Paul Saltzman, COO of eSpeed, Inc., Appointed Secretary and Treasurer of The Institute for Financial Markets
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Paul Saltzman, Chief Operating Officer of eSpeed, Inc. (NASDAQ: ESPD), a
leading developer of electronic marketplaces and trading technology for
the global capital markets, has been appointed Secretary and Treasurer
for The Institute for Financial Markets (IFM) where he already sits on
the board of trustees.
The IFM, an affiliate of the Futures Industry Association (FIA),
develops products and services directed to industry professionals,
market users, journalists, academics, and those who shape and implement
public policy for the financial services industry. The IFM strives to
promote professional knowledge, judgment, and integrity by providing
research, educational resources and training to anyone with an interest
in the workings of the financial markets. The IFM is located in
Washington, DC and also publishes a financial journal quarterly, Review
of Financial Markets.
Peter F. Borish, Chairman of The Institute for Financial Markets said, "We
are pleased that Paul has accepted this position as Secretary and
Treasurer. He has been an integral member of the board of trustees and I
am pleased to work closely with him as an officer.”
Paul Saltzman said, "As a long time member of
The Institute for Financial Markets, I am delighted to be a part of such
an exceptional organization, and to be able to serve the financial
marketplace in this way is very rewarding. I look forward to my tenure
as Secretary and Treasurer of the IFM, and in our continued efforts to
provide education and research to everyone with an interest in keeping
the financial marketplace efficient and effective.” 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 the 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.
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.
