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Exchange Analytics Inc.

MarketWatch
February 22, 2005

EXCHANGE ANALYTICS INC. - LEADER IN COMPLIANCE COURSES FOR THE FUTURES INDUSTRY - ANNOUNCES EXCLUSIVE AGREEMENT TO PROVIDE CUSTOMIZED ETHICS TRAINING FOR NEW YORK BOARD OF TRADE

Chicago, IL - Exchange Analytics Inc., the premier provider of Internet-based, interactive ethics/compliance training courses for the futures industry, announced today the release of a tailored ethics training course specifically designed for the New York Board of Trade ® (NYBOT ®)

The NYBOT, New York´s original futures exchange, engaged Exchange Analytics Inc. to develop the first and only online compliance course specifically designed for futures exchanges. The NYBOT will require its members and floor personnel to complete the ethics course, which also includes a sexual harassment module.

NYBOT Senior Vice President Joseph O´Neill said, "The NYBOT recognizes that professional ethical standards are the foundation of our business. We strongly believe that a proactive approach by our exchange is in the best interest of the entire futures industry as well as our members and customers. One of the reasons we chose Exchange Analytics to create this course is their strong knowledge of exchange operations. No other provider has their background and experience."

Exchange Analytics Inc. President Larry Israel said, "We applaud the NYBOT for their leadership in the ethics arena. Certainly it is critical to strive for the highest ethical standard as evidenced by recent news headlines. We offer the leading compliance courses which fully meets the Commodity Futures Trading Commission´s Statement of Acceptable Practices criteria. Traders are giving it rave reviews based on its applicability, quality and ease of use."

Exchange Analytics Inc. has provided more than 100,000 courses to registrants in both the futures and securities industries for nearly a decade. Exchange Analytics Inc.´s corporate clients include many of the world´s largest and most respected brokerage firms, primary dealers, global banks and exchanges.

The company was co-founded by Larry Israel in 1995. Larry Israel is the chief author of Exchange Analytics Inc. ethics training courses and a former floor broker and trader. He has been a member of the Chicago Board of Trade for more than 25 years and is an adjunct lecturer at Northwestern University.

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