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LIQUIDNET EUROPE SELECTS MARKIT BOAT

Markit, a leading provider of independent data, portfolio valuations and OTC derivatives trade processing, today announced that Liquidnet Europe Limited ("Liquidnet Europe"), one of Europe's largest 'dark pools' of liquidity and TradeTech European Award winner for Best Overall Execution Venue, has chosen Markit BOAT as its preferred trade reporting platform. Liquidnet Europe is the third Multilateral Trading Facility (MTF) to join Markit BOAT since its launch on 1 November 2007.

Under MiFID, MTFs are required to report all trades that take place on their platforms. Liquidnet Europe will use Markit BOAT to report all the trades in European equities it executes from 5 May this year.

Will Meldrum, Managing Director and Head of Markit BOAT at Markit, said: "Liquidnet is a major player in the European OTC equity markets and we are delighted that they have joined the Markit BOAT platform. This will further consolidate our position as the leading trade reporting venue for the OTC equity markets."

John Barker, Managing Director at Liquidnet Europe, said: "Markit BOAT has a robust technology infrastructure and an attractive commercial model, which are key attributes we look for in any of our business relationships. Just like Liquidnet, Markit BOAT was built to bring a cheaper and more efficient service to the industry. It therefore made sense from both an operational and business perspective to use Markit BOAT's trade reporting service."

Liquidnet Europe is a buy-side only crossing network that provides its members with access to 21 European equity markets, as well as LSE-listed GDRs [1] (Reg-S). Last year, principal volumes on Liquidnet Europe increased by over 100 percent for the fourth consecutive year and the company reported a strong fourth quarter with principal volumes totalling £12.1 billion, up 174 percent from the same period in 2006.