Extension of the Special Free Trade Promotional Offer and Refer-A-Friend Program

The current Special Free Trade Promotional Offer (the "Promotion") grants participating HedgeStreet Members free trades over a period of 30 calendar days (to commence upon the time that the member's funds have been deposited for the first time, settled into their account, and such funds are deemed available for use towards trade)(Notice 48). Members are eligible for this Promotion as long their respective HedgeStreet accounts are initially funded within the period commencing January 31, 2005 through the end of business on a new expiration date extended (from December 31, 2005) to December 31, 2006. All settlement fees will still apply and members with existing funded accounts (prior to the Promotion's commencement date) are not eligible to participate in this Promotion.

HedgeStreet has also extended the Refer-A-Friend Program ("Program") initiated on April 12, 2005 (Notice 26). The Refer-A-Friend Program (the "Program") allows current HedgeStreet members to extend, to other non-member participants, special referrals to register for membership with HedgeStreet and participate in a 60-day offer at no cost to the new member. The Program is set to expire at the close of business on December 31, 2006.