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CBOE To Offer Workstation Trading Solution Partners With Belzberg Technologies, Inc. To Provide Electronic Access To U.S. Financial Markets

Date 27/02/2003

The Chicago Board Options Exchange (CBOE) today announced the introduction of the CBOE Hybrid Trading System (HyTS) Terminal, a universal, multifunctional, trading solution workstation. The CBOE HyTS Terminal will provide CBOE customers with electronic access and order routing to U.S. options, futures, and stock exchanges, as well as complete access to market data, streaming quotes and order management all on a single screen. CBOE has signed a Letter of Intent with Belzberg Technolgies, Inc. to provide this exclusive technology initiative.

CBOE HyTS Terminals will be available beginning in March, providing customer access and order entry to all CBOE products. HyTS Terminals will also serve as the main portal to the CBOE Hybrid Trading System when it becomes available this spring.

The CBOE HyTS Terminal will provide "point and click" electronic access to all CBOE equity and index products, and will also offer order routing to, and real-time quotes from, other U.S. options, futures, and stock exchanges. The HyTS Terminal will serve as an order management tool with position monitoring, order status and maintenance, and trade-log capabilities. Additionally, real-time market data, including CBOE "quotes with size" and book-depth will be available.

"The CBOE HyTS Terminal represents a quantum leap in customer service and will open the door to CBOE's next generation trading platform," commented William J. Brodsky, Chairman and CEO, Chicago Board Options Exchange. "HyTS represents a state-of-the-art trading solution that provides a new level of access to the U.S. financial markets."

"We are extremely proud to be entering this partnership with CBOE," said Sidney H. Belzberg, Chairman and CEO of Belzberg Technologies, Inc. "It is a strong endorsement of our technology that the world's largest options exchange selected Belzberg's system to offer to their customers."

CBOE, regulated by the Securities and Exchange Commission SEC, is the creator of listed options, and the world's largest options marketplace. For additional information about the CBOE and its products, visit the CBOE website at www.cboe.com.

Belzberg Technologies provides the software and networks that enable global, direct access routing and execution of trades for financial institutions in the United States, Canada and Europe. Additional information is available at www.belzberg.com.