its futures business. David joined eSpeed as Product Manager in July 2006 from Patsystems, where he served as Director of Product Marketing from 2003. David established and developed various product launches throughout Europe and the United States and exceeded growth targets for six years in a row, following his arrival at Patsystems in 1999. Previously, David held positions at a number of financial institutions including the Industrial Bank of Japan, Deutsche Bank and National Westminster Bank, and brings with him over 20 years of experience within the financial markets industry. Paul Saltzman, Chief Operating Officer at eSpeed said, "David is the ideal candidate to help further grow our existing futures routing and execution screen business. His experience will be vital in improving our futures offering through a broader range of user interfaces, and we look forward to working with him closely in achieving this end." David Hall said, "It's an exciting time for eSpeed within the futures market and I'm delighted to be managing an experienced team that is ideally positioned to develop our futures business further." 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. Discussion of Forward-Looking Statements by eSpeed, Inc. 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.