Terms of Use

By using the Investment Technologies.com Website (the "Site") and having the benefit of viewing any part of it, you automatically agree in return to be bound by the terms and conditions contained within this statement (the "Agreement"). Investment Technologies may change the terms of this Agreement from time to time. If so, we will notify users of any such changes by online postings. If you continue to use the site after the posting of any notice of change, you automatically agree to be bound by such changes. Investment Technologies will not be bound by any changes you attempt to make to this Agreement, as it may be modified by Investment Technologies from time to time, unless Investment Technologies agrees to your changes in writing.

Limitations on Use
All content, including all text, graphics, hypertext links, formatting and other visible characteristics of this web Site (the "Content"), unless otherwise indicated, is Copyright © 2001 by Investment Technologies. Investment Technologies reserves all rights in the Content, which is protected not only by U.S. copyright law, but by international treaty provisions.

General Disclaimer and Limitation of Liability
Investment Technologies expressly disclaims any and all warranties, express and implied, including, without limitation: (a) any warranties as to the availability, accuracy, completeness or content of information, products or services which are part of the Site; and (b) warranties of fitness for a particular purpose, merchantability or against infringement. In no event will Investment Technologies, its affiliates, licensors, employees, agents or contractors be liable to you, or to anyone, for any damages or losses, including without limitation indirect, consequential, special, incidental or punitive damages in any way resulting from or caused by the Site, its public posting, bulletin boards, its content or any errors or omissions in its content, even if advised of the possibility of such damages.

Choice of Laws and Jurisdiction
You agree that the laws of New York State and, where applicable, of the United States, will apply in any matter arising out of your use of the Site. Any claim with respect to this Agreement or your use of the Site must be filed with the appropriate dispute resolution authority in the County of New York, State of New York, within one calendar year from the date your claim first arose, or the claim shall be barred forever. You understand that our Site is a "passive" posting of information. No communications, inquiries or transactions of any kind which you may wish to pursue as the result of having viewed our Site are accepted or authorized until received and acknowledged by Investment Technologies at its principal place of business in New York, U.S.A.

Severability
Any decision by an appropriate dispute resolution authority holding any part of this Agreement unenforceable will apply only to that part, and will not affect any other part of this Agreement.

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Harris Beach LLP
Two Gateway Center
Newark, NJ 07102





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