PENSERRA SECURITIES ADDS ACCESS TO LEVEL ATS CROSSING SYSTEM

Posted October 1, 2008

NEW YORK – Institutional agency broker Penserra Securities will provide direct access to the LeveL ATS non-displayed crossing system, giving its users the ability to access liquidity directly on LeveL.

“LeveL is one of the market’s biggest non-displayed pools of liquidity, so we’re very excited that our clients now have the ability to access it directly,” says George Madrigal, Managing Director and co-founder of Penserra, and a 13-year veteran of Barclays Global Investors, where he served as a portfolio manager and head of transition management.

Penserra is a government-certified Minority Business Enterprise (MBE), giving institutions a way to fulfill their MBE targets without foregoing direct-access options.

“We are very pleased to have Penserra and their clients as participants in LeveL ATS,” says Whit Conary, President of LeveL. “We are committed to delivering a large and diversified pool of liquidity in a stable and cost effective environment. The addition of Penserra helps us achieve these goals.”