Liquidnet Sets Volume Records, Expands the Global Trading Community and Broadens Offerings With the Swift Integration of Miletus Trading

Liquidnet Sets Volume Records, Expands the Global Trading Community and Broadens Offerings With the Swift Integration of Miletus Trading

July 25, 2007

Liquidnet-Miletus integrated Supernatural(TM) Strategies
Deliver Market Impact Savings of Approximately 24 Cents Per
Share


    NEW YORK, July 25 /Xinhua-PRNewswire/ -- 

    Liquidnet, the top brokerage firm for global
trading(1), announced its second quarter 2007 results
today, posting record performance in the United States,
Europe, and Canada. In addition, the rapid integration with
Miletus Trading, an agency-only quantitative broker acquired
March 2007, has accrued immediate benefit to Liquidnet's
Membership by providing new program trading functionality.

    "It is especially gratifying to see our strategy
of building a single global institutional marketplace
progressing so quickly," said Seth Merrin, CEO of
Liquidnet. "We saw a nice increase in our average
daily liquidity and believe we will continue to benefit
from the greater global emphasis on achieving best
execution and the expanding spectrum of trading
opportunities presented by our Miletus acquisition."

    Liquidnet Europe led the firm's global growth for the
quarter, posting a record for principal traded with 7.5
billion pounds. Liquidnet Canada increased its average
daily liquidity 44 percent to nearly 127 million shares. 
And Liquidnet U.S. had a record day for trading volume on
April 26 with 90,757,700 shares; in addition, Members
crossed 50 one-million or greater trades in the quarter.

    Miletus Trading clients began benefiting from the first
Liquidnet/Miletus integrated product -- a set of hybrid
strategies that combine the two firms' functionalities.  It
has resulted in market impact savings of as much as 24 cents
per share.  This equates to portfolio-level performance
enhancement of approximately 3.12 cents per share, when
compared with Liquidnet's crossing rate of 13 percent. 

    Liquidnet (U.S.)

    In addition to a record day for trading volume and the
most million-share or greater trades in a quarter with 50,
Liquidnet expanded its liquidity pool to a record 3.28
billion shares, with two billion shares through the
negotiated pool and another 1.2 billion delivered to
Liquidnet H2O through the firms' 18 Streaming Liquidity
Partners.  Liquidnet also posted an average execution size
of more than 52,000, the highest in 20 quarters.  

    Average daily negotiated volume during the second
quarter (54.6 million shares,) was the second-highest ever
for the firm, behind a record Q1 2007 (56.8 million), and
represented a 17 percent increase year-over-year. 

    Liquidnet Europe 

    Liquidnet Europe's 7.5 billion pounds in principal
traded represents a 10 percent increase over last quarter's
6.8 billion pounds and a 90.72 percent rise from the same
period a year ago (3.9 billion pounds).  Total European
Principal Liquidity for the quarter was 567,310,417,726
pounds.  The number of member firms rose 11 percent over
last quarter to 71 from 64. 

    Liquidnet Canada

    Liquidnet Canada continued its aggressive rise since
its launch on October 14, 2006, recording a 44 percent
increase in average daily liquidity over last quarter (127
million shares vs. 88 million shares), a 24 percent
quarterly increase in average daily volume (505 thousand
shares vs. 407 thousand shares). 

    About Liquidnet

    Liquidnet is the top brokerage firm for global 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 22 equity markets globally.
Liquidnet is headquartered in New York with offices in
London, Toronto, Tokyo, Hong Kong and Sydney. Additional
company information is available online at
http://www.liquidnet.com .

    Liquidnet, Inc. is a member of the NASD/SIPC. Miletus
Trading, LLC is a member of 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 in the process of applying to the
Hong Kong Securities and Futures Commission for the relevant
license / authorization to conduct regulated activities in
Hong Kong. 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 regulated by the Financial Services Agency of Japan
and is a member of JSDA/JIPF. Liquidnet Australia Pty Ltd.
is applying to the Australian Securities and Investments
Commission for the relevant license/authorization to
conduct regulated activities in Australia.

    1. According to Institutional Investor December 2006
issue. Includes brokerages with greater than $2.25 billion
in principal traded


    For more information, please contact:

     Jim Gorman 
     Liquidnet Corporate Communications 
     Tel:   [phone]
     Email: [e-mail]
     Web:   http://www.liquidnet.com