Midastrade.com Inc.

Midastrade.com Inc.

November 29, 2007 09:30 ET

Midas Signs Agreement With MFC Global

BUENA PARK, CALIFORNIA--(Marketwire - Nov. 29, 2007) - MidasTrade.com Inc. (PINK SHEETS:MIDS) announces that its subsidiary Midas Securities, LLC has entered into a fully disclosed clearing agreement with MFC Global, subsidiary of Man Group PLC., to provide clearing services for trading of U.S. and international futures, commodities and options trading. The MFC Global provides access to every major exchange-traded interest rate, currency and equity index futures and options contract worldwide.

This agreement will allow Midas Securities, LLC to offer KOSPI data feed and OMS (Order Management Services) to certain trading platforms in the U.S., which is an integral piece for U.S. traders wishing to trade KOSPI. Midas is working with institutions to implement KOSPI algorithm trading systems (also known as "Black Box Trading"). Midas will also provide "Direct Market Access" to the KOSPI market upon implementation. In addition, Midas will host algorithm trading systems for institutional trading firms at its data center in Seoul, Korea. Through the Midas Direct Access Servers, these trading systems will access the KOSPI market without any latency while satisfying Korea FSS (Financial Supervisory Service) regulations.

Jay Lee, President and CEO of Midas Securities, commented on the agreement: "This agreement for clearing services will allow U.S. investors to maintain their accounts in the U.S. while trading KOSPI and other Asian markets. Midas Securities has already begun to open institutional accounts and is looking forward to opening accounts for individual U.S. traders who have requested Direct Market Access to trade KOSPI and Asian markets."

About MidasTrade.com Inc.

MidasTrade is a U.S. based company committed to the deployment of the Midas Global Direct Access Network (GDAN) that allows investors to trade securities, options and futures in real time via their online trading account through the MidasTrade network of participating exchanges all over the world. The MidasTrade GDAN is designed to provide investors with immediate execution and confirmation of their securities trade with minimal surcharges and commissions. The company successfully launched MidasTrade GDAN in South Korea and the U.S. in March 2002 and is expanding to Canada, Hong Kong and Europe. Additional information is available at www.midastrade.com.

About MF Global

MF Global Ltd., formerly Man Financial, is the leading broker of exchange-listed futures and options in the world with offices in Bermuda, New York, London, Chicago, Paris, Mumbai, Singapore, Sydney, Toronto, Tokyo, Hong Kong, Taipei and Dubai.

It provides execution and clearing services for exchange-traded and over-the-counter derivative products as well as for non-derivative foreign exchange products and securities in the cash market. MF Global operates across a broad range of trading markets, including interest rates, equities, currencies, energy and metals, agricultural and other commodities. Its worldwide client base of more than 130,000 active accounts ranges from financial institutions, industrial groups, hedge funds and other asset managers to professional traders and private/retail clients. MF Global operates in 12 countries on more than 70 exchanges, providing access to the largest and fastest growing financial markets in the world. It is the leader by volume on many of these markets and on a single day averages six million lots, more than most of the world's largest derivatives exchanges.

This tremendous pool of liquidity attracts clients that desire market information and the ability to keep up with the changing nature of the derivatives markets. Because its business is uniquely diversified across products, trading markets, customers and regions, MF Global is able to adapt quickly to changing market conditions and client needs, and maintain its market-leading position.

Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.

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