Fidelity Clearing Canada Extends Broker Access to Research and Syndication Functions

Signs Trapeze Asset Management and Versant Partners onto Clearing Platform

BOSTON and TORONTO -- Fidelity Clearing Canada^® ULC, part of National Financial^®, a Fidelity Investments^® company, today announced the implementation of a syndication processing platform and access to market research tools via Streetscape^®, National Financial’s broker workstation.

Fidelity Clearing Canada also announced it has converted two new broker-dealer clients, Trapeze Asset Management and Versant Partners, onto its clearing platform. With the addition of these firms, Fidelity Clearing Canada has now established relationships with 12 Canadian broker-dealers since the launch of the business in September of 2009.

The market research tool is designed to increase access to timely financial news and information, helping to improve broker efficiency, while the syndication processing platform, which facilitates new issue distribution and reporting capabilities, enables brokers to better serve the interests of their investor clients.

“These new enhancements will play a significant role in helping our clients augment broker recruiting as well as drive cost and operational efficiencies,” said William J. (Bill) Henderson, CEO of Fidelity Clearing Canada. “This also reflects a commitment to continually improve the overall client experience by investing in the technology and resources that will help broker-dealers continue to deliver the best products and services to their investor clients.”

Research and Syndication Expands Broker Access and Insights
The syndication processing system will add functional efficiencies and streamline ticketing and reporting capabilities for Fidelity Clearing Canada’s broker-dealer clients, as well as provide their investment advisors with a tool that will allow them to better manage their client expressions of interest for new issue product.

As part of Fidelity Clearing Canada’s new market research tool Streetscape®, clients can now access coverage and analysis on 435 Canadian companies by leading research firms including Ford Research, Thomson Reuters and Stifel Nicolaus.

New Clients Build on Fidelity Clearing Canada’s Continued Growth
Fidelity Clearing Canada’s new broker-dealer clients are Trapeze Asset Management, Inc., a Canadian investment dealer providing discretionary portfolio management for institutions and high-net-worth individuals, and Versant Partners, an investment bank serving institutional money managers and Canadian growth companies.

“We are proud to be working with a clearing firm that has demonstrated a commitment to servicing the IIROC¹ community with progressive technologies,” said Randall Abramson, CEO of Trapeze. “The new relationship with Fidelity Clearing Canada affords us real-time systems, correspondent-level customization and a host of new services that we expect will enhance the satisfaction and experience of our clients.”

Under the new agreements, Fidelity Clearing Canada will provide Trapeze and Versant with comprehensive back-office support, such as securities execution and clearing.

In addition, both firms will have access to Fidelity Clearing Canada’s extensive suite of tools and resources for brokers including dedicated client service, an open-architecture brokerage technology platform and global trading capabilities.

“As we continue to attract and convert clients, the industry is recognizing the strength, stability and flexibility of our platform and the distinct value proposition it provides for a wide range of broker-dealers in Canada,” said Henderson.

About National Financial
National Financial, a Fidelity Investments company, offers broker-dealer firms access to a comprehensive clearing platform, inclusive of a dedicated service model, a powerful global trading platform, and a source of leading investment solutions, all designed to help them grow confidently. National Financial's comprehensive offering enables it to serve broker-dealers of various types and sizes that can serve your evolving needs. In addition to being a leading clearing
provider in the U.S. for 30 years, National Financial leverages the strength and experience of Fidelity Investments, one of the world’s largest providers of financial services. As of June 30, 2011, National Financial has nearly 300 client firms representing $500 billion in assets under administration. For more information about National Financial, please visit www.nationalfinancial.com.

About Fidelity Investments
Fidelity Investments is one of the world’s largest providers of financial services, with assets under administration of more than $3.6 trillion, including managed assets of more than $1.6 trillion, as of June 30, 2011. Founded in 1946, the firm is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing and many other financial products and services to more than 20 million individuals and institutions, as well as through 5,000 financial intermediary firms. For more information about Fidelity Investments, visit www.fidelity.com.

1 Investment Industry Regulatory Organization of Canada

Fidelity Clearing Canada, ULC is an indirect, wholly-owned subsidiary of FMR LLC (“FMR”). FMR LLC and its subsidiaries collectively, including FCC and three other separate legal entities that are also Canadian securities registrants — Fidelity Investments Canada ULC, Pyramis Canada ULC and Pyramis Global Advisors LLC, conduct business under the “Fidelity Investments” name, which is a service mark of FMR and a registered business name of FCC.
 
Fidelity Investments and the pyramid design logo, National Financial, and Streetscape are registered service marks of FMR LLC.

Canadian clearing and custody services provided by Fidelity Clearing Canada ULC, a member of the Canadian Investor Protection Fund (CIPF).

U.S. clearing and custody services provided by National Financial Services LLC, member NYSE, SIPC. Fidelity Clearing Canada, ULC and National Financial Services LLC are affiliates.

National Financial is a division of National Financial Services LLC."

Third party clients and research firms Trapeze and Versant are independent organizations and are not affiliated with Fidelity. N

ational Financial Services LLC, Member NYSE, SIPC 200 Seaport Boulevard, Boston, MA 02110

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