Lime Brokerage to Acquire Stake in BATS Trading ECN

New York - 25 September 2006

Lime Brokerage LLC announced today that it has acquired a minority stake in BATS Trading Inc., a high-speed ECN (Electronic Communications Network) designed to handle high-volume electronic trading. Details of the transaction were not released.

"Lime Brokerage is pleased to announce our investment in BATS trading," said Alistair Brown, Chief Executive Officer of Lime Brokerage. "We were impressed by the innovation and dedication of the BATS team. Their emergence in such a highly competitive market should greatly benefit our growing customer base."

In 2005, Dave Cummings, founder of high-speed, automated liquidity provider Tradebot Systems, established BATS Trading, a next generation platform designed to handle high-speed, high-volume and anonymous algorithmic trading for broker-dealers. Lime Brokerage is presently a subscriber to BATS.

"We established BATS to address the increasingly sophisticated needs of the trading community," said Dave Cummings, Chairman and Chief Executive Officer of BATS Trading. “We are honored Lime Brokerage has chosen to invest in our technology."

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