Jefferies to Use Townsend's RealTick EMS to Enhance JETS Offering

CHICAGO, January 25 /PRNewswire/ --

Townsend Analytics (http://www.taltrade.com) today announced at the Security Traders Association of Chicago Mid-Winter meeting, a strategic alliance with Jefferies & Company, Inc., a leading investment bank and institutional securities firm, to offer Townsend's RealTick(R) (http://www.realtick.com) electronic trade Execution Management System (EMS) to Jefferies' Electronic Trading, Algorithmic and Prime Brokerage customers.

Townsend's global EMS will serve as the trading front end for Jefferies' high performance JETS (Jefferies Electronic Trading Solutions) product and Jefferies Quantitative Execution Strategy (QES) algorithms.

"The addition of Townsend's RealTick EMS is very complementary to our suite of proprietary algorithmic trading strategies with cutting-edge small and mid-cap features and enhances our trading capabilities," commented Ross Stevens, Co-Head of Equity Products at Jefferies & Company, Inc. "As a leading provider of liquidity and execution in small and mid-cap securities for a global clientele, we seek to offer world-class trading tools to our customers while maximizing execution opportunities and controlling risk."

"We are delighted that Jefferies has chosen Townsend Analytics as a strategic partner in their effort to build out their electronic trading solutions," states Townsend Analytics CEO Jeff Wecker. "As a global, multi-broker, multi-asset class and multi-route EMS solution, RealTick is positioned to help Jefferies deliver unsurpassed trade execution capabilities to their clients and a scalable platform for the future," Wecker affirms.

As an integral part of Jefferies' electronic trading offerings, RealTick's functionality allows JETS users to easily employ a wide variety of complex direct market access and algorithmic trading strategies. Jefferies Quantitative Execution Strategies algorithms offered through JETS front end provide greater order control and flexibility, and include VWAP, Volume Participation, TWAP, Strike, Seek, Post, Impact Management Server (IMS), Corporate Buyback, Pairs Trading, and Custom Trading Strategies.

Specialty RealTick order types accessible from the JETS trading front end, including conditional, reserve, discretionary, pegged, stop and seamlessly integrated worked orders, allow Jefferies' customers to fully control and manage their trading, lessen the market impact of a trade, and preserve anonymity. RealTick also provides JETS users with access to real-time market data, full depth of book quote display from major global liquidity sources, advanced content, analytical capabilities, and risk and account-management functions.

About Townsend Analytics

Townsend Analytics has been changing the way the world trades since 1985. The Chicago-based company created many technology innovations that are now considered standards in the financial services industry. These include the first real-time financial software under Microsoft Windows(R); the first product to provide real-time streaming data over the Internet; the first integrated solution for Nasdaq trading rooms; and the first Windows-based direct-access trading solution. Townsend Analytics also developed Archipelago and the Archipelago Exchange, the nation's first all-electronic, fully open exchange. The firm has engineered direct-access solutions for money managers, asset managers, hedge funds and mutual funds worldwide. The firm's four main lines of business include Trading Services, Content Services, Exchange Services, and Risk Management Services. Townsend Analytics, Ltd. is a wholly owned, independently-operated subsidiary of Lehman Brothers (NYSE: LEH). For more information, visit http://www.taltrade.com.

About RealTick

RealTick, created by Townsend Analytics, is the electronic trading industry's premier multi-asset, multi-broker, and multi-route direct-access trading platform. RealTick delivers real-time market data, news and analytics; sophisticated trading tools; unrivaled access to brokers, exchanges and ECNs; and risk management tools to institutions, broker-dealers and individual investors. RealTick's advanced technical design is supported by state-of-the-art data centers and a redundant network for market data and orders. For more information, visit http://www.realtick.com.

(i)RealTick is a registered trademark of Townsend Analytics, Ltd.

About Jefferies

Jefferies, a global investment bank and institutional securities firm, has served growing and mid-sized companies and their investors for 45 years. Headquartered in New York, with more than 25 offices around the world, Jefferies provides clients with capital markets and financial advisory services, institutional brokerage, securities research and asset management. The firm is a leading provider of trade execution in equity, high yield, convertible and international securities for institutional investors and high net worth individuals. Jefferies & Company, Inc. is the principal operating subsidiary of Jefferies Group, Inc. (NYSE: JEF).

Web site: http://www.taltrade.com http://www.realtick.com