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Pivot and Marco Polo Network Partner to Accelerate Global Trading

Posted on: Monday, 6 October 2008, 09:00 CDT

Pivot, Inc., a real-time enterprise collaboration network serving the capital and OTC markets, today announced that Marco Polo Network, the largest independent platform for electronic trading in and out of global emerging markets, is distributing the IMTRADER module of Pivot 360 to buy-side participants around the world. Marco Polo Network's deployment of IMTRADER allows users to seamlessly transform instant message texts into global electronic FIX orders. The network leverages structured messaging that is integrated with FIX protocol to transform simple text requests into true, electronic orders. Rollout is underway in multiple markets across Africa, South America, Asia and Europe.

Marco Polo Network is at the forefront of emerging markets, offering the simplicity of a single, global connection that enables seamless, cross-border transactions. Pivot helps Marco Polo Network and their customers overcome technology challenges in these markets by leveraging IMTRADER to route orders via FIX, even from mobile devices, which are more frequently used in countries with fewer connectivity choices. Pivot and Marco Polo Network are providing buy-side participants with the tools they need to trade across the world in emerging markets.

"IMTRADER provides global buy-side clients with immediate and direct entry into the global markets, without having to deploy expensive infrastructure," said David Meredith, chief technology officer of Marco Polo Network. "We value our work with Pivot as we continue to become a leading technology provider to financial services firms across the globe."

"Marco Polo Network has an extensive global footprint, including direct connectivity with 90 exchanges and growing," said Ed McDonnell, managing director of Pivot, Inc. "By partnering with Marco Polo Network, we gain entry into foreign markets, allowing us to further demonstrate how IMTRADER extends customer reach, promotes trading activity and generates more transaction flow across the network."

About Pivot, Inc.

Pivot, Inc. is an interenterprise network that leverages Wall Street 2.0 communication and collaboration capabilities to create revenue-generation tools for trading-related workflows within the capital markets arena. The Pivot financial network allows buy-side and sell-side market participants to share market, pricing and liquidity information, thereby improving the efficiency, speed and transparency of block and OTC trading. Pivot's customers share more than one quarter million quotes and quote-related exchanges in the equity, equity options and commodities markets over the Pivot network each day. Based in Jersey City, Pivot is backed by Eze Castle Integration and leading venture capital firms Softbank Capital, Draper Fisher Jurveston Gotham Ventures, Hudson Ventures and EPIC. For more information, please visit http://www.pivotinc.com.

About Marco Polo Network

Marco Polo Network is the largest independent platform for electronic trading of securities listed and traded on emerging markets exchanges. Founded in 2000, Marco Polo Network's trading platform allows global investors transparent and cost-efficient electronic access to over 90 local exchanges in 30 emerging markets through a network of over 80 in-country broker dealers. Marco Polo Network is partially owned by the New York Stock Exchange (NYSE) and the International Finance Corporation (IFC), the private sector arm of the World Bank Group. For more information about Marco Polo Network visit http://www.marcopolonetwork.com.

Source: Business Wire

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