BTIG Adding J.P. Morgan Clearing Corp. As Additional Custodian For Clients – BTIG Prime Brokerage will offer its clients both J.P. Morgan Clearing Corp. and Goldman Sachs Execution & Clearing

New York – May 12, 2011 – BTIG, LLC, a global financial services firm specializing in institutional trading and related brokerage services, today announced the addition of J.P. Morgan Clearing Corp. (J.P. Morgan) as a clearing agent and custodian for its Prime Brokerage platform.

The new relationship is a significant expansion of BTIG’s Prime Brokerage offering. Now in its 8th year of operation, BTIG’s Prime Brokerage division is a dominant mid-market prime broker, with more than 300 investment managers utilizing BTIG as their prime broker. BTIG’s addition of a second custodial and clearing option for clients is a strategic enhancement, providing a multi-prime solution for clients who are growing rapidly and want to diversify their custodial counterparty risk.

Justin Press, Co-Head of Prime Brokerage at BTIG, commented, “We are very excited to add J.P. Morgan to our platform. I can’t think of two better custodial providers in the market. Both J.P. Morgan and GSEC have a long history in prime brokerage and both support the introducing broker market.” Press went on to say, “Clients are often looking to add a second prime brokerage relationship, and having two premier custodians opens up new opportunities for BTIG and our clients. The addition of J.P. Morgan puts BTIG in a stronger position to be a long term resource for our clients.”

Brian Petitt, Co-Head of Prime Brokerage at BTIG, added that “BTIG’s Prime Brokerage business offers best in class services and options to clients who appreciate resources like state of the art technology and reporting, and customized capital introduction.” Brian Petitt went on to say “Being able to offer J.P. Morgan Clearing Corp. and Goldman Sachs Execution & Clearing as clearing and custodian options helps us stay ahead of our competition and provide the best possible solutions for our clients.”

About BTIG

BTIG LLC is a premier institutional brokerage and fund services company. BTIG continues to build its global franchise around a broad and experienced group of professionals who are leaders and experts in their respective fields. Founded in 2002, BTIG, including through its affiliates, employs more than 400 professionals in five different countries. BTIG serves customers from all over the world and offers services in 11 areas: Equity Trading, Fixed Income, Futures Trading, Convertible Securities, Equity Derivatives, Prime Brokerage, Outsource Trading, Direct Market Access, Capital Markets, Equity Research and Corporate Access. BTIG has ten US offices: New York, San Francisco, Dallas, Boston, Chicago, Los Angeles, Greenwich, Red Bank, Norwalk and Orinda, and four international affiliates: London, Hong Kong, Singapore and Sydney.

BTIG LLC is a member of FINRA and SIPC

BTIG Australia Limited ACN 128 554 601 is a member of ASIC and ASX

BTIG Hong Kong Limited, Exchange Participant of SEHK, licensed and regulated by the SFC

BTIG Ltd is a member of the LSE and is authorized and regulated by the FSA

BTIG Singapore Pte. Ltd is registered and licensed with MAS

Kelsea Michael at 212.279.3115, ext. 231, [email protected]
Mary Sullivan at 212.279.3115, ext. 114, [email protected]
Peter Tarrant at 212.593.7560, [email protected]