OptiMark, Inc.

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Optimark Technologies Names New Chief Technology Officer

Jersey City, NJ, November 11, 1999 - OptiMark Technologies, Inc. today announced that it has named Robert Warshaw to the position of Executive Vice President and Chief Technology Officer.

"We are very enthusiastic that Bob is joining the OptiMark team," said Phillip Riese, Chief Executive Officer of OptiMark Technologies. "Technology is clearly the key ingredient for OptiMark's success. Bob's deep experience in both information technology and financial services uniquely qualifies him for this position. We will depend on his dynamic leadership in technology as we refine and further our electronic trading capabilities." "I believe that OptiMark is poised for tremendous growth and success," said Mr. Warshaw. "They have developed a unique product that serves a real need in the securities market and is extendable into other marketplaces. I look forward to contributing to OptiMark by helping them assess current and future market opportunities and by developing the most innovative and cost effective solutions to address them."

Mr. Warshaw comes to OptiMark from Lazard Frères where he held the position of Chief Information Officer, managing Technology and certain Administration areas. Before Lazard, he was a partner at McKinsey & Co. In this role, he worked with large financial services and technology firms, helping them to adapt their structure and processes to be cost effective, innovative and able to deliver new capabilities. Prior to McKinsey & Co., he was Managing Director at Information Consulting Group, which was ultimately acquired by McKinsey & Co. He began his career at Anderson Consulting, in the Systems Integration Group, where he lead both domestic and international strategic projects.

Mr. Warshaw has an undergraduate degree from the University of Pennsylvania and a Masters in Management from Northwestern University's Kellogg School of Management. Mr. Warshaw will join OptiMark on November 15, 1999. Through early next year, he will continue to oversee Lazard's Y2K effort.

OptiMark Technologies, Inc., a privately held transaction services company, offers matching facilities for markets and exchanges globally, designed to benefit buyers and sellers in all markets by increasing efficiency and fairness while lowering the cost of trading. OptiMark Trading Systems operate today as facilities of the Pacific Stock Exchange for trading listed equities and the Nasdaq for trading Nasdaq equities. OptiMark's major shareholders include General Atlantic Partners, Softbank, American Century, Goldman Sachs, Merrill Lynch and PaineWebber. OptiMark is headquartered in Jersey City, New Jersey. Additional information on the company is available at www.OptiMark.com.