TradeWeb names Jack Mahoney Director of Research and Marketing

Role Will Include Development of New Value-Added Information Services 

JERSEY CITY, NJ (March 10, 2003) -- TradeWeb, the leader in online fixed-income trading, today announced that Jack Mahoney has joined the firm as Director of Research and Marketing. Mr. Mahoney joins TradeWeb from Greenwich Associates where he was a managing director in the firm's fixed-income, foreign exchange and derivatives consulting practice.

The addition of Mr. Mahoney at a time when demand for TradeWeb's services is surging is a significant step in the company's strategy to extend its global leadership position in fixed-income e-commerce to include other services that are crucial to the trading process. As investment managers and fixed-income dealers increase their daily use of TradeWeb, there is growing demand for quantitative analysis of the value created by TradeWeb's improved price transparency and increased operational efficiency. Mr. Mahoney will spearhead TradeWeb's response to this growing client demand through his leadership of a major company initiative to develop a new series of statistical reports and analytical-based services. He will also manage TradeWeb's U.S. marketing communications and public relations activities.

"We are very excited to have Jack as a member of TradeWeb's management team. With his fixed-income experience and consulting background, he brings valuable insights into the changing dynamics of the bond markets, and more broadly the capital markets," said Jim Toffey, CEO of TradeWeb. "As TradeWeb expands its franchise, Jack will play a key role in developing value-added services for our clients, and increasing awareness of the value of e-commerce in the fixed-income markets."

Mr. Mahoney said, "During my tenure at Greenwich Associates, I closely followed and consulted on the trends in the fixed-income markets. I was consistently impressed with TradeWeb and its impact on the marketplace. With TradeWeb's leadership, the fixed-income markets are very different today than they were just a few years ago. I am very excited to join the TradeWeb team, which has consistently demonstrated its commitment to meeting its customers' needs and generating greater market efficiency."

While at Greenwich Associates, Mr. Mahoney provided strategic advice to many of Wall Street's leading dealers and investment managers around the globe. Drawing on extensive research about the buy-side, he developed expertise on the relationship dynamics between buyers and sellers of financial services. In addition to his consulting activities, Mr. Mahoney was also responsible for developing and managing Greenwich Associates' buy-side services franchise - an analytical research publishing business.

Prior to joining Greenwich Associates, Mr. Mahoney spent nearly a decade at PaineWebber, principally in its institutional fixed-income division. His specialization was in mortgage-backed securities research and sales.

About TradeWeb

TradeWeb is the leader in online fixed-income trading with more than 3 million trades executed and total volume exceeding $21 trillion since its inception in 1998. TradeWeb's multi-dealer auction model links 20 of the world's leading dealers of fixed-income securities with more than 1,400 buy-side institutions in North America and Europe.

The company is also a leader in electronic "straight-through processing" of fixed-income trades, providing dealers and buy-side institutions with paperless trade allocations and confirmations on its fully integrated TradeXpress network.

For more information about TradeWeb products and services, please visit the company's website at www.tradeweb.com or contact Mark Semer at Kekst and Company at 212-521-4802 or Helena Rowe, TradeWeb, Europe, +44 (0) 20 7776 3263.