Virtu Makes Strategic Investment in ClearList

Combines with GTS for Unprecedented Global Market Making Offering for Private Markets

September 29, 2021 11:00 AM Eastern Daylight Time

NEW YORK(BUSINESS WIRE)ClearList Holdings, today announced that Virtu Financial (NASDAQ: VIRT; Virtu) a
leading provider of trading solutions and liquidity to the global markets , has become a strategic investor in ClearList
Other investors in ClearList include GTS, a leading electronic market maker across global financial instruments , Tudor
Trading, founded bylegendary investor Paul Tudor Jones, and David “TigerWilliams, founder of Williams
Together with GTS, the Virtu investment brings together on behalf of ClearList, two of the largest global electronic equity
market makers in the world
Doug Cifu, CEO of Virtu, said, We have been watching with interest the overall development of the private markets and
in particular the successful development of ClearList
. We are very impressed with the technology and trading expertise
ClearList brings to the primary and secondary markets for private companies
.The ClearList offering, including the
ClearList ATS and its trading platform,
will help bring an improved level of liquidity, transparencyand efficiencyto the
private markets
Ari Rubenstein, cofounder & CEO of GTS and Chairman of ClearList, said, “We are delighted to partner with Virtu and
welcome their additional market making expertise and broad
global footprint. Responsible, professional market
are the core of healthy markets and the powerful combination of GTS and Virtu brings ClearList an
unprecedented offering to the private markets.
Bill White, CEO of ClearList, said, We are excited to have Virtu as part of the ClearListteam.Iknow many members of
their team and they have a superb offering in market making and execution services
. Theyjoin an allstar lineup of
trading and investment experts at ClearList who are some of the most innovative and forward
thinking leaders in our
ClearList continues to innovate and is helping to bring the best of the public markets to the private markets, through its
toend capital markets solutions that include primary offerings, secondary trading and cap table management for
private companies
Investments in private, unregistered securities involves a high level of risk and may not be suitable for all investors. An
investment in private company securities is highly speculative and involves a high degree of risk as well as the potential
loss of your entire investment
. Private company securities are also highly illiquid and there is no guarantee that a market
will develop for such securities, including on the ClearList Alternative Trading System
. There is also no guarantee that
any private placement will be publicly listed through a direct listing or Initial Public Offering
. You should be aware that
each investment also carries its own specific risks and that you should complete your own independent due diligence
regarding the investment including obtaining additional information, opinions, financial projections, and legal or other
investment advice
About ClearList
The ClearList group of integrated companies includes: ClearList LLC (the “ClearList ATS”), Member: FINRA & SIPC;
ClearList Securities LLC, Member:
FINRA & SIPC, ClearList Technologies LLC, and ClearList TRAX, LLC, an SEC
Registered Transfer Agent
. ClearList is democratizing the Equities Marketplace for Private Companies. For more
information, please visitwww