Island ECN Selects Radianz for Network Services

Business Wire, June 26, 2001

Business/Technology Editors

NEW YORK--(BUSINESS WIRE)--June 26, 2001

Radianz today announced that The Island ECN Inc. has selected it to provide financial professionals worldwide with access to The Island ECN.

The agreement adds one of the most liquid electronic communication networks (ECN) to Radianz's global financial community. This will increase the number of participants in the equities segment of the financial industry who are conducting trades over Radianz's global financial extranet, RadianzNet.

"Island is a pioneer in delivering the enormous advantages of electronic trading to the financial community," said Kevin Formby, Radianz's vice president and head of sales in the Americas. "We are pleased Island will now be able to take advantage of RadianzNet's secure Internet Protocol-based infrastructure," Formby added.

Island's Chief Technology Officer William Sterling said, "Radianz's extranet will enable Island to quickly connect with a larger global community of financial professionals. We look forward to working with Radianz to offer superior service to Island's subscribers."

About Radianz

Radianz is an independent company with the world's largest Internet Protocol (IP)-based network for the global financial services industry. The company uses its network to provide superior IP connectivity and services designed to meet the demands of professionals in the finance community. Radianz was established by Reuters (RTR.L) and Equant (NYSE: ENT) (Euronext Paris: EQU).

Radianz and the lighthouse logo are trademarks of the Radianz group of companies.

About The Island ECN

Island was founded approximately four-and-a-half years ago with the intent of providing all market participants - from individual investors to large financial institutions - with the ability to execute transactions on a level playing field, at an extremely low cost and without the presence of intermediaries. In 2000, Island matched 54 billion shares worth over $3 trillion. In the first quarter of this year, Island matched 23 billion shares. Visit Island at www.island.com.