Belzberg Technologies Selects LavaFX Product Suite; Integrated System Will Provide Premier Foreign Exchange Trading to Extensive Equity Client Base.

TORONTO and NEW YORK -- Belzberg Technologies Inc. (TSX:BLZ), a leading provider of technology-based equity and options trading, and Lava Trading Inc., the innovative technology firm that develops high-performance trading solutions for the financial services industry, today announced that Belzberg has selected the LavaFX(TM) product suite to provide foreign exchange trading services to Belzberg clients. LavaFX will be fully integrated with the Belzberg trading system, providing customers with online spot-trading in multiple currencies and cost efficient hedging in combination with cross-border equities, options and futures trades.

Built upon Lava's leading, proprietary technology core, LavaFX provides a premier offering in electronic foreign exchange trading. It offers a Central Limit Order Book of live dealable prices, full price transparency and depth of book, and the ability to place bids and offers, together with Lava's sophisticated order types. The system aggregates multiple sources of FX liquidity into a single access point, which can be tapped via the fast, intuitive LavaFX user interface, or through a FIX API.

"LavaFX is the perfect complement to our order execution system," said Sid Belzberg, Chief Executive Officer, Belzberg Technologies. "As Canada's premiere provider of electronic cross-border trade execution, we are thrilled to offer our customers instant electronic FX trading with the tight spreads, pricing transparency, and aggregation of disparate liquidity sources that electronic trading demands. This partnership allows traders of inter-listed stocks to focus on trading rather than Forex slippage."

Belzberg's client base includes over 200 leading Canadian, U.S and international brokerage houses and financial institutions. As a dominant player in Canada, the company serves major banks, and has successfully penetrated U.S. and international markets with prestigious clients.

"We are excited to partner with Belzberg and help the company bring industry-leading e-FX technology to its extensive equity client base," said David Ogg, Chief Executive Officer, LavaFX. "Belzberg's expansion into foreign exchange is indicative of the growing demand for electronic FX trading. By leveraging Lava's fast, reliable and intelligent FX solutions, Belzberg will be able to offer clients increased trading efficiency, along with greater pricing transparency, liquidity and aggregation of disparate FX execution venues."

About Belzberg Technologies

Belzberg Technologies provides technology based brokerage services for financial institutions in the United States, Canada and Europe. The company owns an agency-only broker-dealer in the United States that allows the company to execute equities and option trades for Belzberg's customers. Using Belzberg's suite of patented integrated trading tools and network connectivity, Belzberg's customers have direct access to all North American equities and options markets, as well as major European stock exchanges. The firm's client-base includes over 200 leading U.S and international brokerage houses and financial institutions. Belzberg Technologies is listed on the Toronto Stock Exchange (Ticker-BLZ) additional information is available at www.belzberg.com.

About Lava Trading Inc.

Headquartered in New York City, with locations in California, Connecticut and the United Kingdom, Lava Trading Inc. is an innovative technology firm that develops high-performance trading solutions for the financial services industry. Lava products are created as true ASP solutions built to withstand maximum volumes in the most volatile conditions. As a cost effective and neutral provider, Lava's OTC, Listed and Foreign Exchange solutions are used by leading broker/dealers, including most of the top U.S. investment banks, as well as market makers, hedge funds and institutional investors. With its patented technology and capital markets expertise, Lava creates value-added trading solutions that combine speed, intelligence and reliability. Lava is a wholly owned, independently-operated subsidiary of Citigroup, Inc. (NYSE: C) and member NASD/SIPC. For more information, visit www.lavatrading.com.

Except for historical information contained herein, the matters discussed in this press release are based on forward-looking statements that involve risk and uncertainty. A variety of important factors could cause results to differ materially from such statements, including but not limited to economic, competitive, governmental and technological factors affecting the company's operation, markets, products, prices and other factors.