For Immediate Release Contact: Jeremy Milner
401-862-9422
jeremy@jeremymilner.com

Jill Burnie
617-375-4217
jill.burnie@morgankeegan.com
...........................................................................................................

Morgan Keegan Technology Group ADVISES ONEXCHANGE, INC.

BOSTON, MA (August 19, 2004) – onExchange, Inc., a derivatives and securities trade-processing technology software vendor today announced it has been acquired by The Clearing Corporation, the only active independent futures clearinghouse in the world. Morgan Keegan Technology Group, LLC, acted as financial advisor to onExchange, Inc.

The acquisition of onExchange is expected to enhance the services Clearing Corporation can offer. The purchase includes onExchange’s two subsidiaries, onExchange Board of Trade, Inc., and onExchange Clearing Corporation. The former has been licensed as a designated contract market, and the latter has been licensed as a derivatives clearing organization by the Commodity Futures Trading Commission.

Richard Jaycobs, Chief Executive Officer of onExchange, has more than 20

years experience in the technology and the futures industry. Mr. Jaycobs will be joining The Clearing Corporation as a member of the senior management team and will continue to manage onExchange’s business activities.



Morgan Keegan Technology Group is one of the nation's largest investment banks focused exclusively on Mergers & Acquisitions and Private Capital Fundraising Advisory Services for technology companies. All of our clients benefit from senior-level attention from partners with deep sector expertise.

Morgan Keegan Technology Group was founded in 2001 by former senior technology bankers from major Wall Street investment banks. With offices in Boston, San Francisco and Los Angeles, Revolution applies partner-level experience to the successful execution of advisory and financing transactions for emerging technology companies in industry sectors including software, Internet business services, telecommunications, wireless, clean tech, digital media, storage and semiconductors. For more information, visit www.revolutionpartners.com.
 
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