Perimeter Financial Corp.

Perimeter Financial Corp.

June 05, 2007 08:30 ET

Perimeter Financial's BlockBook Added to Neovest Platform

TORONTO, ONTARIO--(Marketwire - June 5, 2007) - Perimeter Financial Corp. announced today that Neovest Inc., a provider of high-performance trading technology and direct market access, has added BlockBook's block trading marketplace as its newest dark pool destination.

"We are very pleased to be added as the only Canadian block trading marketplace to the Neovest platform." said Geoff Eby. Managing Director of Perimeter Markets Inc., a wholly-owned subsidiary of Perimeter Financial. "This is another very positive step in our continuing goal to facilitate international buy and sell-side access to our marketplace. It is a further testament to the continued growth of liquidity and opportunity within BlockBook."

"We are excited to offer BlockBook as a Canadian option that compliments our industry leading access to over 20 US dark pools," said Bryce Byers, Chief Executive Officer of Neovest. "Neovest clients can now seamlessly trade with BlockBook directly or include it as an advanced option allowing them to hit multiple points of liquidity with a single action."

BlockBook is a regulated, electronic marketplace that is designed for block traders of Canadian equities (i.e. orders in excess of 10,000 shares). BlockBook allows buyers and sellers to meet anonymously, without information leakage, using proprietary signaling techniques. BlockBook is open to all qualified market participants including investment dealers, pension funds, investment managers, mutual funds and hedge funds. Executions are published on our website, on Reuters or through our data vendor, TSXDatalinx.

About Perimeter Financial Corp.

Perimeter Financial Corp. develops technology solutions for the financial services industry, including institutional investors, investment dealers and reporting issuers. It operates two electronic marketplaces - BlockBook™ for the Canadian equity block market, and CBID™ for Canadian fixed income and futures markets. It also provides a suite of service offerings in asset management, record-keeping and reporting.

About Neovest

Neovest, Inc is a wholly owned subsidiary of JPMorgan, providing a comprehensive suite of broker-neutral financial technology services to the buy- and sell-side communities. Neovest's DMA technology encompasses execution management (EMS) and order management (OMS), the fastest possible market data services, powerful technical analysis, filtering technologies, portfolio trading, and advanced analytics in an innovative and reliable system. Neovest streamlines the workflow complexities of a comprehensive trading desk and is a single source of liquidity access to exchanges, ECNs, crossing networks, dark pools, IOIs, broker algorithms, and routing to over 100 brokers. In addition, Neovest is a cross-asset, multi-currency platform supporting US and international markets. Additional information about the company is available at www.neovest.com.

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