Press Release

May 7th, 2012

Executed volume traded in TORA Crosspoint™ up 112.3% for April year-on-year after a first quarter increase of 91.7% from 2011

Hong Kong – 7 May 2012: TORA, Asia’s leading provider of advanced trading technology and financial services, announced that TORA Crosspoint™, the company’s off-exchange liquidity venue, has continued its momentum in April after posting a record first quarter.

TORA Crosspoint™ posted a record April with executed volume up 112.3% year-on-year. This follows a record start to 2012 in the first quarter with an executed volume up 91.7% quarter-on-quarter. During the four months of 2012, TORA Crosspoint offered, on average, more than 1,200 individual equities.

“The significant uptick in volumes traded through TORA Crosspoint this year reflects increased liquidity in the pool which consistently delivers cost savings of, on average, eleven basis points to buy-side traders,” said Robert Dykes, Chief Executive of TORA.

In addition to accessing, on an offshore OTC basis, ten dark and lit venues in Japan, TORA Crosspoint leverages natural internal liquidity traded through TORA Compass™, the company’s advanced execution and order management system, further adding to the liquidity accessible in TORA Crosspoint.

Dykes added that there is a growing trend among buy-side traders globally to seek liquidity and price improvement opportunities in off-exchange liquidity venues for the Japan market. Japan is among the most liberal trading markets in Asia with various lit and dark pools catering to the institutional community.

About TORA
Tora Trading Services Ltd., the operator of TORA Crosspoint, is regulated by the Hong Kong Securities and Futures Commission as a licensed dealer and provider of automated trading services. Tora Trading Services Ltd. is part of the TORA group of companies, Asia’s leading provider of advanced trading technology and financial services. TORA’s unrivalled solutions span the entire trading process, offering a full suite of trade execution capabilities in markets across Asia, North America and Europe. TORA’s high-performance EMS/OMS has been designed from the ground up by traders, and is currently used by traders at hedge funds, long-only funds and sell-side proprietary trading desks. TORA also provides clients with access to its unique liquidity pools including Asia’s leading non-displayed matching engine. TORA’s dedicated Asia trading desk delivers to buy-side clients unmatched Asia expertise and extensive analytics focused on best execution. TORA’s extensive suite of proprietary algorithms (trading and strategy-focused) is fully customizable and broker neutral. TORA has over 175 employees dedicated to Asia, with offices in Tokyo, Hong Kong, Singapore, Sydney, Romania, New York, Los Angeles and San Francisco. www.stage.toratrading.tw.

TORA, TORA Compass, TORA Crosspoint and the TORA logo are trademarks or registered trademarks of Tora Holdings, Inc. in the United States and other countries. All other trademarks are the property of their respective owners.