Headstrong Offers TABB Group's Research Report on Crossing, "The Internal Market: Maximizing Liquidity's Value"

Presents Win-Win Opportunities for Buy-Side and Sell-Side Institutions

NEW YORK, SEPTEMBER 19, 2005 - Headstrong, a global consultancy and leading provider of crossing technology to the securities industry, today announced that it has acquired the distribution rights to TABB Group's recently released report on crossing entitled, "The Internal Market: Maximizing Liquidity's Value" which is available for free limited distribution from Headstrong's web site (www.headstrong.com). Headstrong's white paper on the subject can also be downloaded from the company's web site.

The financial industry's first study of the internal market, written by Chris Morstatt, partner at TABB Group, examines the issues brokers and buy-side institutions face in balancing cost, speed and liquidity. The report cites ready liquidity, price improvement, faster and less expensive execution and anonymity as some advantages contributing to buy-side and institutional traders' growing interest in internal markets.

"The challenge of reducing execution fees for institutional clients while increasing brokers' bottom line is driving the interest in internal markets in both camps," said Larry Tabb, TABB Group founder and CEO. "As commissions and spreads are squeezed it becomes imperative for firms to investigate more efficient, less impact, and lower-cost means of execution."

"The STRIDE crossing platform is a proven technology used by exchanges and Alternative Trading Systems and is now packaged for the Internal Marketplace," said Greg Johnston, Director, Headstrong Financial Products. "The TABB Group report is further validation that internal crossing is essential in order to remain competitive in today's changing electronic marketplace."

Headstrong was cited in the TABB Group report as one of the only vendors that specifically addresses the internal market. STRIDE™, Headstrong's exchange and electronic matching engine, supports internal markets by consolidating pools of liquidity both internally and externally across the organization enabling firms to reduce the implicit and explicit costs of trading and extract value from the order flow.

About Headstrong, Inc.
Headstrong, Inc. is a global consultancy and financial solutions company that delivers expertise across business processes, management consulting and technology within financial services, manufacturing, public sector and service industries. Headstrong's Financial solutions include matching engines and electronic exchange systems as well as trading, order management, stock lending, clearing, settlement and financial messaging systems. Customers include stock exchanges, commodity exchanges, brokerage houses and investment banks in addition to new generation marketplaces such as ATS', ECNs, financial portals and private e-marketplaces.

With a global resource pool of qualified advisors and its Global Delivery Centers, Headstrong can furnish a full range of integration services including strategic assessment, design, implementation, application development and maintenance both onshore and offshore. Headstrong helps clients align technology initiatives with business goals while leveraging its steadfast heritage (as James Martin + Co) of strong methodologies and standards for delivery. Headstrong maintains a 23-year track record of proven results and a solid client base. The company is headquartered near Washington, DC, with a global presence across North America, Europe and Asia-Pacific. For more information, visit www.headstrong.com.

About TABB Group
TABB Group is the data-driven research and advisory firm that provides strategic insight for market leaders in the financial industry. Based in Westborough, Massachusetts with offices in New York, TABB Group was founded in June 2003 by Larry Tabb, the 25-year financial markets veteran and former vice president, securities and investments at TowerGroup.

For more information, contact
press@headstrong.com