TechHackers - Press

BONDDESK GROUP ACQUIRES TECHHACKERS; CONTINUES EXECUTION OF GROWTH STRATEGY

NEW YORK, NY - January 4, 2005 - BondDesk Group ("BondDesk"), a privately held company providing fixed income solutions to the securities industry, today announced it has completed the acquisition of TechHackers, a New York-based developer of software tools and enterprise systems for securities trading and financial operations. TechHackers will operate within the BondDesk*Analytics division. The terms of the agreement were not disclosed. A leading provider of mathematical models for the fixed income and derivatives markets, TechHackers deploys their QuantTools and @nalyst products to financial services firms and market professionals worldwide. "This acquisition will extend our analytics to additional security types, and bring sophisticated tools to our clients' desktops through TechHackers spreadsheet add-in products," said Jan Mayle, Managing Director of BondDesk*Analytics. "Not only does TechHackers enhance the BondDesk*Analytics suite of products, but their specialization in quantitatively complex areas will allow us to expand our footprint into other markets."

Rob Slaymaker, Chief Executive Officer of BondDesk Group, stated, "TechHackers is a highly innovative organization with proven technology in the financial industry. With this acquisition, we will be able to offer our clients an even broader spectrum of solutions, as well as gain a larger distribution channel." TechHackers will continue supporting their existing clients, as well as licensing their products to new clients from their current Manhattan headquarters. For more information on TechHackers, visit www.thi.com. For more information on BondDesk Group, visit www.bonddeskgroup.com.

About BondDesk BondDesk Group is a privately held company providing fixed income solutions to the securities industry in the U.S. and Canada. The BondDesk ATS, run by BondDesk broker dealer subsidiary, BondDesk Trading LLC, connects broker-dealers through a centralized marketplace. The BondDesk ATS is one of the largest market destinations for trading fixed income in the U.S., offering a diverse pool of liquidity. With over 16,000 live taxable and tax-exempt offerings from over 80 leading dealers, BondDesk transacts in excess of 14,000 tickets daily. BondDesk's 14 broker dealer equity partners include bulge bracket firms, regional firms, online broker dealers, and correspondent networks. BondDesk has 100 employees, with key offices in California, Michigan, and New York.


		Press Release
		BONDDESK GROUP ACQUIRES TECHHACKERS; CONTINUES EXECUTION OF GROWTH STRATEGY NEW YORK, NY - January 4, 2005 - BondDesk Group ("BondDesk"), a privately held company providing fixed income solutions to the securities industry, today announced it has completed the acquisition of TechHackers, a New York-based developer of software tools and enterprise systems for securities trading and financial operations. TechHackers will operate within the BondDeskAnalytics division. The terms of the agreement were not disclosed. A leading provider of mathematical models for the fixed income and derivatives markets, TechHackers deploys their QuantTools and @nalyst products to financial services firms and market professionals worldwide. "This acquisition will extend our analytics to additional security types, and bring sophisticated tools to our clients' desktops through TechHackers spreadsheet add-in products," said Jan Mayle, Managing Director of BondDeskAnalytics. "Not only does TechHackers enhance the BondDesk*Analytics suite of products, but their specialization in quantitatively complex areas will allow us to expand our footprint into other markets." Rob Slaymaker, Chief Executive Officer of BondDesk Group, stated, "TechHackers is a highly innovative organization with proven technology in the financial industry. With this acquisition, we will be able to offer our clients an even broader spectrum of solutions, as well as gain a larger distribution channel." TechHackers will continue supporting their existing clients, as well as licensing their products to new clients from their current Manhattan headquarters. For more information on TechHackers, visit www.thi.com. For more information on BondDesk Group, visit www.bonddeskgroup.com. About BondDesk BondDesk Group is a privately held company providing fixed income solutions to the securities industry in the U.S. and Canada. The BondDesk ATS, run by BondDesk broker dealer subsidiary, BondDesk Trading LLC, connects broker-dealers through a centralized marketplace. The BondDesk ATS is one of the largest market destinations for trading fixed income in the U.S., offering a diverse pool of liquidity. With over 16,000 live taxable and tax-exempt offerings from over 80 leading dealers, BondDesk transacts in excess of 14,000 tickets daily. BondDesk's 14 broker dealer equity partners include bulge bracket firms, regional firms, online broker dealers, and correspondent networks. BondDesk has 100 employees, with key offices in California, Michigan, and New York.