Liquidnet To Open Singapore Office

Liquidnet is to open an office in Singapore in November 2008 amid surging interest in the region among its buy-side membership. Liquidnet currently has 109 members signed on to trade Asia-Pacific equities on its platform (as of 31/07/08) which gives institutional investors a protected venue to make large trades without attracting price-altering attention. The office is Liquidnet's fourth in the region after Hong Kong, Tokyo, and Sydney.

"Member interest in Singapore and all of Asia has grown stronger as the global markets have become more challenging," said David Klinger, managing director of Liquidnet Asia. "Buy-side investors representing millions of individual investors are expressing an even greater need in these shifting markets to trade large blocks of Asian stock quickly to preserve the conviction of their trading decisions. That is where we add great value."

Liquidnet already provides trading in Singapore. During the third quarter of 2008, the average value of a trade in Singapore equities in Liquidnet was S$1.8 million.

Greg Henry will manage the office and report directly to David Klinger. Henry was most recently responsible for portfolio trading operations at Liquidnet in New York. He joined the firm in July 2004 having previously worked with Fidelity Capital Market Services, Investment Technology Group Inc. and Instinet Inc.

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Liquidnet
Electronic marketplace that facilitates institutional equities trading for asset management firms worldwide.
PIMCO
Asset management subsidiary of Allianz Global Investors, a subsidiary of the Munich-based Allianz Group, a leading global insurance company.

Liquidnet

Liquidnet is an electronic marketplace that facilitates institutional equities trading for asset management firms worldwide. By giving buy-side traders a first look at a global natural liquidity pool of more than 7.98 billion shares per day of liquidity on average, Liquidnet consolidates and delivers the institutional equities market directly to the desktops of 535 buy-side trading firms. 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 30 equity markets across five continents. Liquidnet is headquartered in New York with offices in London, Toronto, Tokyo, Hong Kong and Sydney. Additional company information is available online at www.liquidnet.com.