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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Kevin Shea who wrote (17576)	12/30/1999 11:51:00 AM
From: KevinThompson	Respond to of 57584

NETP on Fire... KT

To: Kevin Shea who wrote (17576)	12/30/1999 11:57:00 AM
From: john722	Respond to of 57584

ESPD . IPO Quiet Period ending. Must Read: ESPEED INC (ESPD) S-1 Filing (SEC form S1) We operate interactive electronic marketplaces designed to enable market participants to trade securities and other products in real-time, more effectively and at lower cost than traditional trading environments. Our current marketplaces are used by financial institutions and wholesale market participants to trade in a wide range of global fixed income securities, futures, options and other financial instruments, including government securities denominated in U.S. dollars, Euros, Yen, British Pound Sterling, Canadian dollars and currencies of emerging market countries, as well as securities of U.S. agencies, municipal securities, Eurobonds, corporate bonds and other global fixed income securities and U.S. Treasury futures. We operate the largest global electronic marketplace for U.S. Treasury securities and leading global electronic marketplaces for the other fixed income securities and financial instruments which have been converted to our eSPEED (Service Mark) electronic trading platform. Our current marketplaces process financial instrument transactions of over $150 billion per day, of which approximately $6 billion are wholly-electronic orders not involving any person as an intermediary. Our revenues are driven by trading activity and volumes in our marketplaces. We believe we operate the only electronic marketplaces used for trading in multiple securities and financial and non-financial instruments on a global basis. We also operate a U.S. Treasury futures exchange marketplace that is known as CANTOR EXCHANGE (Service Mark). It is the first fully electronic futures exchange for the trading of U.S. Treasury futures and will serve as our platform for the electronic trading of a broad range of futures contracts globally. Over 500 institutions worldwide participate in our marketplaces, including the 25 largest bond trading firms in the world, as identified by Euromoney Magazine. Most of these institutions use our proprietary screen displays and/or trading platforms, which allow us to deliver information and execute transactions in real-time through their security "firewalls". We have devoted significant resources to developing client arrangements, providing point-to-point lines, constructing hubs and creating software protocols to establish connectivity through these "firewalls" in order to securely deliver data and execute transactions for our clients.