Aqua Securities Strengthens Its Sales Team with the Appointment of an Industry Veteran

NEW YORK, June 18, 2012 /PRNewswire/ -- Aqua Securities, a premier alternative trading solution, today announced that it is strengthening its sales team with the key appointment of David Frisone, formerly of Bloomberg L.P. as Senior Vice President and Head of Sales.  Mr. Frisone reports to Kevin Foley, Chief Executive Officer, and will be a key driver of growth for Aqua's platform and block trading business.

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"We are excited to have Dave on our team, and are confident that adding an individual of his caliber will help us expand our business and deepen existing relationships," said Mr. Foley. "Dave's extensive experience in brokerage and electronic sales trading combined with our unique technology and business model, strengthens our ability to serve clients' execution needs."

"I look forward to working with the Aqua team to provide clients access to liquidity pools that are underserved and difficult to reach," said Mr. Frisone. "True block liquidity is scarce.  By eliminating information leakage, Aqua offers unique block trading opportunities and superior execution quality."

Prior to joining Aqua Securities, Mr. Frisone held senior positions at Bloomberg L.P. as Head of Brokerage Sales and as Head of Electronic Sales Trading for Bloomberg Tradebook LLC, where he helped build the company into a global, multi-asset class electronic broker.  He joins Aqua with more than 18 years of experience in brokerage and electronic trading sales. Mr. Frisone has a B.S. in Finance and Management Information Systems from Fordham University.

About Aqua Securities

Aqua Securities, a premier alternative trading system for block trades, is at the forefront of financial and technological innovation. Aqua's Alternative Trading System (ATS) currently is in use by nearly 200 institutions and brokers as a compelling alternative to algorithmic trading of large orders. Aqua Securities provides its customers with access to a unique method of liquidity formation, employing a secure data model seamlessly integrated with leading order management systems. Aqua Securities is jointly owned by Cantor Fitzgerald, L.P., a leading global financial services provider to the institutional equity and fixed income capital markets and BGC Partners Inc., a leading global brokerage company servicing the wholesale financial markets and commercial real estate marketplace.  For more information, visit http://aquaequities.com.

SOURCE Aqua Securities