Ticonderoga Securities Expands With Launch of Equity Derivatives Group Led By Industry Veteran

Further Expansion Will Build and Diversify Firm`s Set of Product Offerings
NEW YORK--(Business Wire)--
Ticonderoga Securities, an institutional broker dealer, today announced the
launch of its Equity Derivatives Group, which will be led by Vuk Bulajic, an
industry veteran with a dynamic track record of launching and building equity
derivatives businesses.

With the addition of the Equity Derivatives Group, Ticonderoga continues to
position itself as a leading broker dealer, concentrating on domestic and
international equities with a focus on high-quality order execution alongside
its differentiated research. The new group will further diversify Ticonderoga`s
product offerings, which was recently expanded to include institutional equity
research. As head of the Equity Derivatives Group, Bulajic will focus on
building out the platform to deliver unique and valuable offerings.

"We are extremely pleased to be able to launch our Equity Derivatives Group with
such an experienced and knowledgeable leader as Vuk," Shawn McLoughlin, CEO and
Co-Founder of Ticonderoga Securities, said. "His success in building teams from
the ground up will be valuable as we continue to build out our Equity
Derivatives team over the coming months to deliver services in several sectors
important to our clients."

Bulajic has built equity derivatives businesses for several large banks and Wall
Street institutions, and brings 25 years of experience to Ticonderoga. Prior to
joining the firm, Bulajic served as head of U.S. equity derivatives at the
French bank Natixis for eight years, and in the same position at BNP Paribas
from 1997-2002. He was also global head of equity derivative trading at Lehman
Brothers, and helped launch the Equity Derivatives Group for the Americas at Nat
West Capital Markets in the early 1990s. Earlier in his career, Bulajic worked
as a trader for Morgan Stanley and Stern Brothers. He earned his B.S. and M.S.
in Chemical Engineering from Columbia University.

"As Wall Street begins to reinvent itself, nimble firms like Ticonderoga have a
great opportunity to innovate in the equity derivatives space," Bulajic said. "I
look forward to growing the group here at Ticonderoga."

About Ticonderoga Securities

In May 2009, Ticonderoga Securities LLC acquired Reynders, Gray & Co. Inc. a
respected firm with more than 30-years experience and an enviable track record.
Ticonderoga Securities operates a dual capability with a New York Stock Exchange
floor based team providing direct access as well as the desk based models. The
firm concentrates on domestic and international equities and focuses on high
quality, conflict free order execution, as well as a differentiated research
offering to support its first class execution capabilities.

Media:
CJP Communications
Caroline Harris, 212-279-3115 ext 222
charris@cjpcom.com
or
Kelsea Michael, 212-279-3115 ext 231
kmichael@cjpcom.com

Copyright Business Wire 2009