Fimat Canada Launches Inter-Dealer Brokerage Business

TORONTO - April 26, 2005 - Fimat Canada Inc. today announced the launch of its Toronto Capital Markets Group (TCMG), an Inter-Dealer Brokerage (IBD) business. Fimat Canada Inc. is part of the Fimat Group, one the world's leading global brokerage organizations and part of Société Générale Group.

Fimat’s TCMG will focus on Government Bonds, Swaps, Forward Rate Agreements (FRAs), Repos and Futures and Options. The Group will engage in OTC derivatives and repo name give-up business and will also be able to act as principal for cash trades to serve the Canadian dealer community.

"Our Inter-Dealer Brokerage operation will further broaden the suite of products and services that we are able to offer market participants," said Jean-Pierre Gallardo, CEO of Fimat Canada Inc. "Fimat Canada continues the expansion of our business lines into new asset classes as we anticipate and respond to the needs of our clients – in this case, the Canadian dealer community."

Fimat’s TCMG is headed by Tim Anastakis. Mr. Anastakis has over 17 years of trading and brokerage experience in Canadian fixed income and derivatives markets and is joined by Jerry Summers with eight years of government bond broking, fixed income and futures trading experience; David Whealy with over 20 years of trading and brokerage experience; Stacy Hart who has over 20 years of knowledge in the repo market; and Michael Doane who joined with over 10 years of government bond brokering experience.

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