Illiquidx

COMPANY NEWS >> STRONG START TO 2010

IlliquidX Limited, the financial services boutique providing innovative solutions to institutional, corporate and professional high net worth clients enabling them to effectively price and trade illiquid securities, announces that it has had a great start to 2010, with January traded notional volumes more than double those of Dec 2009.

Celestino Amore, CEO and founder of IlliquidX Limited says 'we have had a positive start to 2010. We had a bumper second half of 2009, and our rapid growth looks set to continue this year. Since starting operations in March 2009, we are now connected with over 600 participants in the European distressed debt and illiquid securities market. We have made several new hires over the past few months and moved to a larger office to enable us to cope with the demand for our services.'

IlliquidX currently has well over EUR1 billion of assets listed on its proprietary web based platform and is fast building a strong reputation for providing unique and value added services for its client base. "Our client service focus coupled with our breadth of expertise in the fixed income and structured product markets help us to build the trusting relationships that are critical to our business. Clients see the benefits that we bring to their trading and to the progression of the market as a whole" says Celestino.

He adds, "There are still billions of dollars of assets that need to be disposed of by banks, institutions are still holding large pools of illiquid structured credit products, and we believe that there is still a bubble in bankruptcies and credit downgrades waiting to happen as firms finally succumb to cash flow issues. This is where the market needs IlliquidX.

By providing an independent, transparent and regulated service for the pricing and trading of distressed and illiquid debt and structured products, we deliver the efficiency and create the environment for best execution that consumers need. By working with IlliquidX, market participants have access to a wider range of opportunities for investment."

IlliquidX is a financial services boutique providing innovative solutions to professional investors that include institutional, corporate and high net worth clients. IlliquidX enables these clients to effectively price and trade illiquid distressed debt and credit securities and assets. IlliquidX' extensive network of contacts and their approach to and expertise in trading, settlement and financial restructuring, ensures they can add significant value to their clients in resolving liquidity and execution headaches within illiquid markets.

IlliquidX is authorised and regulated by the Financial Services Authority in the United Kingdom.

Website: www.illiquidx.com

Contact: Nasir Zubairi, Zubairi@illiquidx.com