A Volatile Summer Leads to Surge in Liquidnet Volumes

NEW YORK--(BUSINESS WIRE)--As early August global equities trading saw high volatility and a spike in high frequency trading, volumes at Liquidnet, the global institutional marketplace, soared to their highest levels seen in more than two years. Volume peaked on August 9^th, Liquidnet’s biggest trading day of the year, with over 109 million shares traded.

“In difficult markets like these our Members turn to Liquidnet more than ever to find the safe liquidity that they need to get into and out of large positions, as well as the safety and efficiency necessary to minimize market impact,” said Brian Williamson, Senior U.S. Equities Analyst at Liquidnet.

Global trading highlights included:

U.S.

• August average daily volume increased by 52% to over 59 million shares per day when compared to August 2010.
• August average U.S. execution size increased by 9% to 48,909 shares when compared to August 2010.

Canada

• Year-to-date average daily liquidity increased by 43% year-over-year to U.S.$3.9 billion
• Year-to-date average daily principal traded increased by 126% year-over-year to more than U.S.$56 million

Europe

• Year-to-date average daily liquidity increased by 35% year-over-year to over U.S.$17 billion
• Year-to-date average daily principal traded increased by over 55% year-over-year to more than U.S.$317 million
• Largest trading day since 2010 was August 4^th, when over U.S.$593 million was traded

Asia Pacific

• Year-to-date average daily liquidity increased by over 68% year-over-year to more than U.S.$9.5 billion
• Year-to-date average daily principal traded increased by over 84% year-over-year to more than U.S.$73 million
• High volume was noted on August 10^th with over U.S.$162 million traded

August Volume

	Current Month^i			Year-to-Date^i
	August ‘11	August ‘10	Change	August ‘11	August ‘10	Change
Total U.S. trading volume (shares in thousands)^ii	1,365,320	861,679	58%	9,566,470	8,637,521	11%
Total U.S. trading days	23	22	1 day	168	167	1 day
Average daily U.S. trading volume (shares in thousands)	59,362	39,167	52%	56,943	51,722	10%
Average daily U.S. natural liquidity (shares in thousands)	1,863,100	1,156,220	20%	1,877,605	1,770,104	6%
Average U.S. execution size in shares^iii	48,909	44,885	9%	50,540	46,756	8%
Total international principal traded ($USD in thousands)	$9,390,001	$5,642,249	66%	$78,069,422	$59,941,835	30%
Total foreign exchange adjusted international principal traded ($USD in thousands)^iv	$9,747,534	$5,642,249	73%	$73,571,979	$59,941,835	23%

About Liquidnet

Liquidnet is the institutional equities marketplace connecting institutional investors with superior liquidity to achieve greater performance safely and efficiently through best execution trading. Liquidnet serves more than 630 institutional asset management firms that hold approximately 70 percent of the equity assets under management in the U.S. as of the second quarter of 2011. Liquidnet also continues to bring in new sources of safe, actionable liquidity from corporations, brokers, and exchanges. Launched in 2001, Liquidnet extends trading 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 the Liquidnet community, 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 authorized and regulated by the Financial Services Authority in the UK and licensed by the Financial Services Board in South Africa, and is a member of the London Stock Exchange and a remote member of the Warsaw Stock Exchange and SIX Swiss 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.