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Technology Stocks : IXnet-NASDAQ-(EXNT) -- Ignore unavailable to you. Want to Upgrade?

To: Ellen who wrote (8)	9/15/1999 5:37:00 PM
From: KS	Read Replies (1) \| Respond to of 33

September 15, 1999 16:50 National Quotation Bureau's Electronic Version of the Pink Sheets Goes 'Live' Today Via Ixnet's Extranet NEW YORK, Sept. 15 /PRNewswire/ -- The National Quotation Bureau (NQB) has selected IXnet (Nasdaq: EXNT), to help create significant new efficiencies in Over-the-Counter (OTC) secondary markets with an Electronic Quotation Service (EQS) for its Pink Sheets and Yellow Sheets going 'live' today. NQB's Pink Sheets and Yellow Sheets have been indispensable sources of OTC quotes for over 86 years. Now, with the advent of NQB's EQS, quotations in over 7,000 OTC securities are going electronic. IXnet provides a high-performance extranet for over 500 financial services firms around the globe and will fully manage the hosting and distribution of EQS on behalf of NQB. EQS enables Market Makers to competitively display real-time to OTC market participants their potential liquidity in thousands of Pink Sheets' equities, ADRs, and foreign ordinaries and Yellow Sheets' high-yield and convertible debt. As a result of improved price transparency, brokers will be able to find Market Makers easily, thereby promoting increased order flow, better execution and a more efficient marketplace. IXnet will host the EQS servers at its Liquidity Content Center. The new service will be available on a subscription basis. NQB will offer FIX Protocol connectivity and its own Java DEALER application for clients to access the new service. In addition to hosting NQB servers, IXnet's Liquidity Network will provide connectivity for NQB clients. "Liquidity" is a private network for the distribution of market data and electronic trading. Clients using the Liquidity service receive multiple market data and electronic trading services via a single circuit and router that IXnet supplies and manages. "IXnet's Liquidity provides a conduit for electronically delivering real- time, innovative technology to the financial marketplace," said Paul Pluschkell, senior vice president of IXnet's Liquidity division. "Electronic Pink Sheets and Yellow Sheets are going to be a broker's divining rod to OTC liquidity, and we are thrilled to be playing a significant role in bringing leading-edge technology to this marketplace," he added. "We have been dedicated to serving the OTC market for almost 90 years and IXnet will help us continue to be an integral service provider to OTC market participants for the new millennium," commented R. Cromwell Coulson, Chairman of the National Quotation Bureau. "Our Electronic Quotation Service will alter the dynamics of the OTC market and substantially improve the capital formation process for OTC issuers. We chose to use IXnet for hosting and connectivity for EQS because it is dedicated to the financial industry and has a reputation for reliability. Using IXnet makes it easy to reach our clients and deliver the service they need." About NQB: The National Quotation Bureau is a publisher of financial information for the securities market. The NQB was established in 1913 and performs a valuable service to OTC markets by increasing the competition and price transparency through the collection and redistribution of information. NQB's exclusive OTC Interdealer Quotation Services, the Pink Sheets(TM) and the Yellow Sheets(TM) increase order flow to OTC Market Makers and provide best execution to buyers and sellers of OTC equities and taxable bonds. NQB is not a stock exchange or regulated entity. For more information, visit NQB's Web site at nqb.com. About IXnet: IXnet (Nasdaq: EXNT), a network services company, provides a high performance global extranet designed exclusively for the financial community. Through a single connection, IXnet delivers end-to-end multiple data and voice communications solutions around the world, 24 hours a day. Customers get voice and data connectivity, plus financial content and transactional capabilities, through the IXnet extranet without having to access multiple disparate public networks or rely on multiple customer service organizations. IXnet's customers comprise more than 500 financial services firms located in 34 countries. For more information about IXnet, please visit ixnet.com. SOURCE IXnet and National Quotation Bureau /CONTACT: Procter Lippincott of Spring, O'Brien & Co., 212-620-7100, ext. 228, or procter@spring-obrien.com, for IXnet and National Quotation Bureau/ /Web site: nqb.com /Web site: ixnet.com (EXNT)