Liquidnet Receives Approval for Broker Registration in Japan

Liquidnet Receives Approval for Broker Registration in Japan

March 26, 2007

Financial Supervisory Agency Registration Marks Important
Step into Market


    TOKYO, March 26 /Xinhua-PRNewswire/ -- 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
Japan."

    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
http://www.liquidnet.com .


    For more information, please contact:

     Nicole Olson
     Liquidnet Corporate Communications
     Tel:   [phone]
     Email: [e-mail]