Liquidnet Announces Commitment to Global Social Engagement at the Clinton Global Initiative Annual Meeting.Initial Gift of $1.8 million Will Help Establish Residential Community for Orphans in Rwanda NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Liquidnet, the top brokerage firm for global trading1, today announced the start of an annual cash commitment of one percent of its revenue for global social engagement efforts. Presented at the annual meeting of the Clinton Global Initiative in New York, a portion of Liquidnet's first year commitment is a gift of $1,875,000 and company resources for the establishment of the Agahozo Shalom Youth Village (ASYV ASYV Agahozo Shalom Youth Village (Rwanda) ), a residential community for orphans in Rwanda. "It is our hope that the impact of this gift will extend far beyond its monetary value," said Seth Merrin, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Liquidnet. "We aspire to leverage the dedication of our employees and breadth of our resources to offer not only relief, but to create opportunities of compounding benefit to worthy projects." The main focus of Liquidnet's initial social investments is the Agahozo Shalom Youth Village (ASYV), a residential community for orphans in Rwanda. The ASYV is a special project of the American Jewish Joint Distribution Committee's non-sectarian efforts, formalized for·mal·ize tr.v. for·mal·ized, for·mal·iz·ing, for·mal·iz·es 1. To give a definite form or shape to. 2. a. To make formal. b. in 1986 as the JDC's International Development Program (JDC-IDP). "The genocide in Rwanda in 1994, where an estimated 800,000 - 1,000,000 people were killed in approximately 100 days, represented a failure of the global community to act," said Merrin. "We want to support a project that will bring hope to people in that country and serve as a model for addressing the needs of traumatized youth throughout the developing world." Beyond its financial commitment, Liquidnet has leveraged a variety of other resources to support the ASYV. A team of employees as well as family members have come together to volunteer their time, energy, and expertise toward assisting the project. This group - called the Liquidnet Family - has led a strategic planning process for the village, designed and built the ASYV Web site (http://www.agahozo-shalom.org), developed a "speaker's series" to inform others about the project, researched potential gifts in kind, and assisted with fundraising efforts. There are also plans underway to invite traders from Liquidnet Member firms to participate in the project. One employee in particular, Rowley Aird, based in Liquidnet's Hong Kong office, raised money and awareness for the ASYV through his competition in the Gobi March, a seven-day, 250km, self-supported foot race across China's Gobi desert. To raise funds, Liquidnet provided a set of seven different colored pairs of ASYV-branded socks to contributors from around the world, who wore the same colored socks as Rowley during each day of his journey. This one project - initiated by one employee - single-handedly raised an estimated $35,000 for the ASYV project. In addition to supporting the ASYV, Liquidnet's global social engagement efforts also include: * An employee "Double Down" program, which provides a financial match for the contributions of time and money that employees make to nonprofit organizations * Support for the charitable activities of Liquidnet's Member firms * "Kids for Kids," an annual program whereby Liquidnet makes a donation to a children's charity on behalf of the children of employees and Members, who draw pictures that then become the company's holiday card * Exploring ways to minimize the company's environmental impact About Liquidnet Liquidnet is the top brokerage firm for global trading. Liquidnet allows money management institutions to trade large blocks of equities directly and anonymously with significant price improvement and little-to-no market impact. Liquidnet launched in 2001, and the company now enables its Members to trade in 22 equity markets globally. Liquidnet is headquartered in New York with offices in London, Toronto, Tokyo, Hong Kong and Sydney. Additional company information is available online at www.liquidnet.com. Liquidnet, Inc. is a registered U.S. broker/dealer, headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. and a member of FINRA/SIPC. Headquartered in London, Liquidnet Europe Limited is regulated by the U.K. Financial Services Authority The Financial Services Authority ("FSA") is an independent non-departmental public body and quasi-judicial body that regulates the financial services industry in the United Kingdom. Its main office is based in Canary Wharf, London, with another office in Edinburgh. and is a member of the London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. . Liquidnet Canada Inc. is regulated by the Ontario Securities Commission The Ontario Securities Commission (OSC) is a regulatory agency which administers and enforces securities legislation in the Canadian province of Ontario. The OSC is an Ontario Crown corporation which reports to the Ontario legislature through the Minister of Finance. and is a member of IDA/CIPF. Liquidnet Asia Limited is regulated by the Hong Kong Securities and Futures Commission as a licensed dealer and a provider of automated trading services pursuant to the Securities and Futures Ordinance and is a member of the Hong Kong Stock Exchange The Hong Kong Stock Exchange (Traditional Chinese: 香港交易所, also 港交所; abbreviated as HKEX; HKSE: 0388 ) is the stock exchange of Hong Kong. . Liquidnet Asia Limited is also regulated by the Monetary Authority of Singapore The Monetary Authority of Singapore (Abbreviation: MAS; Chinese: 新加坡金融管理局; Malay: Penguasa Kewangan Singapura) is Singapore's central bank. as a Recognized Market Operator. Liquidnet Japan Inc. is regulated by the Financial Services Agency The Financial Services Agency is a Japanese government organization responsible for overseeing banking, securities and exchange, and insurance in order to ensure the stability of the financial system of Japan. The agency reports to the Minister of Financial Services. of Japan and is a member of JSDA/JIPF. Liquidnet Australia Pty Ltd. is applying to the Australian Securities and Investments Commission The Australian Securities & Investments Commission (ASIC) is an independent Australian government body that acts as Australia's corporate regulator. ASIC's role is to enforce and regulate company and financial services laws to protect Australian consumers, investors and creditors. for the relevant license/authorization to conduct regulated activities in Australia. 1 According to Institutional Investor Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. December 2006 issue. Includes brokerages with greater than $2.25 billion in principal traded |
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