CHICAGO and LONDON, November 7 /PRNewswire/ --

- Direct market access to Pan-European equities markets now available 
through Townsend's RealTick EMS

Townsend Analytics (http://www.townsendanalytics.com), a leading provider
of multi-broker, multi-asset, multi-region, and multi-route electronic
trading solutions for the global capital markets, has added international
banking leader BNP Paribas to its global multi-broker network.

Clients of both firms are now able to route European equities orders to
BNP Paribas for execution through Townsend's RealTick(R) 
(http://www.realtick.com) execution management system (EMS).

"As electronic trading continues to grow globally, our clients want high
performance trading solutions that can be customized to meet their ever
increasing sophisticated needs across the global equity markets," comments
Matthew Carr, BNP Paribas Managing Director, Head of Institutional Equities.
"The addition of Townsend's RealTick EMS to our expansive Direct Market
Access deployment provides the full-featured functionality and scalability
that our clients expect and demand from BNP Paribas," he adds.

"BNP Paribas is a major global financial services institution with a
presence in more than 85 countries, so we are pleased to add them to our
global multi-broker network," states Rustam Lam, Executive Director for
Townsend Analytics. "The ability to route orders directly from RealTick to
such major market participants gives RealTick users a key advantage in the
capital markets, and brokers access to institutions in a true multi-broker
environment," he adds.

BNP Paribas joins other recent additions to Townsend's global
multi-broker network, including BNY ConvergEx, Credit Suisse, HSBC, Instinet,
Merrill Lynch and UBS.

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.

-- RealTick is a registered trademark of Townsend Analytics, Ltd.

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. For more
information, visit http://www.taltrade.com.

About BNP Paribas

BNP Paribas (http://www.bnpparibas.com) is a European leader in global
banking and financial services and is one of the 5 strongest banks in the
world according to Standard & Poor's. The group is present in over 85
countries, with 155,000 employees. The group holds key positions in three
major segments: Corporate and Investment Banking, Asset Management & Services
and Retail Banking. Present throughout Europe in all of its business lines,
the bank's two domestic markets in retail banking are France and Italy. BNP
Paribas also has a significant presence in the United States and strong
positions in Asia and the emerging markets

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