Monday September 27, 10:29 am Eastern Time
Company Press Release
SOURCE: IXnet, Inc.
MarketXT Selects IXnet to Manage Trading Network
NEW YORK, Sept. 27 /PRNewswire/ -- IXnet, Inc. (Nasdaq: EXNT - news) has been selected by MarketXT, Inc. to provide and manage the network for its alternative trading system, the two companies announced today. Formerly known as Eclipse Trading, MarketXT recently announced the launch of the first extended-hours marketplace specifically designed for individual investors. IXnet will provide the infrastructure and ongoing support of multiple services including complete end-to-end network management.
``MarketXT is setting a new standard for innovation, convenience and opportunity for individual investors, and IXnet is delighted to have been chosen to provide the reliability, high-performance, and responsiveness an innovative trading system like MarketXT requires,' said David Walsh, CEO of IXnet. ``We built our next-generation extranet in anticipation of the continued movement toward truly global, 24-hour-a-day trading, and are pleased to be associated with MarketXT in pioneering expanded opportunities for the investor.'
``IXnet is a key part of our strategy, managing the distribution of our trading system, and developing the quality and reliability our customers expect,' Michael Sanderson, CEO and Chairman of MarketXT, Inc., said.
About IXnet: IXnet (Nasdaq: EXNT - news), 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.
About MarketXT, Inc.: Founded in 1997 by two former SEC lawyers and headed by a CEO with extensive experience in shaping and creating the after-hours trading market. MarketXT, Inc. has dedicated the last two and a half years to building a marketplace that offers individual investors significant investing opportunities and flexibility. The company's alternative trading system (ATS), MarketXT, is the first extended-hours marketplace specifically designed for individual investors. Supported by major brokerage firms, MarketXT enhances the quality, convenience and opportunity of online investing. MarketXT, Inc. currently has strategic partnerships with Salomon Smith Barney, Morgan Stanley Dean Witter & Co., Herzog Heine Geduld, Bernard L. Madoff Investment Securities, and Polaris Venture Partners. For more information, visit the MarketXT Web site at marketxt.com.
This press release may include information which contains forward-looking information, including statements regarding strategic direction. These comments constitute forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995), which involve significant risks and uncertainties. Actual results may differ materially from the information discussed in these forward-looking statements. Among the factors that could cause actual results, performance or achievement to differ materially from those described or implied in the forward-looking statements are general economic conditions, competition, potential technology changes, changes in or the lack of anticipated changes in the regulatory environment in various countries, the ability to secure partnership or joint-venture relationships with other entities, the ability to raise additional capital to finance expansion, and the risks inherent in new product and service introductions and the entry into new geographic markets.
SOURCE: IXnet, Inc.
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