FOR IMMEDIATE RELEASE

Trading Technologies Statement Regarding Erroneous eSpeed News Release

CHICAGO, January 14, 2008 — eSpeed’s January 10, 2008 press release titled "Court Reverses Jury Decision in eSpeed-Trading Technologies Patent Case" is not accurate. eSpeed said, "In his January 3, 2008 order, the judge agreed with eSpeed's motion for a judgment as a matter of law, overturning the jury's October 10, 2007 verdict that certain versions of eSpeed's futures-trading software had infringed TT's patents."

This is not true. The Court, on the same day in a separate decision, denied eSpeed’s motion to set aside the jury’s verdict of infringement. This order is posted at: http://www.tradingtechnologies.com/news/011408_eSpeedCase-file.pdf.

The Court order referred to by eSpeed merely overruled the jury's finding of willfulness, which is only relevant to the issue of whether the jury's $3.5 million transaction-based damage award for just 4-5 months of infringement should be increased. The jury's finding that eSpeed is liable for patent infringement stands.

About Trading Technologies
Trading Technologies (www.tradingtechnologies.com) develops high-performance trading software for derivatives professionals, including the world's premier exchanges, money-center banks, proprietary traders, securities brokers, Futures Commission Merchants (FCMs), hedge funds and other trading institutions. The company's X_TRADER® software and related services provide direct access to the world's major derivatives exchanges. X_TRADER 7.4, the current version of TT's high performance trading platform, was named "Innovation of the Year" by FOW magazine and "Best Buy-Side Commodities Trading Platform" by Buy-Side Technology magazine in 2007. TTNET™, TT's fully managed hosting solution, delivers maximum system stability and fast trade execution via hubs located close to the major exchanges in Chicago, New Jersey, London, Frankfurt, Singapore and Tokyo. Headquartered in Chicago, Trading Technologies maintains a worldwide presence with offices in New York, Stamford, Houston, London, Geneva, Frankfurt, Singapore, Hong Kong, Tokyo and Sydney. In 2004, Trading Technologies was named the best technology company to work for in Chicago by Chicago magazine and ranked third among all Chicago area employers. In 2006, TT received the prestigious Lighthouse Award from the Illinois Information Technology Association (ITA) as the leading technology company in Illinois.