Yuanta Securities joins MetaBit’s Asian Market Liquidity Hub

Japan/Taiwan - 18 September 2007

MetaBit announces that Yuanta Securities Co. (Yuanta), Taiwan’s largest broker has connected to their Market Liquidity Hub (MLH), becoming their first domestic Taiwanese sell side broker on MetaBit’s FIX trading network. Yuanta has become the 26th broker to connect to the MLH as an execution destination for MetaBit’s buy side clients to electronically access Taiwan’s stock. The addition of Yuanta represents yet another milestone in MetaBit’s strategic expansion in Asia, which focuses on providing access to local markets through local securities firms.

“The connection to MetaBit’s MLH represents an opportunity for both parties,” says William Moomaw, Manager-Electronic Trading. “Japan is Taiwan’s largest trading partner and there is a natural fit in connecting to their MLH to receive order flow from MetaBit’s domestic and Asian buy sides to have access to our products and services. It is of Yuanta’s strategy to become the prime execution destination for Japanese institutional investors. Hence, connectivity with MetaBit was an important step to achieve such strategic objective.”

”MLH connectivity to local brokers in Asia is a key element to MetaBit’s service offering in Asia. Adding Yuanta, Taiwan’s largest broker to our MLH FIX network as an execution destination represents a further key element to our Asian markets strategy.” Says Daniel Burgin, CEO of MetaBit. “Connecting to Yuanta in Taiwan, MetaBit’s Market Liquidity FIX Network gains further depth and MetaBit is pleased to add one of Taiwan’s major household name to its client list.”

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