eSpeed, Inc. the frontrunner in the field of electronic marketplaces and related trading technology for the global capital markets today announced here today of the issue of a very important statement.

It has been stated, that Board of Directors of the Company, including its four independent directors, has pondered over and considered the various public statements and proposals made by one of eSpeed’s competitors and by certain shareholders in Schedule 13D filings in recent weeks. On April 19, 2007, the Company sent a letter to Terry Smith of Tullett Prebon plc (“Tullett”) stating that the Board of Directors has been informed by its controlling stockholder, Cantor Fitzgerald, L.P. (“Cantor”), that it is not interested in selling its controlling interest in the Company to Tullett, in terminating its arrangements with eSpeed on the terms proposed by Tullett in its recent letters, or in proposing alternative terms to Tullett. It has also been avowed, that the Company is not in a position to pursue Tullett’s acquisition proposal because such a proposal cannot be consummated without the consent of our controlling stockholder.

eSpeed, Inc. from its inception in the December of 1999, has been performing as a  definitive marketplace technology provider for the financial capital markets of the world. The company by now is regarded as a frontrunner organization in developing and deploying electronic marketplaces and related trading technology that offers traders access to the most liquid, efficient and neutral financial markets in the world. The chief function of the company lies in operating in multiple buyer, multiple seller real-time electronic marketplaces for the global capital markets that includes the world's largest government bond markets and other fixed income and foreign exchange marketplaces.

The eSpeed has indicated in its public filings since its formation that neither the Company nor its Board of Directors may take any of the following actions without Cantor’s express approval: (i) convert Cantor’s Class B common shares of eSpeed into Class A common shares, (ii) undertake a business combination with another entity, or (iii) terminate the perpetual clearing, technology and other arrangements with Cantor and its affiliate BGC Partners set forth in the Joint Services Agreement. Any proposal to take such actions in connection with a potential acquisition of eSpeed must be approved by Cantor.

The Board of Directors of the Company is reported to be fully aware of its fiduciary duties. It has also taken the interests of all of its stockholders into account in so as to resolve the subject of not engaging in a process with a competitor to pursue a proposed transaction that is incapable of consummation.