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For Immediate Release
Contact: Melinda M. Bascone
Director of Marketing
Carter Ledyard & Milburn LLP
212-238-8753
info@clm.com

TULLETT & TOKYO LIBERTY PLC LICENSES ITS DATA

NEW YORK, February 8, 2002 - In recent years, there has been a large and growing business for inter-dealer brokers in licensing their transactional data in foreign currency and derivative instruments. This business has changed significantly in recent months because of the bankruptcy of Bridge Information Systems and Telerate and the reversal of fortune of Cantor Fitzgerald. In recent weeks we have helped our client Tullett & Tokyo Liberty plc with several very substantial, multi-year agreements to license their data. These agreements are usually complex and highly negotiated. Tom Davis and Mary Beth Werner have worked on these agreements.

Carter Ledyard & Milburn LLP (www.clm.com), established in 1854, has approximately 90 attorneys and has been headquartered on Wall Street since its founding. Carter Ledyard's general practice includes corporate, securities, mergers and acquisitions, broker-dealer, on-shore and off-shore hedge and other alternative investment funds, private equity, litigation, intellectual property, environmental, employment, media and technology, immigration, investment regulation, antitrust, art law, trusts and estates, maritime, ERISA, tax-exempt organizations, real estate, tax and bankruptcy. A significant part of the firm's practice involves representing overseas-based clients and their U.S. affiliates, financial institutions and other financial services providers, governmental entities and media and technology clients.

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