New York, June 8, 2009 – Liquidnet, the Global Institutional Marketplace, today announced that it is partnering with NYSE Euronext (NYX), the premier global exchange group to bring greater efficiencies and transparency to the interactions between institutional investors and corporate management. The combination of Liquidnet’s Global Institutional Marketplace and NYSE Euronext will provide the opportunity for unparalleled access to new and unique services for institutional investors and corporate issuers serviced by both organizations.
Liquidnet Announces Partnership with NYSE Euronext® to Launch New Services to Uniquely Connect Institutional Investors with Corporate Issuers
Liquidnet is launching a new corporate access business with the introduction of Liquidnet InfraRedTM. InfraRed is a proprietary desktop application accessed through NYSE’s ‘NYSEnet’ system that aggregates institutional demand, news sentiment and block trading data. For the first time, IROs and CFOs will be enabled to take a proactive approach in their outreach to their targeted institutional investors. InfraRed is the first offering in a series of future initiatives that Liquidnet will introduce in building its new corporate access business.
“We have always looked for opportunities where technology can be used to greatly improve efficiencies for businesses in the investment sector,” said Seth Merrin, CEO of Liquidnet Holdings. “The corporate access business, in its current state, is highly inefficient and a perfect example of how legacy practices often fail to serve the needs of issuers and investors alike. We set out to change that and we have created a new and innovative model that seamlessly connects issuers and investors. We believe that this new model will mitigate the inherent conflicts that often arise in servicing both the portfolio managers at our Member firms and NYSE Euronext’s corporate issuers. The launch of this new business expands the benefits of the Liquidnet community which now includes portfolio managers, analysts and issuers,” concluded Merrin.
Lawrence Leibowitz, Group Executive Vice President & Head of U.S. Execution & Global Technology, NYSE Euronext, added: “Liquidnet InfraRed offers a unique approach to corporate access and issuer services. This product complements the market intelligence provided by the NYSE Market Access Center with unparalleled insights on buy and sell trends, block volume including peer and industry views, and other valuable capabilities. NYSE Euronext is a natural partner given our strength within the issuer community, and we are looking forward to delivering this new offering to our customers and to adding Liquidnet InfraRed to our growing array of issuer services.”
A registration statement relating to the Class A Common Stock of Liquidnet Holdings, Inc. has been filed with the SEC , but has not yet become effective. The Class A Common Stock of Liquidnet Holdings, Inc. may not be sold nor may offers to buy be accepted prior to the time that the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Liquidnet is the world’s institutional marketplace that facilitates institutional equities trading for institutional investors worldwide. By giving buy-side traders a first look at a global natural liquidity pool averaging approximately 8.2 billion shares per day (for the quarter ended March 31, 2009 ). Liquidnet consolidates and delivers the institutional equities market directly to the desktops of 582 buy-side trading firms (as of March 31, 2009 ). Institutional investors use the Liquidnet marketplace to enhance the quality and speed of trade execution, gain price improvement for their trades, and, ultimately, lower overall trading costs. Launched in 2001, Liquidnet now trades in 29 equity markets across five continents. Participation in the Liquidnet marketplace is open to all market participants who can meet criteria designed to preserve the integrity of the platform. Liquidnet is headquartered in New York with offices in London , Toronto , Tokyo , Hong Kong , Sydney and Singapore . Additional company information is available online at www.liquidnet.com.
2009 Liquidnet Holdings, Inc. and its subsidiaries. Liquidnet, Inc. is a member of FINRA/SIPC. Liquidnet Europe Limited is regulated by the U.K. Financial Services Authority and is a member of the London Stock Exchange. Liquidnet Canada Inc. is a member of IIROC and a member of CIPF. Liquidnet Asia Limited is regulated by the Hong Kong Securities and Futures Commission as a licensed dealer and a provider of automated trading services pursuant to the Securities and Futures Ordinance and is regulated by the Monetary Authority of Singapore as a Recognised Market Operator. Liquidnet Japan Inc. is regulated by the Financial Services Agency of Japan and is a member of JSDA/JIPF. Liquidnet Australia Pty Ltd. is a licensed corporation under the Corporations Act of Australia, AFSL number 312525.
About NYSE Euronext
NYSE Euronext (NYX) is the world’s most diverse exchange group, offering a broad and growing array of financial products and services in Europe and the United States that include cash equities, futures, options, exchange-traded products, bonds, market data, and commercial technology solutions. With over 8,000 listed issues globally, NYSE Euronext's equities markets -- the New York Stock Exchange, Euronext, NYSE Arca, and NYSE Amex -- represent nearly 40% of the world's cash equities trading volume, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, the leading European derivatives business and the world’s second largest derivatives business by value of trading. NYSE Euronext offers comprehensive global commercial technology, connectivity, and market data products and services through its innovative trading solutions unit, NYSE Technologies. NYSE Euronext is part of the S&P 500 index and the only exchange operator in the S&P 100 index. For more information, please visit: www.nyx.com.
Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning NYSE Euronext’s plans, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on NYSE Euronext’s current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause NYSE Euronext’s results to differ materially from current expectations include, but are not limited to: NYSE Euronext’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk and U.S. and global competition, and other factors detailed in NYSE Euronext’s reference document for 2008 (“document de référence”) filed with the French Autorité des Marchés Financiers (Registered on April 28, 2009 under No. R. 09-031), 2008 Annual Report on Form 10-K and other periodic reports filed with the U.S. Securities and Exchange Commission or the French Autorité des Marchés Financiers. In addition, these statements are based on a number of assumptions that are subject to change. Accordingly, actual results may be materially higher or lower than those projected. The inclusion of such projections herein should not be regarded as a representation by NYSE Euronext that the projections will prove to be correct. This press release speaks only as of this date. NYSE Euronext disclaims any duty to update the information herein.
Contact: Tom Gibbons