New Partnership between Harborside+ and Quantitative Services Group to Elevate T+1 Large Block Trade Analysis.

NEW YORK -- A newly minted partnership with Quantitative Services Group will offer clients of Harborside+, access to T+1 performance analysis reports on individual executions, it was announced today by both firms. Quantitative Services Group (QSG) is an independent provider of trade analysis and analytical equity research (stock selection) for institutional investors. A neutral and confidential institutional large block trading service, Harborside+ offers a liquidity pool in excess of US$4 billion maintained through IOIs (indications of interest) submitted by buy- and sell-side traders.

"The reports, available to our clients the morning after an executed trade date, will provide independent verification and analysis of how their trades fared from an execution standpoint, measure market impact and illustrate overall, how they did using our large block trading model," said Harborside+ President & CEO, Michael Cashel.

The QSG reports will quantify both quality of execution and the benefits of selecting Harborside+, relative to intra-day measures. A ranking will depict a Harborside+ execution for a respective customer, in relation to other executions on the same trade date. Harborside+ is a confidential service and as such, the identity of clients will not be revealed to QSG; only details specific to the trade being analyzed. Additionally, QSG has signed non disclosure agreements with Harborside+.

"Providing traders with best execution reports and transaction cost analysis on a quarterly basis just doesn't cut it," said John Wightkin, co-founder, Quantitative Services Group. "What's most meaningful is a near immediate understanding, and now clients of Harborside+ will have tangible evidence of how well they did in a T+1 (trade date plus one) framework."

Harborside+'s hybrid approach of technology and human intervention has proven successful for trading large blocks, especially when negotiating for larger sizes and accommodating conditional requirements. Harborside+ pre-qualifies buyers and sellers of size to minimize market impact and maximize trade size. IOIs start at a 25,000-share minimum. Harborside+ has the largest average crossed trade size in the industry at 72,000 shares per trade. Traders submitting IOIs to the Harborside+ confidential matching engine indicate side (buy or sell), symbol and price. IOIs can be accepted by Harborside+ through a variety of channels such as integration with a firm's order management system or via a FIX connection.

When the system locates a potential match, the Harborside+ member database contributes unique customer provided information that increases the fluidity of the negotiation process. Harborside+'s trading desk then assists counterparties in finalizing the transaction through private, phone-based communication that keeps identities confidential. Trades are executed by Harborside Securities, a totally independent registered broker-dealer.

About Quantitative Services Group LLC 

Based in Naperville, Illinois, Quantitative Services Group is an independently owned consulting firm and leading provider of sophisticated equity analytics. QSG's software and services provide proven solutions to the complex decisions confronting today's equity portfolio managers, analysts and traders. For more information, visit www.qsg.com.

About Harborside+

Headquartered in New York, Harborside+ combines the best of technology and human intervention so buyers and sellers can find each other and complete a transaction quickly, efficiently and without market impact. As the success of large block trading depends on uncompromised confidentiality, Harborside+ will not reveal customers, trades or volumes. The average trade size completed through Harborside+ is 72,000 shares, the largest of any such service in the industry. Market capitalization of these trades is 28 percent small cap, 53 percent mid cap and 19 percent large cap. Fifty-five percent of Harborside+ trades are from listed shares and 45 percent are OTC shares. Harborside+ has 230 member firms: 140 from the buy-side and 90 broker-dealers. A majority of these member firms have multiple traders submitting IOIs to Harborside+. For more information, visit www.harborsideplus.com.