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FXDirectDealer in the News


NEWS RELEASE

FXDirectDealer, a Tradition Group Company,
Announces Joe Botkier as CEO and Vice Chairman


NEW YORK, May 3, 2004 – FXDirectDealer, a company of the Tradition Group, today announced appointing Joseph Botkier as CEO and Vice Chairman of its retail foreign exchange trading platform.  Mr. Botkier is a respected professional who brings over 25 years of banking and foreign exchange experience to the firm.

Emil Assentato, CEO of Tradition, NA, states, “Joe’s significant experience at major banks and Fortune 500 companies will greatly benefit and strengthen Tradition’s management team. I know his impressive skills at fostering and maintaining long-term relationships in the futures and foreign exchange markets will help take FXDirectDealer to new levels.”

Prior to FXDirectDealer, Mr. Botkier was executive vice president and deputy general manager of Bank Brussels Lambert, New York. In addition, Mr. Botkier was general manager of treasury at Bank Cariplo, and vice president and treasurer at Credito Italiano. He has enjoyed playing integral roles as a consultant and advisor to major financial institutions in Russia and Central and Eastern Europe.

About FXDirectDealer

FXDirectDealer, headquartered in New York City, was formed by Tradition in 2002 as a joint venture with software provider Advanced Technologies Group, Ltd., to develop and operate an online foreign exchange trading system and service for the active investor, small brokerages, banks, corporations and investment advisers. FXDirectDealer markets its products to individual investors and companies and can supply a private label version of its system to qualified financial institutions and advisors. To download the application, go to www.fxdd.com and follow the instructions for the free demo. For further information, please contact FXDD at 212.791.3933 or via email at sales@fxdd.com.

About Tradition

Tradition is a fully-owned company of Compagnie Financiere Tradition, a top three broker in over-the-counter financial and non-financial products with offices in 17 countries.  Its shares have been listed on the Swiss stock exchange since 1973 and on the third compartment of the Frankfurt stock exchange since 1999.  It is a registered broker/dealer in the United States and a member firm of the New York Stock Exchange.  For additional information on Tradition, please visit www.traditiongroup.com.

Media Contact:

Jennifer Van Hofwegen
FXDirectDealer
212.791.6491
jennifervh@fxdd.com

For Immediate Release