NEW YORK, N.Y., Mar. 26, 2009 – SecondMarket, the largest marketplace for illiquid assets, announced today that it has launched the SecondMarket Ecosystem, a robust network of product and service providers for buyers and sellers of illiquid assets.

With over 25 companies already participating and more than 250 other firms expressing interest in joining, SecondMarket’s Ecosystem offers buyers and sellers free access to critical resources for trading illiquid assets, including valuation, research, data, analytics, legal and transaction advisory services.

The addition of the Ecosystem to SecondMarket’s fast growing centralized marketplace creates a single location for buyers and sellers to not only trade illiquid assets, but also access a global community of experts. This unique combination of trading and information ensures a more transparent, more liquid market for these assets.

“Finding comprehensive information on opaque, illiquid assets is extremely difficult,” said Barry E. Silbert, CEO of SecondMarket. “Through SecondMarket’s Ecosystem, we make it easy and seamless for our participants to find all of the background information they need on an illiquid asset to make buy-sell decisions.”

A full list of participating partners can be found by clicking here.

Potential partners interested in becoming a part of the Ecosystem should contact SecondMarket at ecosystem@SecondMarket.com or visit the Partner section of our website at www.SecondMarket.com/partners.php.

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About SecondMarket

Founded in 2004, New York-based SecondMarket (member FINRA | MSRB | SIPC) is the largest marketplace for illiquid assets, such as auction-rate securities, bankruptcy claims, limited partnership interests in funds, restricted securities, and blocks in small capitalization companies. In the first quarter 2009, SecondMarket will launch markets for collateralized debt obligations, mortgage-backed securities (residential and commercial) and whole loans. SecondMarket’s online trading platform has 2,500 participants, including global financial institutions, hedge funds, private equity firms, mutual funds, corporations and other institutional and accredited investors that collectively manage over $500 billion in assets available for investment. For more information, visit www.SecondMarket.com.
 

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