Nick Garrow joins Calyon Financial as Head of U.K. eBrokerage Sales

Chicago, IL and London September 1, 2005 -Calyon Financial is pleased to announce the hiring of Nick Garrow as Head of eBrokerage Sales for London. Garrow was most recently the Director for Product Management and European Sales for Patsystems, a publicly traded company that supplies high performance trading technology to the derivatives community. Calyon Financial has been a long-term partner of Patsystems, distributing Patsystems’ trading and order routing software to its clients.

Richard Ferina, Chairman and CEO of Calyon Financial, said, "The addition of Nick to our expanding eBrokerage sales team will vastly enhance our capabilities both in Europe and globally. I’m excited to bring on board one of the most well known experts in this business. With Nick’s experience at Patsystems and our recent strategic hires from Trading Technologies and GLTrade, we will be able to extend our best of breed eBrokerage offering in terms of technology, support and customer solutions into our existing product catalogue as well as new markets."

Garrow has over 12 years of experience in the derivatives and equities markets. Before joining Patsystems in 2000, he spent six years at the French Stock Exchange and the MATIF where he was responsible for expanding the electronic trading membership in Europe. Garrow is highly regarded within the global financial services community for his broad knowledge and his ability to propose innovative solutions to clients.

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