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Non-Tech : Ashton Technology (ASTN) -- Ignore unavailable to you. Want to Upgrade?

To: LPS5 who wrote (3758)	4/11/2001 4:58:24 PM
From: LPS5	Respond to of 4443

Liquidnet a New Institutional ATS Debuts with Unprecedented Liquidity April 11, 2001, New York Liquidnet, the first Internet-enhanced Alternative Trading System (ATS), debuted yesterday with an unprecedented amount of liquidity. Liquidnet set out to bring liquidity to the buy side community and it delivered in record numbers. With first-day executed shares of 3,836,200 and an average execution size of 51,000 shares Liquidnet has established itself as the new venue for true institutional liquidity. Liquidnet's traded volume was 60% listed and 40% over the counter. "We were pleasantly surprised with the amount of liquidity we saw on day one. We believe Liquidnet has great potential. We will continue to use it and hope that many of our contemporaries do the same", said Kevin Cronin, head trader, AIM Advisors Inc. John Wheeler, head trader of American Century Investments commented, "It was easy, it was fast and the market didn't know what we were doing. We were able to trade large blocks at the mid.", continued Mr. Wheeler. "Liquidnet really delivered on its promise--anonymous block trading that's simple to use. I will be making calls to my peers, because it is in my interest that they participate on the system" said Leo Smith, of Putnam Investment Management. Seth Merrin, CEO of Liquidnet, explained, "Liquidnet was designed exclusively for buy side institutions to trade large blocks of stocks anonymously amongst each other. Our goal is to bring the liquidity directly to our Members-reversing the previous paradigm of searching for liquidity. That search costs the industry over $100 billion annually." "When we flicked the switch on, there was instant liquidity available-this liquidity will grow geometrically as we add more Members", noted Mr. Merrin. About Liquidnet Liquidnet is an Alternative Trading System (ATS) for large institutional investors designed to allow the trading of large blocks of stocks anonymously with little to no market impact costs. Liquidnet's unique architecture and model have solved the major problem facing B2B exchanges and ATSs-building a critical mass of liquidity. Through advanced Internet-enhanced technologies, Liquidnet creates a community of large institutions that delivered massive liquidity on day one. Liquidnet is a registered broker / dealer, headquartered in New York City, with offices in Boston, Chicago and Los Angeles. Copyright © 2001 Liquidnet, Inc., All rights reserved