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Lava Adds Significant Bench Strength to Sellside Business.

Industry Veterans Join Equities Sales Team

NEW YORK -- Lava Trading Inc., the innovative technology firm that develops high-performance trading solutions for the financial services industry, today announced that Matthew Weiss and Robert Williamson have joined the firm's sellside management team. Mr. Weiss and Mr. Williamson will both have the title of Vice President of Sellside Equities Sales.

"We are pleased to welcome these two industry veterans to our team," said Jim Weber, Managing Director, Lava Trading. "They will be instrumental in driving our sellside offerings and reinforcing our strong position in the marketplace."

Mr. Weiss joins Lava from NYSE Group, where he was a director in the Global Client Group covering broker dealers in US equities. Mr. Weiss joined NYSE Group following its merger with Archipelago Holdings, where he served nearly seven years in multiple capacities. In his most recent position as a senior sales representative, Mr. Weiss was responsible for covering broker dealers for US equities executions and aiding in the sales and marketing of NYSE Group's options and bond initiative. In addition, Mr. Weiss led the sales initiative for the Archipelago ATS, handling bulletin board trades. Prior to this role, he spent two years on the trading desk.

Mr. Williamson joins Lava from AFA, Inc. where he served as vice president of broker dealer sales. Previously, Mr. Williamson spent 12 years at NYFIX, contributing significantly to the company's growth. In his role as senior vice president of sales, Mr. Williamson was responsible for the firm's core products group, including new business development, relationship management and client retention. Prior to NYFIX, Mr. Williamson held sales positions at Comverse and VBAND.

"Matt and Bob bring significant strength and add depth to our sellside sales team," said Jack Kindregan, Director, Sellside Equities Sales, Lava Trading. "These strategic hires demonstrate our ongoing commitment to providing the highest quality products and superior service to the sellside."

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 subsidiary of Citigroup, Inc. (NYSE: C) and member NASD/SIPC. For more information, visit www.lavatrading.com.
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Publication:Business Wire
Date:Nov 30, 2006
Words:445
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