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                   Hoenig: Energy Expert Joins Hoenig


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

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

For Immediate Release

        Dr. Mordechai Abir, Leading Expert on Energy and
        International Relations, Joins Hoenig & Co., Inc.

Rye Brook, New York, June 21, 2000, Hoenig Group Inc. (NASDAQ: HOEN) is
pleased to announce that Dr. Mordechai Abir today joined Hoenig & Co.,
Inc. as Director of Energy and Geopolitical Research.  Dr. Abir will
continue to provide written reports and on-going consultation about
geopolitical factors affecting the energy industry to institutional
investors and industry participants.

Mr. Fredric P. Sapirstein, Chairman and CEO, commented, "I have known
Dr. Abir for 20 years and am confident that his first-rate analysis of
the energy industry will provide Hoenig with an important research
capability.  The timing of Dr. Abir's arrival is particularly beneficial
given important recent developments affecting the oil and gas
industries.  Dr. Abir's work will complement Hoenig's existing research
and trade execution strengths and will help to broaden Hoenig's client
relationships. I am very pleased to welcome such a high caliber
professional to our organization."

Dr. Abir commented, "I am thrilled to join forces with Hoenig & Co.,
Inc.,  a highly entrepreneurial organization.  Hoenig's trading
strengths and global presence are a strong combination, and I look
forward to making a meaningful contribution to Hoenig's focused internal
research effort."

Prior to joining  Hoenig, Professor Abir has had a long and
distinguished career at Schroder & Co. Inc., where he had been Senior
Strategist, Energy & International Relations.  Dr. Abir is a leading
expert on the political factors affecting the oil and gas industries.
He is Professor Emeritus at the Hebrew University of Jerusalem and has
been a guest scholar at a number of leading  universities, including the
London School of Economics, the School for Advanced International
Studies at John Hopkins University in Washington, D.C., the Woodrow
Wilson Center for International Scholars in Washington, D.C. and The
Brookings Institute in  Washington, D.C.  Dr. Abir has authored numerous
books and articles on the subjects of Middle Eastern and international
politics and geopolitical factors affecting the energy industry.

For thirty years, Hoenig Group Inc. has provided high quality trade
execution, independent research and premier client service to
professional money managers and alternative investment funds throughout
the world.  Hoenig Group Inc. operates through its brokerage
subsidiaries in the United States, United Kingdom  and Hong Kong.
Hoenig Group's U.S. asset management subsidiary, Axe- Houghton
Associates, Inc., manages $4.5 billion on behalf of public and corporate
employee benefit plans, investment partnerships and other institutional
investors.

End