PHOENIX FINANCIAL SERVICES Announces Strategic Partnership with XELINK to Enhance Buyside Solutions with Best Execution Offering

Paris, France - 23 May 2011

PHOENIX FINANCIAL SERVICES, a leader in end-to-end global integrated technology solutions and services for the buy and sell side financial sectors is pleased to announce the strategic partnership with XELINK, an innovative algorithmic strategies solutions provider. This partnership will enable PHOENIX FINANCIAL SERVICES to enhance their order and execution management platform with algorithmic best execution services confirming PHOENIX’s ambition to become a leader in buy side solutions. Under the terms of the agreement, PHOENIX FINANCIAL SERVICES will gradually gain full control of XELINK; the Founder and Managing Director, Alfred Attipoe, will become a shareholder of PHOENIX and member of the Executive Team. He will head the Algorithmic Trading and Best Execution business unit within PHOENIX enhancing the XELINK product offering.

PHOENIX FINANCIAL SERVICES will capitalize on XELINK’s unique competence centre that in-sources the technology-intensive services related to trading risk management and enables institutions active in capital markets to move swiftly to new markets and products. Our clients will be able to address the challenges of best execution through the usage of automated strategies in quest of liquidity across exchanges and trading venues while simultaneously effectuating explicit pre and post trade risk controls.

Frédéric CARON, Chief Executive Officer of PHOENIX FINANCIAL SERVICES, commented: “Financial institutions are facing an environment characterized by fragmentation of liquidity, high volatility and customer demand for best execution. This is a great opportunity for PHOENIX FINANCIAL SERVICES in our quest to remain at the forefront of technology and services we want to offer our customers. This deal also demonstrates that PHOENIX FINANCIAL SERVICES continues to aggressively grow revenue both organically and through acquisitions.”
Alfred ATTIPOE, Founder and Managing Director of XELINK, commented: “XELINK will capitalize on PHOENIX’s sales distribution network and marketing capabilities extending the XELINK product offering within continental Europe. This strategic partnership will also enable XELINK to enhance our current solution benefiting from PHOENIX’s SaaS infrastructure and managed connectivity service, data management, and professional support services to drive XELINK’s algorithmic platform.

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