TradeStream Global Completes Integration with ESP's Global DMA Network and EARN(TM) Strategy Portal.

NEW YORK -- Electronic Specialist, LLC (ESP) announced today that TradeStream Global has completed the integration of its advanced trading application with ESP's Global Direct Market Access Network and Electronic Algorithm Routing Network (EARN(TM)), which provides buy-side institutions with access to more than 75 algorithms, crossing networks, exchanges and ECNs, on either an anonymous or fully-attributed basis, through one seamless gateway.

ESP's Global DMA Network provides broker-neutral, high speed access to the US equities, options and futures exchanges and ECNs, while ESP's EARN(TM) portal features such strategies as VWAP, TWAP, Volume Participation, Implementation Shortfall, Smart Order Routing, Pairs Trading, and a variety of other algorithmic strategies that are unique to each of the 15 participating brokers on the Portal.

"Now buy-side institutions can benefit from using TradeStream's state of the art trading tools in conjunction with ESP's broad access to brokers, exchanges, crossing networks and algorithms in order to meet their best execution requirements," said Scott Kurland, senior managing director of Electronic Specialist. "We've heard very positive feedback from the marketplace as to TradeStream's capabilities, and are impressed with the functionality and flexibility it can offer clients."

TradeStream Global offers scalable and reliable technology that supports multi asset trading across global markets. The advanced order entry tools, order management tools, multiple language versions together with algorithmic trading support continue to keep TradeStream Global at the forefront with other global trading technologies. TradeStream Global's extensive suites of trading and administration platforms are used by customers globally to access the markets.

"ESP provides TradeStream Global with an excellent opportunity to extend the user base of our broker neutral platform, providing clients with the ability to access a wide range of broker algorithms seamlessly," said John Logan, senior vice president, TradeStream Global.

ESP's EARN(TM) Portal also allows institutions to be anonymous or attributed when sending large order blocks or lists to multiple algorithms and crossing networks. When used in conjunction with TradeStream's system, clients can minimize market impact and manage performance against a benchmark, by spreading orders simultaneously across a number of providers, execution venues, and algorithms.

One of the major benefits that ESP provides is centralized clearing, settlement and delivery across all market destinations, crossing networks, and algorithms, so TradeStream Global users get the added benefit of having all of their trade executions aggregated and then delivered as a single or allocated block trade.

About ESP

Electronic Specialist, LLC is a New York-based technology firm and registered broker-dealer and NASD and NFA member. ESP provides high-speed direct market access execution capabilities in US and global equities, options, and futures to buy and sell-side clients. ESP's client base includes hedge funds, pension funds, mutual funds, investment managers, and broker-dealers. There are over 22 trading application providers integrated with ESP's Global DMA network. For more information, please visit www.fastesp.com.