CORPORATE FINANCIALS ONLINE Fastest direct links to news from publicly-traded companies.

                                        NEWS RELEASE

                        For:     Hoenig Group Inc.
                                 4 International Drive
                                 Rye Brook, NY  10573

                        Company
                        Contact: Fredric P. Sapirstein
                                (914) 935-9000

FOR IMMEDIATE RELEASE


HOENIG GROUP INC. REPORTS FINANCIAL RESULTS FOR THE FIRST QUARTER 
2000

Rye Brook, New York, April 14, 2000, Hoenig Group Inc., (NASDAQ SYMBOL
HOEN) today reported record commissions and investment management fees
for the three months ended March 31, 2000.

Operating revenues for the first quarter ended March 31, 2000 increased
29.1% to  $26.6 million, as compared to $20.6 million for the same
period in 1999.  Commission revenues increased 25.6% to $23.4 million
from $18.6 million in the first quarter 1999.  Investment management
fees increased 60.6% to  $3.1 million for the three months ended March
31, 2000, as compared to $2.0 million for the same period in 1999.

Operating income for the first quarter increased 63.6% to $2.5 million
from $1.6 million in the first quarter 1999.  Net investment income was
$0.6 million in the first quarter, as compared to $0.7 million during
the same period in 1999.  Net income for the quarter increased 48.2% to
$1.8 million from $1.2 million in the same period in 1999.

Basic earnings per share for the three months ended March 31, 2000 was
$0.22, as compared to $0.14 for the same period in 1999, based upon
weighted average shares outstanding of 8,174,541 in 2000 and 8,636,392
in 1999.  Diluted earnings per share was $0.20, as compared to $0.13 in
the first quarter 1999, based upon weighted average shares and
equivalents outstanding of 9,055,846 in 2000 and 9,363,098 in 1999.

The financial results for the three months ended March 31, 1999 include
operating expenses of approximately $0.3 million related to the
restructuring of the Company's brokerage operations in Tokyo, Japan.
The Company continues to evaluate maintaining operations in Tokyo.

At March 31, 2000, the Company had cash, U.S. government obligations,
net accounts receivables and other investments of $51.3 million, as
compared to $54.8 million as of December 31, 1999, and $48.4 million as
of March 31, 1999.

Hoenig Group Inc. provides global securities brokerage to institutional
clients through its wholly- owned subsidiaries in the United States,
United Kingdom, Hong Kong and Japan.  Hoenig Group Inc.'s wholly-owned
subsidiary, Axe-Houghton Associates, Inc., provides professional
investment management to public and corporate employee benefit plans,
investment partnerships and other institutional clients.

This press release contains forward looking statements that relate to
future plans, events and performance.  These forward looking statements
involve risks and uncertainties.  These risks and uncertainties are set
forth in the Company's periodic reports and other filings with the
Securities and Exchange Commission.  Forward looking statements reflect
the Company's current views with respect to future events.  Actual
events and results may vary materially and adversely from those
anticipated, believed, estimated or otherwise indicated.


Financial Data Three Months Ended March 31, 

                                   2000             1999

Operating Revenues               $26,614,544     $20,620,713
Operating Income                   2,548,748       1,558,288
Net Investment Income and other      563,425         696,982
Income before Income Taxes         3,112,173       2,255,270
Net Income                         1,804,173       1,217,582
Earnings Per Share 		
      Basic                              .22             .14
      Diluted                            .20             .13


End