SecFinex and EuroCCP to Launch CCP for Stock Borrowing & Lending in the UK

London, 13 January 2009 - SecFinex Limited, a NYSE Euronext Company and the leading European electronic trading platform for equity finance, and EuroCCP, the London-based subsidiary of The Depository Trust & Clearing Corporation (DTCC), announced today they have signed an agreement to launch central counterparty (CCP) services for stock borrowing and lending across the SecFinex Order Market multilateral trading facility for the UK market.

The launch of this service will enable stock borrowing and lending participants in the UK to take advantage of the services offered by a CCP. The SecFinex venture with EuroCCP follows previous SecFinex announcements on the introduction of CCP for equity finance across all major European markets.

The introduction of a central counterparty to participants in the securities lending market offers numerous benefits including the elimination of capital allocation, balance sheet netting, reduced collateral requirement, cost efficiencies, anonymity, single counterparty and multiple clearing options.

Despite the size and importance of the equity securities borrowing and lending activities in today's markets, many participants see its structure and operation to be inefficient and costly. Furthermore, regulatory changes increasingly focus attention on capital requirements and counterparty risk; a condition exacerbated by recent market conditions. Through the introduction of this CCP service, scheduled for release in the 3rd Quarter of 2009, market professionals dealing in UK equity securities will gain access to a central portal that offers near risk-free access and trade execution benefit to participating borrowers and participating lenders.

Diana Chan, CEO of EuroCCP, said "We are extremely glad to have been selected by SecFinex to provide central counterparty services for securities lending and borrowing in the U.K., which is by far the largest market in Europe for this activity. The current turmoil in the financial services industry highlights the many benefits a central counterparty can bring in securities finance transactions. Besides protection from counterparty default, a central counterparty benefits firms by reducing capital requirement and back office operational work in managing collateral. Providing central counterparty services for securities borrowing and lending is a new, and we hope growing area for EuroCCP."

Peter Fenichel, CEO of SecFinex, said "We are delighted to partner with EuroCCP in this very important market innovation which serves to enhance securities borrowing & lending market efficiency, transparency and transaction activity. The use of a CCP has been widely anticipated for several years in the securities lending industry and the current credit crisis has highlighted the importance and desirability of the central counterparty value proposition. SecFinex wishes to be a force for constructive change and through this initiative is well positioned to play a pivotal role in the further development of the global securities finance market."

About SecFinex

SecFinex is the online global marketplace for Securities Lending. SecFinex enables participants to agree stock loan trades efficiently and anonymously with each other on a price driven system. Traders can hit bids and lift offers on a click and done basis and view current market trading activity in a live screen-based trading environment. SecFinex offers such price transparency to Securities Lending traders.

Through SecFinex electronic platforms, securities financing professionals can meet and execute trades in all major European, US and Japanese equity markets. Over 40 financial institutions currently participate in SecFinex, a cross-section of lenders, borrowers and intermediaries, including some of the major securities finance professionals in Europe.

SecFinex Limited is Authorised and Regulated by the Financial Services Authority, please visit www.secfinex.com.

About EuroCCP

European Central Counterparty Limited (EuroCCP), headquartered in London, is a subsidiary of The Depository Trust & Clearing Corporation (DTCC). It was formed to provide clearing and settlement services for a wide range of multilateral trading facilities across Europe. It will initially clear equity trades in 14 countries and in seven different currencies.

About DTCC

The Depository Trust & Clearing Corporation (DTCC), through its subsidiaries, provides clearance, settlement and information services for equities, corporate and municipal bonds, government and mortgage-backed securities, money market instruments and over-the-counter derivatives.

In addition, DTCC is a leading processor of mutual funds and insurance transactions, linking funds and carriers with financial firms and third parties who market these products. DTCC's depository provides custody and asset servicing for more than 3.5 million securities issues from the United States and 110 other countries and territories, valued at $40 trillion. Last year, DTCC settled more than $1.8 quadrillion in securities transactions. DTCC has operating facilities in multiple locations in the United States and overseas. For more information on DTCC, visit www.dtcc.com.

About NYSE Euronext

NYSE Euronext (NYX) is the world's leading, most liquid and diverse exchange group. It offers a broad and growing array of financial products and services in cash equities, futures, options, exchange-traded products, bonds, market data, and commercial technology solutions, all designed to meet the evolving needs of issuers, investors and financial institutions. Spanning multiple asset classes and six countries, NYSE Euronext's exchanges include the New York Stock Exchange, Liffe, Euronext and NYSE Arca. With more than 6,500 listed issues, more than any other exchange group, trading on NYSE Euronext's equity markets represents more than one-third of the world's cash equities volume. NYSE Euronext also manages the leading European derivatives exchange by value of trading. NYSE Euronext is part of the S&P 500 index and the only exchange operator in the S&P 100 index. For more information, please visit www.nyx.com.