Newedge Investor Alert - November, 2006

	Investor Alert
Past Alerts Click Here	November 1, 2006

Business Continuity Planning Statement

Newedge has established disaster recovery and business continuity plans that will be activated in the event of a significant business disruption. Newedge understands the need to be able to continue material business operations and maintain mission-critical business units and systems should an event occur. Newedge's business continuity plans include emergency procedures, scenario planning, back up communications and key systems support as required by security industry regulations.

In planning for potential significant business disruptions, Newedge has studied a number of outcomes from varying scenarios, including, as examples only, a disruption to a single building, a city-wide business disruption, and a regional disruption. The firm's plans are intended to permit the continuation of key business operations during most types of disruptions by resuming mission-critical operations, within minutes for minor disruptions or within the same business day for more serious disruptions. To assist in maintaining business continuity, the firm maintains back-up technology processing capabilities in alternate locations.

In case of an extreme disruption, where the immediate continuation of business may not be practical, Newedge will implement emergency actions that will allow clients prompt access to their funds and securities.

Should a contingency situation occur, Newedge's primary means of notifying its clients would be through its web site www.FimatPreferred.com, where we will post ongoing reports on the status of the effects of the event and the firm's on-going efforts. If the website cannot be accessed, clients may also contact us at any of the following phone numbers:

888-781-0283 415-733-3032 800-949-0205

Newedge's business continuity plan is subject to continual modification and upgrading and contains details of a confidential and proprietary nature. Therefore the plan will not be distributed in full to the public, however, periodic updates will be posted on our web site to keep clients informed of changes to the plan that may affect them. If you have additional questions regarding Newedge's BCP plan please e-mail us at BCP@FimatPreferred.com.

NYSE Begins Rollout of Phase III of Hybrid Market

The NYSE Hybrid MarketSM is a market model that integrates the best aspects of the auction market with automated trading. As a result, customers receive the broadest choice of trade execution preferences. Two features of the Phase III relevant to our customers are as follows:

The current NYSE Direct+Ž size and time restrictions will be removed, allowing for automatic executions of up to 1 million shares that may be submitted as frequently as desired.
Sweeps are now available, allowing incoming marketable limit orders or market orders to automatically execute to the extent possible at the best bid or offer and sweep up (or down) to a price determined by the limit price of the order or the price where there is sufficient, cumulative quantity to fill the order.

Newedge
Member New York Stock Exchange, NASD, MSRB, NFA, SIPC and other principal exchanges
Headquarters: 220 Bush Street, Suite 650, San Francisco, CA 94104
Customer Service can be reached at 888-781-0283 or by email at Service@FimatPreferred.com. Customer Service Fax (415) 520-5633

All contents of this "Investor Alert" are for educational purposes only. Graphics are also for illustration purposes only.
Newedge does not offer investment advice.