Liquidnet to Acquire Miletus Trading

Liquidnet to Acquire Miletus Trading

January 23, 2007

    NEW YORK, Jan. 23 /Xinhua-PRNewswire/ -- Liquidnet, the
#1 electronic global marketplace for block trading,
announced today that it has signed a definitive agreement
to acquire Miletus Trading, a leading agency-only brokerage
firm that provides advanced, quantitative execution
strategies and analytics to institutional investors. The
transaction is expected to close by the end of March,
pending regulatory approval.

    "Liquidnet's acquisition of Miletus is an integral
part of our strategy to build a more efficient global
institutional marketplace for the buy side," said Seth
Merrin, CEO of Liquidnet. "Miletus and Liquidnet are
like-minded firms. Both companies are focused on how
innovation and technology can empower buy-side traders and
improve their trading results. Together, Liquidnet and
Miletus will introduce the next-generation institutional
trading model. We look forward to unveiling our new
products to our joint Membership base in the coming
months."

    Michael Capelli, Co-founder and Managing Director of
Miletus Trading, added, "By fusing Miletus' technology
with Liquidnet's 3.5-billion-share liquidity pool we will
create an even more compelling marketplace that advances
the way institutions trade equities."

    Putnam Lovell NBF Securities Inc. acted as sole
financial adviser to Miletus during this transaction.

    About Miletus Trading

    New York-based Miletus Trading (
http://www.Miletustrading.com ) is a leader in quantitative
execution technology. The agency-only broker was founded on
the belief that buy-side traders and portfolio managers
need more efficient and effective ways to employ real-time
quantitative execution strategies. Miletus is a member of
the NASD/SIPC.

    About Liquidnet

    Liquidnet is the #1 electronic marketplace for block
trading. Liquidnet allows money management institutions to
trade large blocks of equities directly and anonymously
with significant price improvement and little-to-no market
impact. Liquidnet launched in 2001, and the company now
enables its Members to trade in 20 equity markets globally.
Liquidnet is headquartered in New York with offices in
London, Toronto, Tokyo and Hong Kong. Additional company
information is available online at http://www.liquidnet.com
.

    (C)2006 Liquidnet Holdings, Inc. and its subsidiaries. 
Liquidnet, Inc. is a member of the NASD/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 regulated by the Ontario
Securities Commission and is a member of IDA/CIPF.
Liquidnet Asia Limited is applying to the Hong Kong
Securities and Futures Commission for the relevant license
/ authorization to conduct regulated activities in Hong
Kong and to the Australian Securities and Investments
Commission for the relevant license / authorization to
conduct regulated activities in Australia. 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. Liquidnet Japan Inc. is applying for a
license/approval from the Financial Supervisory Agency of
Japan and the Japan Securities Dealers Association.    


    For more information, please contact:

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


SOURCE  Liquidnet