Liquidnet Receives Approval for Broker Registration in Japan

    Financial Supervisory Agency registration marks important step into market

    TOKYO, March 25 /CNW/ -- Liquidnet, the #1 electronic marketplace for
institutional-only block trading, announced today it has received broker
registration certification from the Financial Supervisory Agency of Japan.
    This important approval brings Liquidnet closer to full entry in the
Japanese market, which will allow Japanese buy-side institutions to join
Liquidnet's global Membership of nearly 400 firms that form a new global
institutional marketplace for Japanese equity trading.
    "Liquidnet's entry into Japan means that as a global trader, I will have
access to liquidity in one of the most significant world markets via a proven
large-block trading venue," said Steven Wood, Executive Director and Global
Head of Trading Investment at Schroders Investment Management Limited. "My
firm is looking forward to the day that the Liquidnet system is live in
    Liquidnet currently supports trading in 20 equity markets globally, and
its Member firms collectively manage more than $13 trillion in equity assets
under management. The firm plans to launch Japanese trading capabilities this
summer for its Members based outside of the country, and trading by Japanese-
domiciled firms by year-end.
    "We are extremely pleased and honored to be recognized by the FSA as a
qualified broker," said Seth Merrin, CEO of Liquidnet. "Providing the ability
for Japanese asset management firms to be able to execute large-block equity
orders securely and anonymously is critical for our growth as a global
institutional marketplace."

    About Liquidnet
    Liquidnet is the #1 electronic marketplace for block trading. Founded in
the United States in 2001, Liquidnet was built to solve the inefficiencies
that currently affect the institutional trading industry. By providing an
electronic marketplace where money management institutions can trade large
blocks of equities directly and anonymously, Liquidnet offers its Member firms
significant price improvement with little to no market impact. The Liquidnet
system was designed to bring liquidity to the trader, reversing the current
paradigm of searching for liquidity. Liquidnet launched its European
operations in 2002 and its Canadian operations in 2005.
    Liquidnet, Inc. is a registered U.S. broker/dealer, headquartered in New
York City and a member of NASD/SIPC. Headquartered in London, Liquidnet Europe
Limited is regulated by the U.K. Financial Services Authority and is a member
of the London Stock Exchange. Liquidnet Japan is headquartered in Tokyo and is
regulated by the Financial Supervisory Agency of Japan. Liquidnet Asia
Limited, headquartered in Hong Kong, has applied for the appropriate
licenses/authorizations from the Hong Kong Securities and Futures Commission.
Liquidnet Asia Limited is not currently licensed, regulated or otherwise
authorized by the Monetary Authority of Singapore, and is not currently
holding itself out as operating a market in Singapore. Additional company and
product information is available online at

For further information:

For further information: Nicole Olson of Liquidnet Corporate 
Communications, +1-646-674-2149, Web Site:

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