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Leading Financial Services IT Professional Joins eSpeed - Yevette Tierney Named Chief Information Officer

Date 21/02/2007

eSpeed, Inc. (NASDAQ: ESPD), a leading developer of electronic marketplaces and related trading technology for the global capital markets, announced that Yevette Tierney has joined the firm as Chief Information Officer. Based in eSpeed’s New York offices, Ms. Tierney reports directly to Howard W. Lutnick, Chairman, Chief Executive Officer and President of eSpeed.

Mr. Lutnick said, “The combination of eSpeed’s innovative, proprietary trading technology and Yevette’s deep experience in product development and infrastructure management will be an important driver in eSpeed’s ability to anticipate and meet our clients’ electronic trading requirements.”

Paul Saltzman, eSpeed’s Chief Operating Officer added, “We’re extremely pleased that a professional of Yevette’s caliber has joined our team. She has exceptional insight about what our customers need and want, and equally important, shares our commitment to excellence in client service.”

Ms. Tierney said, “I’ve always been immensely impressed with eSpeed’s pioneering technology and definitive portfolio of tools serving the global capital markets. I look forward to working with Howard, Paul, and the other members of our team as we further grow eSpeed’s government bond business and continue to extend our products and services into other asset classes.”

Ms. Tierney previously held global product development, infrastructure, client service and operations management positions at Bloomberg, reporting directly to the CEO. She was responsible for software development of systems, applications, and the technology platform of Bloomberg television, radio, and multi-media services. Ms. Tierney received a B. Eng. degree in electrical engineering and a master’s in information systems from Stevens Institute of Technology.

About eSpeed, Inc.
eSpeed, Inc. (NASDAQ: ESPD) is a leader in developing and deploying electronic marketplaces and related trading technology that offer traders access to the most liquid, efficient and neutral financial markets in the world. eSpeed operates multiple buyer, multiple seller real-time electronic marketplaces for the global capital markets, including the world's largest government bond markets and other fixed income and foreign exchange marketplaces. eSpeed's suite of marketplace tools provides end-to-end transaction solutions for the purchase and sale of financial products over eSpeed's global private network or via the Internet. eSpeed's neutral platform, reliable network, straight-through processing and superior products make it the trusted source for electronic trading at the world's largest fixed income and foreign exchange trading firms and major exchanges. To learn more, please visit www.espeed.com.