Tony Whalley of Scottish Widows Investment Partnership Appointed Non-Executive Director of Chi-X Europe

Chi-X(R) Europe Limited, the first live, pan-European equity
Multilateral Trading Facility (MTF), today announced the appointment
of Tony Whalley, Investment Director at Scottish Widows Investment
Partnership, as Non-Executive Director.

"We are delighted that Tony has agreed to become a non-executive
director of Chi-X Europe," commented Peter Randall, CEO of Chi-X
Europe Limited. "From the outset, Chi-X Europe has actively consulted
with both our participant firms as well as their buyside clients to
better understand the market´s needs. As he´s one of the buyside´s
most respected heads of trading, we look forward to Tony´s continued
input and counsel."

Mr. Whalley added, "I am looking forward to working with the Chi-X
Europe management team as I have always been a keen observer of market
changes and new entrants. I am excited to help shape the future of
Chi-X Europe and represent the buy-side community in future
developments."

About Chi-X(R) Europe

Chi-X Europe Limited, a majority-owned, indirect subsidiary of
Instinet Incorporated, is an FSA-authorised securities firm operating
as an MTF (Multilateral Trading Facility) for the trading of the
component stocks of the FTSE 100 (British), AEX 25 (Dutch), DAX 30
(German), CAC 40 (French) and SMI 20 (Swiss) and, by month end, OMX
Stockholm 30 (Swedish).

Chi-X Europe´s low-cost, streamlined model is designed to help
participants achieve ultra-low execution, clearing and settlement
costs. Benchmark tests showed the Chi-X Europe operating model to be
up to 10 times faster+ and significantly less expensive than Europe´s
traditional equity exchanges. Chi-X Europe disseminates market data to
clients directly and via third-party market data vendors at no cost,
and trade reporting is available for a low monthly fee. For more
information, please visit www.chi-x.com.

+ Based on Instinet Europe Limited´s exchange linkages performance
measurement statistics for average DMA order messaging in June 2007.
These Instinet internal figures are for round-trip latency message
acknowledgement based on sending an average number of messages to the
exchange system and obtaining a response back to Instinet´s system
over the course of a normal trading day. They are provided for
illustrative purposes only and are not intended to represent an
independent performance measure of latency. Market volatility and
volume may affect actual performance.

About Instinet

Instinet is a global securities firm, providing the world´s most
sophisticated fund managers with the necessary trading tools, ATS
platforms and global agency liquidity to achieve a high quality trade
execution in more than 80 securities markets around world. Acting
solely as an agent for its customers, Instinet seeks to improve
institutional investment performance and lower overall trading costs
through its various front-end trading systems, securities crossing
networks, smart-routing technology, algorithms, commission management
programs and investment research products. Instinet, through its
subsidiaries, operates a wide array of ATS platforms around the world,
including CBX(SM) in the United States, JapanCrossing(SM) in Asia and
Chi-X(R) in Europe, Canada and, soon, Australia. The firm, which is a
wholly-owned subsidiary of Nomura Holdings, Inc., has offices in North
America, Europe and the Asia-Pacific region. For more information,
please visit www.instinet.com.

(C)2008 Instinet, LLC. All rights reserved. INSTINET is a
registered trademark in the United States and in other countries
throughout the world. CHI-X is a registered trademark in the UK and
Europe. Approved for distribution in Europe by Chi-X Europe Limited,
which is authorised and regulated by the Financial Services Authority.
Instinet, LLC, member FINRA/SIPC.