eSpeed and EasyScreen Sign Licensing Agreement.

Business Editors

LONDON & NEW YORK--(BUSINESS WIRE)--March 14, 2001

eSpeed Gains Fully Electronic Access to Nine Derivatives Exchanges

EasyScreen Expands Distribution and Enhances Revenue

EasyScreen plc ("EasyScreen"), which designs and markets innovative software for electronic trading, has signed a licensing agreement with eSpeed, Inc., (Nasdaq: ESPD) a leading provider of business-to-business (B2B) electronic marketplace solutions. The agreement expands EasyScreen's distribution across eSpeed's global private network and gives authorised eSpeed(SM) users electronic access to a number of major derivatives exchanges, including LIFFE, a/c/e, CME, ADX, SFE, SGX, MONEP, EUREX and MATIF, from the eSpeed platform.

Under the terms of the agreement, EasyScreen enables eSpeed to connect its proprietary front-end platform to these derivatives exchanges in return for the payment of a one-off licensing fee, as well as annual maintenance and support fees. EasyScreen will also develop its front-end trading software to interface with the Cantor Exchange ("CX"), the first fully electronic futures exchange in the United States. The Cantor Exchange combines the regulatory and clearing expertise of the NYBOT with the technological leadership of eSpeed, Inc., which operates the Cantor Exchange.

eSpeed has agreed to promote EasyScreen's leading trading functionality to eSpeed customers at major wholesale financial institutions as a premium, value-added product for trading on the Cantor Exchange and other exchanges.

Philip Docker, Chairman of EasyScreen, commented, "We have developed robust software for dealing on electronic derivatives exchanges and are now expanding our product base. Our agreement with eSpeed enables us to roll-out our Internet-based products much faster and is particularly significant because it will give EasyScreen exposure to eSpeed's established and expanding user-base and to the Cantor Exchange."

Frederick T. Varacchi, President of eSpeed, said, "eSpeed is currently used extensively for basis trading and with this direct electronic link to the derivatives exchanges, our users will be able to trade futures in addition to bonds, basis and other derivatives products directly through eSpeed. Our customers will shortly be able to use their current eSpeed front-end to gain increased access to some of the largest derivatives exchanges in the world."

Upon payment of the lisence fee, EasyScreen will grant eSpeed warrants to subscribe for a maximum of 500,000 EasyScreen ordinary shares at a price of 50p and 500,000 EasyScreen ordinary shares at a price of (pound)1, all such warrants to be exercisable for a five-year period from the date of grant.

About EasyScreen

EasyScreen designs and markets innovative software to financial institutions for trading on electronic derivatives exchanges. EasyScreen is the leading supplier to the LIFFE market and offers connectivity to all the major derivative exchanges. It has offices in London, Chicago, New York, Sydney and Singapore.

EasyScreen, was one of the first companies to join, on listing, techMARK, the London Stock Exchange's new index for technology companies. Its current market capitalization is approximately (pound)20.6 million.

Further information is available on www.easyscreen.com.

About eSpeed

eSpeed, Inc. operates multiple buyer/multiple seller real-time B2B electronic marketplaces. eSpeed's suite of marketplace tools provides end-to-end transaction solutions for the purchase and sale of financial and non-financial products via the Internet or over eSpeed's global private network. eSpeed currently provides the marketplace infrastructure for more than 40 financial and non-financial instruments, including most of the world's fixed income marketplaces. eSpeed transacts over $150 billion of financial instruments daily and is headquartered in New York City.

About the Cantor Exchange

The Cantor Exchange is a joint venture between eSpeed and the New York Board of Trade (NYBOT), combining the regulatory and clearing expertise of the NYBOT with the technological leadership of eSpeed, Inc. The organisations work together to bring innovation to the futures marketplaces. The Cantor Exchange is regulated by the Commodities Futures Trading Commission (CFTC) and outside the United States is currently recognised and/or authorised as a foreign exchange in the United Kingdom, Denmark, Finland, France, Hong Kong, Italy, Ireland, Japan, Norway, Portugal and Germany. Authorisation in additional markets is pending.

Statements contained in this Press Release which are not historical facts are forward-looking statements, as the term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated due to a number of factors, which include, but are not limited to: the limited operating history of eSpeed, Inc., its expected incurrence of future losses and negative cash flow from operations for the foreseeable future, its ability to enter into marketing and strategic alliances, to effectively manage its growth, to expand the use of its electronic systems, and to induce customers to use its marketplaces and services and other factors that are discussed in eSpeed's Annual Report on Form 10-K filed with the Securities and Exchange Commission.

Editors Note:

a/c/e - alliance/cbot/eurex ADX - Australian Derivatives Exchange CME - Chicago Mercantile Exchange EUREX - European Exchange LIFFE - London International Financial Futures and Options Exchange MATIF - Marche A Terme d'Instruments Financiers MONEP - Le Marche des Options Negociables de Paris NYBOT - New York Board of Trade SFE - Sydney Futures Exchange SGX - Singapore Exchange