Canadian and Asian Volumes Reach Record Highs on Liquidnet’s Institutional Marketplace

Investors Seeking Safe and Efficient Markets Find Global Investment Opportunities

NEW YORK--(BUSINESS WIRE)--Liquidnet, the institutional equities marketplace, today announced performance highlights and monthly and year-to-date trading statistics for U.S. and international equities.

Trading volume continues to grow across the globe, in some regions to record levels.

• U.S. trading volume increased by 25% from December 2010 to January 2011.
• International principal traded in January increased by 19% year-over-year.
• European principal traded increased 29% from December 2010 to January 2011.
• Liquidnet Asia broke a monthly record with US$1.58 billion traded in January 2011, which comes after a record year in 2010.
• Liquidnet Canada continued to set new records for shares matched and traded on a block marketplace, and beat its previous monthly volume record by nearly 14% after trading over 60 million shares in January. This is an 81% increase over January 2010.

January Volume

	Current Month & Year to Date^i
	January 2011	January 2010	Change
Total U.S. trading volume (shares in thousands)^ii	1,274,821	1,281,971	(1)%
Total U.S. trading days	20	19	1 Day
Average daily U.S. trading volume (shares in thousands)	63,741	67,472	(6)%
Average daily U.S. natural liquidity (shares in thousands)	1,943,047	2,002,495	(3)%
Average U.S. execution size in shares^iii	50,856	49,601	3%
Total international principal traded ($USD in thousands)	$10,504,567	$8,890,538	18%
Total foreign exchange adjusted international principal traded ($USD in thousands)^iv	$10,489,890	$8,890,538	18%

About Liquidnet

Liquidnet is the institutional equities marketplace, bringing together the world’s largest asset managers and public companies on a single network that directly connects traders, portfolio managers, analysts and corporate issuers. Liquidnet enables its Members to achieve greater performance by moving from investment idea to implementation faster, ultimately retaining more alpha throughout the entire institutional investment cycle. Launched in 2001, Liquidnet extends to 39 equity markets across five continents. Liquidnet is headquartered in New York with offices in Boston, London, San Francisco, Chicago, Toronto, Tokyo, Hong Kong, Sydney and Singapore. For more information on Liquidnet, its liquidity, block executions, and additional investment capabilities, visit www.liquidnet.com.

A registration statement relating to the Class A Common Stock of Liquidnet Holdings, Inc. has been filed with the SEC, but has not yet become effective. The Class A Common Stock of Liquidnet Holdings, Inc. may not be sold nor may offers to buy be accepted prior to the time that the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

ⁱ Historical numbers may be subject to revision.
ⁱⁱ Consists of shares of U.S. equity securities executed in our negotiation and Liquidnet H2O® ATSs and third party execution venues.
ⁱⁱⁱ Negotiation product.
^iv Amounts adjusted to reflect foreign exchange rates for the same period from 2010.

© 2011 Liquidnet Holdings, Inc. and its subsidiaries. Liquidnet, Inc. is a member of FINRA/SIPC. Liquidnet Europe Limited is regulated by the Financial Services Authority and is a member of the London Stock Exchange and a remote member of the Warsaw Stock Exchange. Liquidnet Canada Inc. is a member of IIROC and a member of Canadian Investor Protection Fund. Liquidnet Asia Limited is regulated by the Hong Kong Securities and Futures Commission as a licensed dealer and a provider of automated trading services pursuant to the Securities and Futures Ordinance and is regulated by the Monetary Authority of Singapore as a Recognized Market Operator. Liquidnet Japan Inc. is regulated by the Financial Services Agency of Japan and is a member of JSDA/JIPF. Liquidnet Australia Pty Ltd. is a licensed corporation under the Corporations Act of Australia, AFSL number 312525 and is registered as an overseas company in New Zealand, number 2407809.