Product Launch

ADVFN.COM PLC
05 September 2002


                                  PRODUCT LAUNCH

                 STANDARD & POOR'S AND ADVFN DELIVER NASDAQ LEVEL 2

LONDON (5 September, 2002) - Standard & Poor's (S&P), the leading financial
information and ratings provider, and ADVFN, the UK's leading Investor Website
have linked to deliver Nasdaq Level 2 information to UK private investors.

Level 2 is complex information on the order books of stocks trading in the
market and is used by professionals and sophisticated investors to judge the
direction of the markets during the trading day. ADVFN has pioneered the
distribution of UK Level 2 from the London Stock Exchange via the internet.

Clem Chambers, MD of ADVFN, said  'Trading the market without level 2 is like
driving at night without headlights. With ADVFN's successful introduction of
real time US prices from Standard & Poor's ComStock, introducing US Level 2 is
the next logical step.'

Mark Hepsworth, MD of Standard & Poor's Investment Services, said: 'ADVFN is a
major player in the UK retail marketplace and we are delighted to be working
with them on this major enhancement to their service which we believe will prove
popular.'

In a deal with Standard & Poor's Comstock, ADVFN will bring US Level 2 to market
in the last quarter of 2002.


About Standard & Poor's

Standard & Poor's, a division of The McGraw-Hill Companies (NYSE: MHP), provides
independent financial information, analytical services, and credit ratings to
the world's financial markets.  Among the company's many products are the S&P
Global 1200, the first real-time, global equity index, the S&P 500, the premier
U.S. portfolio index, and credit ratings on more than 220,000 securities and
funds worldwide. With more than 5,400 employees located in 18 countries,
Standard & Poor's is an integral part of the world's financial architecture. For
more information, visit our web site at www.standardandpoors.com.



About Standard & Poor's ComStock

Standard & Poor's ComStock (www.spcomstock.com ) provides real-time worldwide
financial information, including securities, foreign exchange and commodities
data, news, historic information and software applications, to retail and online
brokers, financial planners and advisers, institutional investors, and online
portal redistributors. Standard & Poor's ComStock's global real-time datafeed
can be supplemented with proprietary information and services from the entire
Standard & Poor's organization.



About ADVFN

Launched in the last quarter of 1999, ADVFN (www.advfn.com) floated on AIM in
March 2000. ADVFN is the biggest UK share prices information website on the
internet. Its services include:


Free real-time prices direct from the Stock Exchange
US real time Nasdaq, NYSE and Amex prices with Indices
UK Level 2 data
Real time UK RNS and AFX
Alerts
Comprehensive fundamental data with screening tools.
Streaming Charts and Stock monitors.
Portfolio service
Trade Analyser
Data download area
UK's biggest Bulletin Boards

For further information contact:
Leanne Allison, Standard & Poors: + 44 (0) 20 8545 6617
Clem Chambers, ADVFN:  [phone]
Tasneem Jinnah, Penrose Financial: + 44 (0) 20 7786 4862


                      This information is provided by RNS
            The company news service from the London Stock Exchange