Peter Lewis Joins Tora Trading Services as Managing Director

Business Wire,  July 14, 2008  

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Veteran Citi Global Markets Executive to Head New York Office

NEW YORK -- Tora Trading Services www.toratrading.com, the leading electronic trading platform and liquidity provider for Asia, announced today that it has appointed Peter Lewis Managing Director of Tora's New York office. Lewis will lead the Tora team that will enable U.S.-based buy-side firms to take advantage of the TORA Trading Platform, which provides DMA access and liquidity in 24 markets through 75 brokers, and over 150 algorithmic trading strategies.

"Peter is an experienced and accomplished international equities trading executive who perfectly complements our management teams in San Francisco, Tokyo and Hong Kong and brings to Tora exactly the kind of business acumen we need to serve our growing New York and North American client base," said Robert Dykes, Tora Trading Services CEO. "Peter's deep knowledge of electronic and algorithmic trading of international equities and derivatives is a perfect fit for Tora's needs. I look forward to working with Peter as we grow our business in New York."

Lewis joins Tora after a 22 year career at Citi Global Markets where he founded and then managed the New York desk for international equity program trading. He also co-managed the U.S. alternative execution group, and served as a Managing Director of Electronic Execution Sales. While managing the Alternative Execution Group, Lewis co-managed Citi's acquisitions of the Lava Trading Platform and Best Execution Consulting Services (BECS), as well as hiring and managing Citi's algorithmic trading engineering team.

"I am excited to be joining Tora at such an important moment in the development of electronic and program trading in Asia," said Lewis. "The major Asian markets are now collectively larger than Nasdaq in trading volume, and the TORA Trading Platform is the clear leader for trading Asia. I look forward to working with the U.S. buy-side community to gain access to the same edge that over 45 Asia based buy-side firms currently enjoy by using the TORA Trading Platform for their trading operations."

About Tora Trading Services

Founded in 2004, Tora Trading Services (www.toratrading.com) is the recognized leader in electronic trading systems and access to liquidity for Asia. The TORA Trading Platform is the most comprehensive multi-broker electronic trading platform focused on Asia with 75 brokers, 24 markets, 14 countries, and over 150 algorithmic trading strategies to trade equities, stock futures and options, index futures and options, warrants, convertible bonds, swaps and other synthetics, all on one platform. Over U.S.$25 Billion in transactions are processed each month through the TORA Trading Platform, including over 25% of all electronic trading on the Tokyo Stock Exchange. The TORA Trading Platform is provided in an application service provider (ASP) model, and requires no IT infrastructure or staff at the customer site. Tora has over 100 employees dedicated to Asia, with primary, state of the art data centers in Tokyo and Hong Kong, providing 99.99% up time. The TORA Trading Platform was designed with local primary data centers in Asia to provide scalability with low latency and high reliability across multiple markets. The TORA Trading Platform integrates with a full complement of third-party and proprietary order management, portfolio management, risk, accounting and other back-office and compliance systems. Tora Trading Services has offices in Tokyo, Hong Kong, Singapore, San Francisco, and New York. For more information, please visit www.toratrading.com. Photo of Peter Lewis available on request.

Tora Trading Services and the Tora logo are trademarks or registered trademarks of Tora Trading Services in the United States and other countries. All other trademarks are the property of their respective owners.

Copyright [c] 2008. Tora Trading Services. All rights reserved.

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