17th January, 2007
Jefferies Goes Live with Fidessa® in Japan

Tokyo – 17th January, 2007: royalblue, provider of Fidessa, a world-leading solution for multi-asset trading systems, market data and global connectivity, today announced that Jefferies (Japan) Limited, Tokyo Branch, a member of US-based Jefferies Group, Inc. (NYSE: JEF), has gone live as its first client using a fully-hosted version of Fidessa's Japanese Trading Platform. Jefferies is a global investment bank and institutional securities firm with more than 25 offices around the world.

Fidessa already serves 10 blue-chip customers in Japan with its Enterprise Trading Platform which clients operate on their own hardware. With the new hosted Japanese Fidessa solution, clients now do not need on-site specific hardware because the trading platform and its exchange connectivity is completely hosted and managed by Fidessa in its own dedicated dual Tokyo datacentres with fully redundant capabilities.

Jefferies is using Fidessa for handling inbound client order flow of both Care and DMA orders, along with trading directly on the Japanese markets. Fidessa provides full market connectivity to the Tokyo Stock Exchange, Jasdaq and electronic connections to local brokers and to Jefferies globally. The systems include comprehensive order management, real-time position management, Japanese ticketing and compliance functionality, and management of both proprietary and agency orders for multiple on-shore and offshore entities.

Graham Elliot, Director of Japanese Equity Sales and Trading at Jefferies, comments: "Jefferies needed a solution that provided a flexible and powerful trading and order management service that could easily scale as our business grows. Fidessa was the clear front-runner in this area and the system has been delivered to us on time and with unrivalled levels of service and support."

Mr. Elliot also added that: "Jefferies is committed to growing secondary trading and DMA activities in Japan. Bolstering our sales and trading capacity, combined with technology investments like this, enables us to extend a full-service, quality execution capability to Jefferies’ clients globally. Fidessa is the Asian market access system of choice to support our growth."

Fidessa serves over 9,300 users at 260 institutions around the world and is used by over 85% of global, tier-one equity brokers. Fidessa’s connectivity network provides links to over 750 buy-side institutions, 170 brokers and 68 exchanges worldwide.

About Jefferies Japan Limited
Jefferies Japan Limited was founded in 1996 as the Japanese affiliate of the US-based investment banking and institutional securities firm, Jefferies Group, Inc. Jefferies is now operating in more than 25 offices in six countries spanning three continents.
www.jefco.com

Fidessa group is a world-leading supplier of multi-asset trading, portfolio analysis, decision support, investment compliance, market data and global connectivity solutions for both the buy-side and sell-side globally. Available as a simple workstation or as an integrated application suite, the Fidessa and Fidessa LatentZero products are built on the clear vision of providing the richest functionality, coverage and distribution to the financial markets community.

The Fidessa suite is used by 85% of tier-one, global equity brokers providing sophisticated multi-asset trading, market data, order management and execution capabilities to all tiers of the sell-side.

The Fidessa LatentZero suite is used by the world’s largest asset management firms through to smaller specialist managers and hedge funds, and provides comprehensive portfolio analysis, real-time P&L, what-if analysis, investment compliance, order and execution management, and post trade processing tools, across all asset classes, to all tiers of the buy-side.

Fidessa’s global network carries over 130 million messages a month covering DMA, Care and Algorithmic orders, Indications of Interest and FIX Allocations between over 1,800 buy-sides and 310 brokers across 100 markets worldwide.

Head-quartered in London and with offices in New York, Boston, Tokyo, Hong Kong, Paris, Toronto and San Francisco, Fidessa group serves 22,000 users across 600 clients globally. Fidessa group was founded in 1981, has revenues of around US$350m, employs over 1,200 people and has been fully listed (LSE:FDSA) since 1997.

For further information, please contact:

Alastair Turner
Aspectus PR (PR Agency)
+44 (0) 20 7487 8443
alastair@aspectuspr.co.uk

Fidessa® is a registered trademark of Fidessa Group plc
All product and company names herein may be trademarks of their registered owners.

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