Barbara Dye Joins Embarcadero Securities.

Business Editors

NEW YORK--(BUSINESS WIRE)--March 11, 2002

Embarcadero Securities, LLC, a brokerage firm serving hedge funds and institutions, today announced that Barbara Dye has joined its institutional sales group.

"Embarcadero's mission is to be the most responsive, service oriented brokerage firm serving hedge funds and institutions. Barbara Dye is one of the leading sales professionals in the industry and her decision to join us validates our approach and greatly strengthens our team," said Matt Michelsen, CEO of Embarcadero Securities.

"Hedge funds and large institutional traders are very demanding; they need leading technology, high quality execution and value-added services. I'm joining Embarcadero because of their responsiveness to the clients that I serve," said Barbara Dye.

Before joining Embarcadero, Ms. Dye was an institutional sales person with Donaldson and Company.

About Embarcadero Securities, LLC

Embarcadero Securities is an institutionally focused, agency only brokerage firm that provides electronic trade execution, block desk agency execution, commission rebate programs, institutional research, and investment advisory services. The company has offices in New York, New York, Greenwich, Connecticut, and La Jolla, California, and executes approximately 150 million shares per month.