Boston, Massachusetts - June 1, 2005 - IMTRADER, the premier AIM-certified trading and communication platform, announced the launch of the IMTRADER Network and the latest upgrade to its core application, IMTRADER 3.0. The IMTRADER Network provides enhanced communications, research distribution and electronic trading among the buy side and sell side member users. IMTRADER is certified by AOL Instant Messenger (AIM) and is powered by Pivot Solutions. The IMTRADER 3.0 Network enables buy side firms to simultaneously access multiple sell side member firms; it features trading enhancements to the product's AIM to FIX connectivity, and offers access to a sell side firm's research library using AIM. The network provides an environment where both the buy and sell side can trade, communicate and access research among members. The buy side can connect to all brokers on the network, or request the addition of their preferred brokers via the network. Brokers have access to a robust buy side network and can provide enhanced trading and research tools that saves time and money. IMTRADER clients estimate that due to increased efficiency of their IM communications, they save approximately an hour daily by streamlining their IM experience and integrating IM with their daily workflows and systems.

"As the communication channels between buy side and sell side traders grows ever more important, traders are looking to streamline the flow of information that crosses their desks", states Furqan Nazeeri, CEO of Pivot Solutions. "The IMTRADER Network provides the institutional community with a dynamic set of tools that empower them to communicate, trade, and obtain research on demand." As members of the network, buy side traders can now gain even tighter sell-side communications and trading integration with new IMTRADER features, allowing them to streamline their workflow and focus on their core business of achieving efficient best execution. IMTRADER offers enhanced trade allocations, more execution options, improved end-of day-reporting and private internal chat rooms. The research feature of the network, allows sell side to predetermine client interest, then distribute research to clients by ticker, analyst, sector or news with links to complete articles, reports and additional information.

"The IMTRADER Network offers new functionality and a new distribution channel that fully supports our business model", explains Ken Dengler, Senior Executive Vice President, Head of Sales and Trading, Soleil Securities. "The enhanced research distribution features have streamlined how we distribute research to our buy side clients. It differentiates us in the marketplace while better servicing our customers." IMTRADER 3.0 also offers the product as a hosted, cost-effective solution for buy side firms, providing the ability to greatly increase their IM efficiency and AIM experience.