J.P. Morgan to Provide Clearing and Settlement Services on Pipeline MTF for Knight Captial Europe Limited

London, July 07, 2011 – J.P. Morgan Worldwide Securities Services today announced that its GlobeClear business has been appointed to provide clearing and settlement services for Knight Capital Europe Limited when executing trades on Pipeline’s Block Board, the pan-European multilateral trading facility (MTF) for equity blocks. With the addition of Pipeline’s Block Board, GlobeClear supports over 60 OTC and 50 trading venues, providing access to the major European exchanges and MTFs. It provides clearing and settlement agency services covering all fixed income and equity securities for banks, brokers and hedge funds that want to trade in the global markets.

“The provision of clearing and settlement services for Knight on Pipeline’s Block Board is an important component of GlobeClear’s market coverage and connectivity,” said Mike Reece, Market Manager for Banks and Broker Dealers for J.P. Morgan Worldwide Securities Services in EMEA. “A choice of venues and services is more important than ever for our clients; it is vital for market participants to connect to a range of exchanges and MTFs to access liquidity across a fragmented market.” 
Marcus Hooper, Executive Director of Pipeline Europe, said: “Pipeline’s Block Board services 14 European markets and over 3,500 stocks. As block MTF trading continues to grow in Europe, members like Knight will be able to reduce their risk exposure by using GlobeClear to clear block trades.”  

GlobeClear enables clients to better manage the complexities of clearing, settlement and custody in international markets.  By providing a single access point to global markets, GlobeClear eliminates the need for financial institutions to maintain multiple clearing relationships.

About J.P. Morgan Worldwide Securities Services
J.P. Morgan Worldwide Securities Services (WSS) is a premier securities servicing provider that helps institutional investors, alternative asset managers, broker dealers and equity issuers optimize efficiency, mitigate risk and enhance revenue. A division of JPMorgan Chase Bank, WSS leverages the firm’s global scale, leading technology and deep industry expertise to service investments around the world. It has $16.6 trillion in assets under custody and $7.5 trillion in funds under administration. For more information, go to www.jpmorgan.com/wss.  
 
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.2 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small-business and commercial banking, financial transaction processing, asset management and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

About Pipeline Financial Group Ltd
Pipeline is an MTF and institutional electronic brokerage which partners with traders to optimize the execution of large orders. Pipeline is the only block execution system that combines the high probability of block liquidity with the unmatched performance of predictive switching between best of breed algorithms. It is built to deliver impact-free large-order liquidity today’s HFT-dominated markets. Pipeline Financial Group, Inc. is headquartered in New York with offices in Boston, Chicago, London and San Francisco. For more information, visit www.pipelinefinancial.eu .