JonesTrading Hires High End Derivatives Team

Moves to Enhance Product Offerings, Proof of JonesTrading Model

LOS ANGELES, May 18 /PRNewswire/ -- JonesTrading Institutional Services LLC, a
leading brokerage, which provides institutions with block trading, announced
today the hiring of a top seeded Derivatives Team.

The announcement is the latest in a series of strategic moves taken over the
past year, and which will continue in 2009. The moves will enhance the firm's
marketplace position and are designed to respond to client demand for a
greater range of offerings under the JonesTrading agency trading model.
JonesTrading sources liquidity from over 1500 institutions and hedge funds in
North America through a network of over 100 sales traders and has achieved top
ranks for execution quality rankings from industry consultants such as QSG and
average crossing rates of over 37% over the last 5 years.

Tom Steen, who is responsible for building the derivatives business for the
JonesTrading Group of Companies, is pleased to announce the hiring of
derivatives industry veterans Mark Neuman, Rich Breitenecker and Chris Rich.

Mark Neuman will be a Managing Director in the firm's New York City office.
Mark was most recently a top producer at Susquehanna International Group (SIG)
in New York which is a leader in the listed options market. Prior to SIG, Mark
was a partner at Kaia Investment Management and also spent 9 years as a senior
producer in derivative sales at Merrill Lynch. Said Steen: "Mark is very
experienced in the options market and has a broad, global background. His
experience runs the gamut from hedge funds to mutual funds to pension funds
and includes almost 7 years in Tokyo covering global derivative clients. Mark
will be contributing to all aspects of growing the derivative business for
JonesTrading."

Rich Breitenecker will head JonesTrading's Derivatives Agency Trading Desk
which will provide quality execution services in the derivatives markets. Rich
was most recently a senior producer with Barclays and prior to that was a
producing derivatives salesman at Lehman Brothers and Merrill Lynch. Rich
began his career in Japan as a proprietary derivatives trader with Cresvale
Securities. Rich will begin employment with JonesTrading on June 1, 2009.

Chris Rich will take on the position of Head Options Strategist while also
supporting the Derivatives Agency Trading Desk. Chris was formerly Senior
Options Strategist at Newedge Group in Chicago and prior to that was principal
at Rich Advisory Group. He brings 25+ years of options experience in analysis,
trading and sales. Chris began his career on the floor of the CBOE and was a
clerk, broker and market-maker.

In addition, Jeff Smoke, of JonesTrading, has moved from the JonesTrading
office in Orlando, Florida to the Chicago office to help run day to day
business operations. Prior to working at JonesTrading, he traded derivatives
at Equitec Proprietary Markets. Jeff graduated from Notre Dame with a finance
degree and was a former National Champion Age-Group Triathlete. He competed on
6 US National sprint kayak teams, placed 1st in the Pan-American Games, and
was a member of the 2004 US Olympic Sprint Kayaking Team. Jeff competed in the
2004 Athens Summer Olympics.

Said Packy Jones, JonesTrading's Chairman: "JonesTrading's agency model
enables clients to trade without the conflicts of interest inherent in capital
providers. JonesTrading aligns solely with the client interest of receiving
unbiased idea generation and execution advice. This is extremely important in
the derivatives space given the wider spreads, complex execution alternatives,
and greater market inefficiencies. This 'high touch' approach in listed
derivatives products will be an excellent complement to JonesTrading's current
equity and debt business and provide an enhanced ability to service
institutional clients. We look forward to bringing clients the benefits of the
JonesTrading model in these instruments and in continuing to build out our
franchise."

About Jones Trading
JonesTrading Institutional Services LLC is one of the oldest and largest pure
execution-only equity trading firms in the U.S., and a worldwide leader in
U.S. equity block trading. Since 1975, the sole focus of JonesTrading has been
creating liquidity for institutions on an agency basis. The ability to provide
a secure, trusted platform connecting a diverse group of market players
enables the firm to unlock liquidity, providing best-quality execution for
larger and more complex trades. In 2007, the company received a $50M
investment from Friedman Fleischer & Lowe, a San Francisco-based private
equity firm.

Member FINRA & SIPC

SOURCE JonesTrading

Scott Cooper, JonesTrading Institutional Services LLC, +1-818-297-8017,
Scottc@jonestrading.com