The debut of this functionality coincides with Nasdaq's new Listed SuperMontage implementation. Leveraging Lava's expertise in market making technology for Nasdaq stocks, this new offering allows Listed traders, OTC market makers, and sector-based traders to make markets in Listed and Nasdaq securities from a single, powerful platform.

Lava's state-of-the-art market making system, ColorMakerTM, has been enhanced to include the new Listed market making functionality. ColorMaker capitalizes on the advantages of Lava's premier ColorBook(r) technology by fusing unparalleled price discovery features, electronic execution and quote management capabilities into a single solution. ColorMaker combines direct access to all major ECNs (including full depth of book), the NYSE and AMEX, with the ability to maintain a quote on Nasdaq's SuperMontage. In addition, Lava utilizes Nasdaq's new Fill-or-Return order type.

"Proposed market structure changes and Nasdaq dual listings have prompted increased interest in market making among Listed traders," said Richard Korhammer, Chairman and CEO, Lava Trading Inc. "Lava's expertise in market making technology for Nasdaq securities has allowed us to be first to market with support for Listed market making."

Lava is a cost-effective and neutral provider of high performance trading systems that are used by leading broker/dealers, including most of the top 20 U.S. investment banks, market makers, hedge funds and institutional investors.

Lava recently announced significant enhancements to its ColorBook platform to fully support all aspects of trading NYSE, AMEX and other Listed securities. The advancements allow Lava customers to trade Listed, ETF and Nasdaq securities from one platform, providing a single, powerful solution for Listed and sector-based trading.

"Coupling market making functionality with our newly enhanced electronic trading offering for Listed securities provides Listed traders with the ultimate single trading platform solution," said Korhammer. "As a technology leader on Wall Street, Lava is committed to offering our customers the very best in products and services to meet the demands of an ever-changing equities marketplace."