Trade Manage Capital, Inc

Trade Manage Capital, Inc. WELCOMES JOHN LEVINE AS
SENIOR VICE PRESIDENT OF EQUITY TRADING AND EQUITY PARTNER

June 17 th , 2003, Saddle Brook, New Jersey - Trade Manage Capital, Inc. today announced it has appointed Jon Levine as Senior Vice President of Equity Trading, overseeing the handling of the Firm's more than six hundred institutional accounts and several thousand high net-worth retail clients. Coupled with a long-term employment agreement, Trade Manage Capital further welcomes Jon as an equity partner at the twenty seven year-old privately held agency-trading firm.

Steve Goldman, Trade Manage Capital, Inc. 's Chief Executive Officer and Senior Director commented, "Trade Manage Capital, Inc. 's Board of Directors is excited to welcome John as an equity owner. Before joining Trade Manage Capital, Inc. , Jon was a top rate equity trader for nearly a decade at Deutsche Bank. More than his talent as a trader, the Firm has been overly impressed with his sincerity, integrity, team philosophy and commitment to our clients. His work product is second to none."

Goldman continued, "The Firm has always had a strong equity incentive plan for its employees. Fully committed to our Employee Stock Purchase and Option Purchase plans, we look forward to welcoming more of our dedicated staff as owners. Such a plan strongly aligns the best interests of the Firm with that of its employees and its clients, ultimately ensuring even further longevity and continued financial success."

"Joining Yamner was an easy choice." Levine commented. " The Firm has cutting edge technologies coupled with one of the most sincere and experienced pools of talent on the Street. The psychology of the firm is strongly entrepreneurial. In just the past few quarters, the Firm has implemented systems and technologies that would have taken other firms triple the time to roll out, if at all. While others have failed, we have flourished. Our clients are leading firms who appreciate what we bring to the table. Mainly, I am able to focus on providing honorable trade services without any conflicts of interest."

Levine continued, "My wife and family are excited about this opportunity. I have an unwavering responsibility to provide the very best for them. We are thrilled to have found a place we can call home for many years to come."

About Trade Manage Capital, Inc.

Trade Manage Capital, Inc. is a New Jersey-based agency broker dealer servicing the financial markets for nearly thirty years. Trade Manage Capital, Inc. services over 600 institutional clients as well as several thousand high net-worth retail clients. Utilizing its proprietary and third-party order management systems, Trade Manage Capital, Inc. offers dedicated phone-based trading as well as extensive electronic connectivity. The Tier One trading desk has connectivity to over twenty-six systems, eighty-two liquidity sources, including all ECNs, regional and primary listed exchanges, market makers and other market centers. Visit Trade Manage Capital, Inc. site, or contact us.