Mr. Gehring joins Broadpoint with 27 years of experience in the rates markets and extensive relationships in Europe, the Middle East and the United States. Most recently, Mr. Gehring was a Director at Credit Suisse Group. Prior to Credit Suisse, he spent 10 years at RBS Greenwich Capital Markets, Inc. as a Managing Director and, prior to RBS, he worked for 5 years at the Bank of America as a Vice President. He has also held similar positions at CRT Government Securities, Ltd., Barclays de Zoete Wedd Securities, Inc. and Westpac Pollack Government Securities.

Lee Fensterstock, Chairman and CEO, said, "We see a tremendous opportunity to serve our clients in the expanding U.S. Treasury and Government agency market. We are excited to have Frank join Broadpoint in a leadership role and bring his many years of experience to bear in serving our clients across the rates product spectrum."

"Frank Gehring is a highly regarded and accomplished rates sales professional, and I'm confident that he will be a huge asset to our Rates platform," said Rob Fine, President of Broadpoint's DESCAP division.

About Broadpoint

Broadpoint Securities Group, Inc. (NASDAQ: BPSG) is an independent investment bank that provides corporations and institutional investors with strategic, research-based investment opportunities, capital raising, and financial advisory services, including merger and acquisition, restructuring, recapitalization and strategic alternative analysis services. The Company offers a diverse range of products through the Debt Capital Markets, Investment Banking and Broadpoint DESCAP divisions of Broadpoint Capital, Inc., its Equity Capital Markets subsidiary, Broadpoint AmTech and FA Technology Ventures Inc., its venture capital subsidiary. For more information, please visit www.bpsg.com.

Forward Looking Statements

This press release contains "forward-looking statements." These statements are not historical facts but instead represent the Company's belief regarding future events, many of which, by their nature, are inherently uncertain and outside of the Company's control. The Company's forward-looking statements are subject to various risks and uncertainties, including the conditions of the securities markets, generally, and acceptance of the Company's services within those markets and other risks and factors identified from time to time in the Company's filings with the Securities and Exchange Commission. It is possible that the Company's actual results and financial condition may differ, possibly materially, from the anticipated results and financial condition indicated in its forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements. The Company does not undertake to update any of its forward-looking statements.

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