Press Release

Javelin Technologies, Inc. Launches JavTrader(TM) at SIA 2001

Web Front-End Empowers Buy Side with Automation and FIX Connectivity

NEW YORK, June 12 /PRNewswire/ -- Supporting the SIA 2001 theme of ``Delivering Exceptional Financial Services,'' Javelin Technologies Inc. announced today the launch of JavTrader(TM), a web-based, front-end technology that lets traders consolidate orders from their portfolio management system and route them directly to the sell side through an established FIX connection. JavTrader(TM) benefits both the buy and the sell side.

For the buy side, JavTrader(TM) consolidates trade details and automatically routes them to Javelin's service bureau, JavCentral(TM). Because JavCentral(TM) offers instant FIX connectivity, institutions can begin communicating block and single trades to brokers, ECNs and/or Exchanges for best execution without any additional software or hardware implementation.

Because the JavTrader(TM)/JavCentral(TM) connection offers the buy side instant FIX connectivity and more consolidated order flow, broker/dealers quickly gain access to a greater pool of liquidity.

``The industry needs its vendors to create the solutions that will create STP,'' said George Kledaras, Chairman and CEO, Javelin Technologies, Inc. ``Universal trade connectivity is the linchpin for STP and beyond. JavTrader(TM) helps establish STP and sets the stage for a thriving post-STP existence.''

``There are surprisingly few web based, multi-broker, FIX enabled order routing platforms available,'' said Joe Sommer, US Director of Electronic Trading & Connectivity Services for Credit Suisse First Boston. ``JavTrader(TM) and the JavCentral(TM) service bureau will help more investment managers capture the benefits of connectivity and afford brokers the ability to exponentially increase their connected client base. These are important components in preparing for T+1.''

Javelin Technologies, Inc.

Javelin Technologies, Inc., based in New York City, with offices in San Francisco, London and the Philippines, is the leading vendor of electronic trading infrastructure, providing better trading through universal connectivity. Javelin's electronic trading products and solutions power hundreds of clients including Chicago Board Options Exchange (CBOE), Yahoo!, Morgan Stanley Dean Witter, Fidelity Management Research and Instinet. Javelin's innovations have also attracted a growing list of investors including Robertson Stephens, Advent Software, Thomson Financial, Market XT/Tradescape and Investec Ernst. For information on Javelin's electronic trading solutions, visit http://www.javtech.com.