5^th February 2004	Yieldbroker granted Australian Market License
	Yieldbroker today announced that it was granted an Australian Market License by the Government and the Australian Securities and Investments Commission under subsection 795B(1) of the Corporations Act 2001. A new regulatory framework for the regulation of financial services and markets was introduced on 11 March 2002 when the Corporations Act 2001 was amended by the Financial Services Reform Act 2001. Amongst other matters, this amendment removed the regulation of certain markets, including the multi-dealer fixed income trading platform operated by Yieldbroker, as ‘exempt stock markets’. ‘We are pleased Yieldbroker has met its regulatory obligations well ahead of the deadline and to be the first fixed income trading platform to be issued with an Australian Market License. Under the previous regulatory environment, we were the first to operate as an exempt stock market. We spend a lot of time trying to be innovative in the electronic trading space,’ Yieldbroker General Manager Rachael Rogers said. ‘Following a lengthy and detailed application process, the grant of the license reflects governmental and regulatory satisfaction with Yieldbroker’s technology, governance and operations.’ Yieldbroker’s Compliance Officer, Richard Swift noted that, having been in operation since March 2000, ‘the granting of the license reflects Yieldbroker’s proven ability to manage and monitor wholesale electronic markets.’ While Yieldbroker’s core business is, and will remain, fixed income trading between banks and their institutional clients in the cash markets; the license it has been granted is broader in both product scope and trading relationships. Yieldbroker can now extend into other debt products, derivative trading and interbank trading. The Australian Market License takes effect at the end of the transition period, 11 March 2004. Yieldbroker is currently in the process of shifting users of the trading platform to new, streamlined standard form electronic trading agreements to assure continued access after the transition ends. About Yieldbroker Yieldbroker is a joint venture company owned and supported by ABN Amro, Citigroup, Deutsche Bank and Macquarie Bank. It is the pre-eminent multi-dealer wholesale fixed income trading platform in Australia for Australian government, semi-government and corporate debt. For more information please contact: Rachael Rogers General Manager - Yieldbroker P: 1800 220 550 E:
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