FOR IMMEDIATE DISTRIBUTION

JEFFERIES LAUNCHES ALGORITHMIC TRADING STRATEGIES FOR
EQUITY MARKETS IN GREECE AND SOUTH AFRICA

NEW YORK and LONDON, May 19, 2010 -- Jefferies, which recently launched a series of trading algorithms for equity markets in the US, Canada and more than a dozen countries across Europe, announced today that its algorithms are now also available for trading on exchanges in Greece and South Africa.

The suite of algorithms available for Greece and South Africa is the same as that which was released for the numerous other markets in which the firm participates. These options include unique algorithms like MultiScale and Trader, which allow traders to have a higher degree of control over their algorithmic executions by being responsive to market volatility, by having the ability to switch strategies instantaneously, and by reacting to market events and liquidity situations in a timely manner.

"Looking ahead, we will continue to broaden the geographic reach of our algorithmic trading platform to better serve the needs of our institutional clients," said Daniel Charney, Head of Global Electronic Trading Services at Jefferies.

Jefferies also plans to expand its trading algorithms to Asia, Brazil and Mexico by the end of the year.

Jefferies, a major global securities and investment banking firm, has served companies and their investors for more than 48 years. Jefferies & Company, Inc. is the principal US operating subsidiary of Jefferies Group, Inc. (NYSE: JEF: jefferies.com), and Jefferies International Limited is the principal UK operating subsidiary. Jefferies International Limited, a UK-incorporated company, is authorised and regulated by the UK Financial Services Authority.

For further information, please contact:

Tom Tarrant, Jefferies & Company, Inc., 203 708 5989, ttarrant@jefferies.com
Desiree Maghoo, Jefferies International Limited, 44 20 7029 8085, dmaghoo@jefferies.com
Josh Passman, CJP Communications, 212 279 3115, x203, jpassman@cjpcom.com