HedgeStreet to list binary options with intraday durations

CHICAGO, IL - HedgeStreet, Inc will offer intraday binary options on the HedgeStreet Exchange for seven forex and commodity markets beginning July 24, 2008

The HedgeStreet Exchange will list intraday binary options at three different times during each trading day. Intraday binary options will have a trading duration of two hours and will settle soon after expiration. Once settlement is complete, settled funds will be available for trading again on the same day.

Yossi Beinart, CEO of HedgeStreet, said, "Along with daily and weekly binary options, intraday options further enhance our short-term binary option product offering. The intraday product provides our clients with the opportunity to capture the full value of in-the-money binaries throughout the trading day. With intraday settlement, traders now have ability to reuse settled funds to trade again on the same day. Our clients can now be more efficient with their capital."

About Intraday Binary Options:

The HedgeStreet Exchange will list intraday binary options for seven markets: EUR/USD, GBP/USD, USD/YEN, USD/CHF, Gold, Silver, and Crude Oil. Intraday binary option contracts will be offered Monday through Friday during three trading periods: 8-10 a.m., 10 a.m.-noon and, with the exception of Gold and Silver, noon-2 p.m. (ET).

The intraday offerings will include two forms of contracts: (1) "Up" contracts - binary call options like HedgeStreet's daily and weekly contracts - that have a payout criterion requiring the Expiration Value of the underlying to be greater than the strike price of the option, and (2) "Down" contracts - binary put options - that have a payout criterion requiring the Expiration Value of the underlying to be less than or equal to the strike price of the option.

Settlement for intraday trades will occur once final prices are received for the just-closed intraday trading period. When settlement is complete, settled funds will be made available for reuse - either for trading or withdrawal.

About HedgeStreet
HedgeStreet owns and operates the HedgeStreet Exchange, which allows online investors to trade innovative financial instruments. A designated contract market and a registered derivatives clearing organization, HedgeStreet is subject to regulatory oversight by the Commodity Futures Trading Commission.

HedgeStreet is a wholly-owned subsidiary of IG Group and is headquartered in Chicago, Illinois. For more information, visit www.hedgestreet.com

About IG Group
IG Group is a UK-based financial services firm. IG Group is listed on the London Stock Exchange (symbol: IGG.L), and is a member of the FTSE 250 index.

IG Group has trading operations in the UK, Australia, France, Germany, Spain, and Singapore.

Warning: Forward Looking Statements
This announcement contains forward-looking statements, including such statements within the meaning of Section 27A of the US Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements concern or may affect future matters, such as HedgeStreet's future economic results, business plans and strategies, and are based upon the current expectations of the HedgeStreet management. They are subject to a number of risks and uncertainties that might cause actual results and events to differ materially from the expectations expressed in the forward-looking statements. Forward-looking statements include statements typically containing words such as "intends", "expects", "anticipates", "plans", "estimates". Factors that could cause or contribute to differences in current expectations include, but are not limited to, regulatory developments, competitive conditions, technological developments and general economic conditions. HedgeStreet assumes no responsibility to update any of the forward-looking statements contained in this announcement, whether as a result of new information, future events or otherwise, except to the extent legally required.