ULLINK Provides Smart Order Routing and Connectivity to Chi-X(R)

Instinet Chi-X Limited today announced that ULLINK, a leading
provider of transactional connectivity for the financial community, is
now offering connectivity to Chi-X, the first pan-European equity
alternative trading system (ATS), or multi-lateral trading facility
(MTF) as it will be known once MiFID goes into effect in November.

Available today, ULLINK clients can now access Chi-X through their
UL BRIDGE connectivity and order routing platform. ULLINK's "Best
Execution Engine" aggregates and analyzes all the relevant information
to route orders to the best execution destination or combination of
destinations, according to the client's MiFID-compliant best execution
policy.

"With latency and execution costs that are less than one-tenth of
existing venues, we believe that Chi-X is poised to radically change
the face of European equity trading," said Hirander Misra, Director of
Instinet Chi-X Limited. "Quite simply, today's agreement helps ULLINK
clients achieve best execution, be it on Chi-X or another venue, by
applying ULLINK's sophisticated technology that considers price, speed
and order type in the routing of orders."

"We are pleased to offer our clients connectivity to the first
pan-European MTF," commented Laurent Useldinger, CEO of ULLINK. "We
have developed our Best Execution Engine to help customers address
their MiFID obligations. This joint proposition will enable customers
to automate their best execution requirements and increase their speed
of trading. Chi-X is the newest addition to our library of 260
plug-and-trade connectors that give access to order routing networks,
order management systems, exchanges, ECNs and MTFs in all asset
classes throughout the globe. Thanks to our unique technology, these
connections can be integrated in our clients' trading environments
within an impressive timeframe and without any development on their
side."

About Chi-X(R)

Instinet Chi-X Limited, an independent subsidiary of Instinet
Europe Limited, is an FSA authorised securities firm operating as an
Alternative Trading System (ATS) and MTF (Multi-Lateral Trading
Facility under MIFID) for the trading of a wide range a pan-European
equities. Instinet Chi-X is currently available in live beta
production.

Through Chi-X's low-cost, streamlined model, institutional
investors are able to trade pan-European equities and achieve
ultra-low execution, clearing and settlement costs. Both internal and
external benchmark tests showed the Chi-X operating model to be more
than 10 times faster and significantly less expensive than Europe's
traditional equity exchanges. Chi-X disseminates market data to
clients directly and via third party market data vendors at no cost,
and trade reporting will be available for a flat monthly fee of GBP
210 per calendar month. For more information, please visit
www.chi-x.co.uk.

About Instinet

Instinet, through its subsidiaries, acts as a global agency
broker, providing the trading expertise and advanced technology
necessary to successfully interact with more than 50 securities
markets worldwide. Acting solely as an agent for its customers, which
include international mutual funds, insurance companies, pension funds
and hedge funds, Instinet seeks to improve institutional investment
performance and lower overall trading costs through its various
front-end trading systems, securities crossing networks, algorithms
and investment research products. The company, which is majority owned
by Silver Lake Partners, is headquartered in New York and maintains
offices in North America, Europe and the Asia Pacific region. For more
information, please visit www.instinet.com.

About ULLINK

ULLINK is a leading provider of FIX connectivity and trading
solutions. With over 260 ready-to-trade connections to favourite
destinations (brokers, exchanges, order routing networks and trading
applications, in all formats and all asset classes), we help our
customers build environments that relieve them from technical
dependence on a specific vendor: connect your existing applications to
our platform (the UL BRIDGE), select your destinations and start
trading.

In addition to this unique connectivity solution, benefit from
turn-key DMA and care order architectures, full order management with
dedicated sales and dealer interfaces, exception management, best
execution and algorithmic trading across the globe. These flexible
solutions are also available in Facilities Management (we host and
support the entire solution in your name) or through our global FIX
hub, the UL NET. With offices in New-York, London, Paris and Hong
Kong, we support clients across time zones. Hundreds of connections
for some of the world's largest financial institutions have built our
reputation for delivering quality software and exceptional services.
Please visit http://www.ullink.com.

(C)2007 Instinet, LLC. All rights reserved. INSTINET is a
registered service mark in the United States and in other countries
throughout the world. Approved for distribution in Europe by Instinet
Chi-x Limited, which is authorised and regulated by the Financial
Services Authority. Instinet, LLC, member NASD/SIPC. Instinet Europe
Limited is a subsidiary of Instinet Incorporated.