Global Crossing Selected by The Chicago Stock Exchange to Provide Managed Global IP Network Connectivity.

Business Editors

NEW YORK--(BUSINESS WIRE)--April 11, 2001

Chicago Stock Exchange Will Connect To Global Crossing Financial

Markets Extranet Enabling Over 1200 Leading Institutions Secure

Access to Second Largest Exchange in North America 

Global Crossing Financial Markets, a unit of Global Crossing Ltd. (NYSE:GX) and provider of global network services and solutions to the financial services community, has been chosen by The Chicago Stock Exchange (CHX), the second largest stock exchange in the U.S., to provide connectivity to its customers over the Global Crossing Financial Extranet. The connection will allow Global Crossing's "On Net" users to access the Exchange's order routing system for increased liquidity.

The CHX, founded in 1882, is the second most active stock exchange in terms of share and trade volume and is the fastest-growing exchange in the U.S. Brokers can trade more than 4,400 NYSE, Nasdaq, Amex, and CHX-exclusives at the CHX through a single system, creating a true "one stop shop" for equities trading.

Now Global Crossing's extensive customer base, spanning over 1,200 of the world's top financial firms, will be able to immediately gain access to the Chicago Stock Exchange.

"The Chicago Stock Exchange has always been a leader among the exchanges in its implementation of new technologies," said Rich Farrell, managing director, Global Crossing Financial Markets. "We are proud to be working with the CHX to expand its reach and offer our clients increased liquidity and execution options by adding another exchange to our network."

"We chose Global Crossing because it offered the best reliability, security and network services available to continue our business growth," said Paul Richards, senior vice president, sales and customer service at The Chicago Stock Exchange. "By gaining access to Global Crossing's invaluable on-net community of users through the Global Crossing Financial Extranet, the CHX will continue to enhance its ability to provide fast, high-quality executions at reduced costs to investors."

About The Chicago Stock Exchange:

The Chicago Stock Exchange was founded May 15, 1882 and is the second most active stock exchange in terms of share and trade volume. The CHX has been the fastest growing exchange, over the past five years, providing the strongest force for competition to all U.S. markets. The CHX trades more than 4,400 NYSE, AMEX, Nasdaq and CHX-exclusive issues, more than any other U.S. stock exchange.

About Global Crossing:

Global Crossing Ltd. provides integrated telecommunications solutions over the world's most extensive global IP-based fiber-optic network, which will have more than 100,000 route miles, reaching five continents, 27 countries and more than 200 major cities by mid-2001. Global Crossing serves many of the world's largest corporations, providing a full range of managed data and voice products and services. Global Crossing operates throughout the Americas, Europe, and the Asia/Pacific region, and provides services in Asia through its subsidiary, Asia Global Crossing. Global Crossing Solutions provides integrated telecommunications solutions, including network outsourcing, to large global enterprises. Please visit www.globalcrossing.com or www.asiaglobalcrossing.com for more information.

Global Crossing Financial Markets provides a high-performance global Extranet designed for the financial community and related service providers. With users in more than 44 financial centers worldwide and more than 1,500 customer access nodes, Global Crossing Financial Markets serves over 1,200 of the world's top financial firms.

Global Crossing Financial Markets' offering includes IPC Trading Systems' patented digital Alliance MX(TM), the most widely installed voice trading system in the world. IPC's comprehensive portfolio also includes the IQMX(TM) next-generation trading system, TradeSmart CTI(TM) Solutions, infrastructure solutions, and complete customer care programs. IPC focuses exclusively on the financial trading environment, designing, manufacturing, installing, and servicing products that allow traders to communicate with each other instantly and reliably.

Statements made in this press release that state the Company's or management's intentions, beliefs, expectations, or predictions for the future are forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected in such forward-looking statements. These risks, assumptions and uncertainties include: the ability to complete systems within currently estimated time frames and budgets; the ability to compete effectively in a rapidly evolving and price competitive marketplace; changes in the nature of telecommunications regulation in the United States and other countries; changes in business strategy; the successful integration of newly-acquired businesses; the impact of technological change; and other risks referenced from time to time in the Company's filings with the Securities and Exchange Commission.