Pivot, Inc., a real-time enterprise collaboration network serving the capital markets, today announced Pivot Instant Markets™, a modular platform enhancement to its Pivot 360º application that offers OTC derivative participants structured electronic communication surrounding trading activities. Pivot Instant Markets is currently used in the weather derivatives marketplace but given its scalability across many different OTC derivative trading desks, expanded rollout is expected in the third quarter of 2008. ICAP, GFI Group and TFS Energy have signed on as customers.

Using Pivot 360° and Pivot Instant Markets is a revenue-generating combination for these customers, providing brokers with transparency for client activity across the desk and giving traders the power of a consolidated market view in one configurable window. Pivot Instant Markets improves team communication and ensures accurate knowledge transfer by allowing traders to maintain and manage positions for all clients within a single, easy-to-use view. Trading counterparts benefit from immediate transmission and display of market updates.

“Pivot Instant Markets fills an immediate need in the OTC derivative market by effectively automating trading activities for brokers and traders,” said Colt Heppe of ICAP. “Active in both established and emerging markets with a global electronic network, we need a tool like this to provide structured electronic communication and collaboration to improve productivity, drive business and increase revenue.”

Pivot Instant Markets is the third module add-on to the Pivot 360° dashboard. Key features include:

• Depth of Book (DOB) View provides the ability to centrally manage a variety of markets across a firm and display real-time top-of-book and depth-of-book quotes for individual markets.
• Markets View enables users to view all markets of interest from various brokers in a single location.
• Structured Message Content Type for Weather is tailored to the weather derivatives market and contains fields for bid price and size; ask price and size; as well as firm code and username of the counterpart for whom the quote was entered.
• Post Trade Function offers an option to send a trade advertisement to participants linked to a specific market.
• Intelligent Filter and Search Options enable users to organize conversations and locate markets or participants in seconds.
• Pivot 360° Blasting Capabilities allow users to broadcast updates quickly and simultaneously.

“Pivot Instant Markets further demonstrates the continued innovation and product evolution that Pivot is known for,” said Ed McDonnell, managing director of Pivot, Inc. “Our entire suite of real-time collaboration tools integrates messaging technologies with sophisticated analytical and trading tools to tighten workflow processes, expand collaboration opportunities and streamline information management for institutional investors. Pivot is clearly a leader in Wall Street 2.0.”

Pivot released also an updated version of Pivot 360° in early June, highlighting its commitment to advance beyond traditional instant messaging and continue generating revenue for its customers. The new version of Pivot 360° eases deployment, integration and customization for customers across the financial services industry.

About Pivot Pivot is an interenterprise network that leverages Wall Street 2.0 communication and collaboration capabilities to create revenue-generation tools for trading-related workflows within the capital markets arena. The Pivot Network helps transform conversations into ideas and ideas into transactions by integrating information, relationships and transactions into a single pivot point, giving customers the best information to base decisions. Based in Jersey City, Pivot is backed by Eze Castle Integration and leading venture capital firms Softbank Capital, Draper Fisher Jurveston Gotham Ventures, Hudson Ventures and EPIC.