As Chief Operating Officer, Mr. Siegfried will be responsible for managing the day to day operations of the business, including Development, IT, QA, Product Management and Systems Operations. Mr. Siegfried will report directly to FutureTrade President and CEO, Murray Finebaum.

Mr. Siegfried brings over 30 years of experience in development, product and organizational management to FutureTrade. "We are extremely pleased to welcome Lee to the FutureTrade team," said Mr. Finebaum. "During the last 18 months FutureTrade has experienced rapid client growth through our direct sales channel and is now preparing to manage additional growth from several strategic relationships. Adding another seasoned manager to our executive team assures that we have the expertise to continue to execute as we grow our global organization and client base."

Mr. Siegfried joins FutureTrade from DHL Worldwide Express, the world's leading air express company, where he was responsible for building their US domestic business including the integration of Airborne Express after it's acquisition in 2003. Before DHL, Mr. Siegfried spent 9 years at Instinet where he served as senior vice president of global client and technology services and was responsible for leading this ECN's client services and IT organizations around the world during a period of rapid growth and global expansion. Prior to Instinet, Mr. Siegfried held senior management and product marketing positions at GFTA Analytics, Lotus Development and Intel. Mr. Siegfried received a BS in Business from California State University, Hayward.

"I see tremendous opportunity in the market for FutureTrade's direct access trading platform," commented Siegfried. "I look forward to building on FutureTrade's momentum and furthering Futuretrade's existing customer service and support focus with our commitment to serving our institutional clients by providing them with the expert electronic brokerage knowledge and consultative services they've come to expect. Combined with that, our unique expertise in buy-side trader workflow places us in an excellent position for success."

FutureTrade has over 100 Hedge Fund and Asset Manager clients, collectively managing over $100 billion in equity assets.