FOR IMMEDIATE RELEASE

J.P. Morgan and Trading Technologies Enter into Global Software Licensing and TTNET™ Distribution Agreement

CHICAGO and NEW YORK, October 21, 2008 — J.P. Morgan and Trading Technologies International, Inc. (TT) announced today that they have entered into a global software licensing and TTNET distribution agreement in which J.P. Morgan will make available TT's high-speed X_TRADER® order-entry software to its internal trading desks and Global Futures and Options clients.

This agreement will allow J.P. Morgan to expand its leading position in electronic trading by enabling clients to access TT's X_TRADER order-entry software platform and technology solutions, including TT's FIX connectivity and high-speed exchange gateways, throughout the world. These technology solutions will be fully integrated with J.P. Morgan’s existing MORCOM eXtraTrade offering, providing front-to-back full-service derivatives trading.

J.P. Morgan will leverage TT’s fully managed hosting solution, TTNET, to distribute X_TRADER. TTNET accelerates customer access to international futures markets and increases trading platform stability through its fully redundant data centers situated in strategic locations close to the various exchanges. TT operates data centers in Chicago, New Jersey, London, Frankfurt, Tokyo and Singapore with plans to open additional facilities in other major derivatives exchange hubs.

Peter Johnson, J.P. Morgan’s co-head of Global Futures and Options, said, "We are dedicated to providing the highest quality of service, and partnering with TT to distribute its software via TTNET enhances our world-class platform with tools and solutions that our clients have come to expect."

Harris Brumfield, CEO of Trading Technologies, said, "We look forward to expanding our relationship with J.P. Morgan and working closely to distribute X_TRADER to their growing customer base via TTNET. J.P. Morgan’s global presence, established relationships within the hedge fund community and dedication to offering best-of-breed technology solutions make them an ideal partner."

About Trading Technologies
Trading Technologies (www.tradingtechnologies.com) develops high-performance trading software for derivatives professionals, including the world's premier investment banks, proprietary traders, brokers, Futures Commission Merchants (FCMs), hedge funds and other trading institutions. The company's X_TRADER® software and related services provide direct access to the major international derivatives exchanges. X_TRADER 7.4 was named "Innovation of the Year" by FOW magazine and "Best Buy-Side Commodities Trading Platform" by Buy-Side Technology magazine in 2007. TTNET™, TT's fully managed hosting solution, delivers maximum system stability and fast trade execution via hubs located close to the major exchanges in Chicago, New Jersey, London, Frankfurt, Singapore and Tokyo. Headquartered in Chicago, Trading Technologies maintains a global presence with offices in New York, Stamford, Houston, London, Geneva, Frankfurt, Singapore, Hong Kong, Tokyo and Sydney. Chicago magazine named TT the best technology company to work for and ranked TT third among all Chicago area employers. TT also received the prestigious Lighthouse Award from the Illinois Information Technology Association (ITA) in 2006 as the leading technology company in Illinois and was named Technology Company of the Year by FOW magazine in 2008.

About J.P. Morgan
J.P. Morgan is the investment banking arm of JPMorgan Chase & Co. (NYSE:JPM), a leading global financial services firm with assets of $2.3 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan, Chase, and WaMu brands. Information about J.P. Morgan is available at www.jpmorgan.com.