BondDesk Trading Reports Record Transaction Volume Exceeding 1.3 Million Trades for Q1 2008, March Volumes Strongest in Company History.

Trading Platform Sees Q1 Volume Increase of 25 Percent over Q1 2007; March Set Record Transaction Month with 484,000 Trades

NEW YORK -- BondDesk Trading LLC, a leading odd-lot fixed-income electronic trading platform, announced today that the BondDesk Alternative Trading System (ATS) achieved record results in the first quarter of 2008 that represent the highest trading volume in the company's history.

BondDesk Trading posted more than 1.3 million transactions in the first quarter, representing a year to year increase of 25 percent from Q1 07 and continuing the momentum from Q3 and Q4 07.

"We're gratified to know that the BondDesk platform continues to serve the needs of our partners so well, particularly during this period of high market volatility. The robust performance of Municipals, Corporates and CDs reflects the flight to safety that has been foremost on retail investors' minds. Our Muni transaction activities were particularly strong in March when there was a great deal of market focus on the attractiveness of tax exempt municipal securities yields," said BondDesk CEO Peter Crosbie.

March 2008 Sets Record Transaction Month Based on Trades per Day

Transactions in March on the BondDesk platform set a new record at 484,000 trades, an average of more than 24,000 trades per day. Total par value traded reached $45 billion, an average of $2.2 billion per day.

Municipal bonds were overall the best performing asset class for the quarter, driving a record-setting month in March by posting a 73 percent increase over the same period in 2007. Investment-grade corporates also posted strong activity with Q1 08 volumes showing a 17 percent increase over Q4 07 and a 44 percent increase over Q1 07. Also noted, was a strengthening of CDs, offsetting declines in treasuries and agencies.

Significant New Client and Product Pipelines Scheduled For Release Mid Year

BondDesk anticipates significant continued growth through 2008 driven by several significant new client implementations in Q2 08. In addition, the company is in the early phases of expanded distribution of fixed income structured products, through the deployment of an open architecture interdealer platform, which will better service the needs of firms that wish to distribute fixed income products such as reverse convertibles, corporate notes, index linked corporate notes, and index linked CDs to unrelated third-party broker dealers.

About BondDesk

BondDesk Trading LLC, a broker-dealer subsidiary of BondDesk Group, is a leading odd-lot fixed income electronic trading platform and provider of software solutions to the securities industry. The BondDesk Alternative Trading System (ATS), run by BondDesk Trading LLC, connects broker-dealers through a centralized marketplace by offering a diverse pool of liquidity. With over 35,000 live taxable and tax-exempt offerings from over 120 leading dealers, BondDesk executes over 23,000 trades daily. BondDesk has over 130 employees, with key offices in California, Michigan, and New York. In August 2006, Advent International, a leading global private equity firm, acquired a majority interest in BondDesk Group. BondDesk has been named one of "The Fast Five" for growth and ranked #6 in Securities Industry News' SecuritiesTech 50 for 2006. It also achieved "Highest Customer Satisfaction for Trading Platforms" in the 2007 U.S. Tri-State Trading Technology Study, published annually by UK-based Kimsey Consulting. For more information, please visit www.bonddeskgroup.com