Bondtrac Adds CMOs and MBSs to Bondtrac XT

Bondtrac Continues to Advance Offerings Variety and Volume

NEW YORK CITY, NY-April 4, 2003-Bondtrac, Inc., a leading provider of fixed-income information for more than a decade, announced today that it has added CMOs and MBSs to its fixed income market information service. Bondtrac's new source of CMOs and MBSs is Jencks & Company, a broker dealer and content aggregator specializing in US Government and Government-sponsored GNMA, Freddie-Mac and Fannie-Mae mortgage-backed securities. Descriptive data for Jencks' CMOs is provided by Intex.

Bondtrac is the largest provider of fully disclosed offerings in municipal, corporate, agency, zeros, internationals, US Treasury, CD and CMO markets. Bondtrac XT is available to professional subscribers through www.bondtrac.com, and through private-labeled broker, correspondent or customer web sites customized with the client firm's logos and brand identity. Bondtrac clients include registered representatives, portfolio managers, correspondents, traders & assistants, wealth managers, retail brokers and their customers, research analysts, trust investment officers, capital markets groups and others who access fixed income information.

Bondtrac's CMO supplier, Jencks & Company, carries its own inventory, and also serves as an inter-dealer broker for broker-dealers and dealer banks to create a central source for CMO inventory. Jencks receives offerings postings from the majority of the broker dealer community. "We're pleased to provide our customers with CMOs and mortgaged-back securities on Bondtrac. Just as we recently added Briefing.com's market commentary and analysis, we have added CMOs to continue to make Bondtrac the most complete fixed income information service available in the market," said Dan Powers, President of Bondtrac.

"Bondtrac clients and their customers represent the complete cross section of fixed income market players, and we believe our CMO inventory provides them with new and exciting trade opportunity, especially in today's market," said Stephen Jencks, President of Jencks and Company.

To view Bondtrac's entire inventory, visit www.bondtrac.com and sign up for a free trial subscription. Bondtrac aggressively seeks new additions to its core services and to its offerings to display to its 40,000+ end users. In the past quarter, thousands of new offerings per day have been added to the Municipals segment of Bondtrac, and thousands more have been added to Corporates and Agencies. Broker-dealers can contact offerings@bondtrac.com to send their offerings to be displayed on Bondtrac.

About Bondtrac, Inc.

Bondtrac, a privately-held corporation founded in 1989, provides the largest fully disclosed source of more than 20,000+ fresh Municipal, Corporate, Agency, CD, Zeros, STRIPs, Internationals, CMOs and US Treasury offerings daily to more than 40,000 end users in brokerage firms and dealer banks. Bondtrac is available by subscription to www.bondtrac.com and through firm-wide web site integrations that private-label Bondtrac for client web sites. Bondtrac offices are located in New York City, San Francisco and Oklahoma City. For more information, please visit www.bondtrac.com, or call Elizabeth Lewis, Vice President of Sales, at 212-297-6189.

About Jencks & Company

Jencks & Company is a registered broker dealer located in Seattle specializing in US Government and Government sponsored GNMA, Freddie-Mac and Fannie-Mae mortgage-backed securities. Jencks & Company carries a broad range of odd-lot CMO inventory and also aggregates the offerings from the majority of the dealer community. Jencks & Company clears all of its trades through The Bank of New York.