Industry Veteran Joins eSpeed Management Team
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eSpeed, Inc. (NASDAQ: ESPD), a leading developer of electronic
marketplaces and related trading technology for the global capital
markets, announced that Mark Ficke has joined the firm as Senior
Managing Director, Fixed Income Electronic Brokerage. Mr. Ficke, who
will be based in the firm’s New York offices,
brings over 20 years experience in the fixed income markets, including
senior fixed income trading and management positions with BNP Paribas
and Morgan Stanley.
Paul Saltzman, Chief Operating Officer of eSpeed, said "We’re
extremely pleased that a professional of Mark’s
caliber is joining our management team. His depth of experience and
scope of responsibilities on the US Treasury Desks of some of the world’s
leading trading houses have provided him with unique insight about what
our customers need and want. With Mark on board, eSpeed has a tremendous
opportunity to leverage his trader’s
perspective, knowledge of the marketplace, and extensive client
relationships as we continue to grow our fixed income electronic trading
business.”
Mr. Ficke will report directly to Mr. Saltzman, along with senior
technology professional Joe Noviello, eSpeed’s
Chief Product Architect, as part of the management team for eSpeed’s
fixed income electronic brokerage business. David Hall, Global Head of
Futures Sales, and Christopher Pepe and Patrick Troy, co-heads of Fixed
Income Sales, will report to Mr. Ficke.
Mr. Ficke said, "As a bond trader, I’ve
always been immensely impressed with eSpeed’s
pioneering technology and admired its continuous focus on, and
unwavering commitment to, maintaining strong client relationships and
emphasis on excellence in client service. I look forward to joining
Paul, Joe, and the rest of the team as we further grow eSpeed’s
government bond business and extend our products and services into other
asset classes.”
Mr. Ficke received a BS in economics from Rutgers University Cook
College. He is active in several professional and community
organizations, including the Securities Industry and Financial Markets
Association (SIFMA) Primary Dealers Committee, and the Delbarton Fathers
and Friends.
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 a 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 position, 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, 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.
