FOR IMMEDIATE RELEASE

Trading Technologies Names Kestrel Technologies TT Edge Certified Partner

CHICAGO and NEW YORK, August 1, 2006 — Trading Technologies International, Inc. (TT) today announced that Kestrel Technologies has been named a TT Edge Certified Partner. The integration involves TT's X_TRADER® platform with Kestrel Technologies' Karousel Order Management System (OMS) on the buy-side and with the RAPTr Risk Management System on the sell-side. This technological partnership provides portfolio managers, hedge fund managers and fixed income trading professionals the ability to inject electronic interest rate futures executions into a real-time order management solution and receive post trade messages back in real-time.

"TT is pleased to welcome Kestrel Technologies as a TT Edge Certified Partner. The integrated solution between Kestrel and X_TRADER provides fixed income professionals with a comprehensive view of their fixed income activities. It also provides greatly enhanced risk management and execution tools in an integrated fashion across a broad range of fixed income asset classes and security types," said Alvin Tanpoco, VP of Business Development.

"The combination of Kestrel and TT is a powerful one. Kestrel's suite of risk management and trading tools for fixed income participants becomes even more valuable when coupled with Trading Technologies' service offerings. We look forward to providing the professional trading community with our products in a combined fashion," said Bill Kingore, EVP of Sales at Kestrel Technologies.

The TT Partner Program facilitates relationships with companies worldwide to integrate TT's technology into their products. The program provides partners with development support, certification testing, sales and marketing assistance and other resources to help them create and market their products. Partner firms fall into several categories including Algorithmic Trading Solutions, Automated Trading Solutions, Consulting Services, Direct Market Access (DMA) Platforms, Integrated Front Ends, Order and Execution Management Systems, Risk Management Systems, Trading Development Frameworks and Trading Front Ends.

About Kestrel Technologies
Kestrel Technologies (www.kestrelinc.com) develops highly specialized solutions for fixed income trading and research, portfolio management, order management, risk management and connectivity. Clients include securities dealers, brokers and asset managers. Kestrel's products are multi-currency, distributed platforms that enable users to publish orders, execute transactions, measure performance and manage risk in all securities markets anywhere in the world. Kestrel's software expertise and broad capital markets knowledge also drive the company's authoritative fixed income data and pricing services, with daily fixed income research services including closing market prices and an extensive database of historical prices, yields and analytical values. Kestrel is headquartered in the heart of Wall Street, and has development offices in Burlington, Vermont, and Quincy, California.

About Trading Technologies
Trading Technologies (www.tradingtechnologies.com) develops high-performance trading software for derivatives professionals, including the world's premier exchanges, money-center banks, proprietary traders, securities brokers, Futures Commission Merchants (FCMs), hedge funds and other trading institutions. The company's software and services provide direct access to the world's major derivatives exchanges. Headquartered in Chicago, Trading Technologies maintains a worldwide presence with offices in New York, Houston, London, Frankfurt, Singapore, Hong Kong, Tokyo and Sydney. In 2004, Trading Technologies was named the best technology company to work for in Chicago by Chicago magazine and ranked third among all Chicago area employers. In 2006, TT received the prestigious Ligh