Perimeter Financial Corp. announced on Wednesday record results for its BlockBook block-trading platform.

For the first two months of 2007, BlockBook broke all of its previous records for orders, trades and execution quality. Orders totalled more than 107 million shares for value of $2.3 billion across 394 securities. Trades totaled 8.4 million shares for value of $202 million across 64 securities.

Equally important, BlockBook trades are routinely the largest trades of the day with no market impact. Since its launch in August 2005, BlockBook trades have averaged more than 20% of the daily trading volume on the Toronto Stock Exchange for that symbol. On 31 occasions, BlockBook trades equaled more than 50% of shares traded on the TSX for that symbol. Over 80% of all trades occurred at prices at, or better than, the TSX public quote. Average order size was 96,296 shares and average trade size was 49,022 shares.

“These statistics make it clear: if you are not participating in BlockBook, you are missing the opportunity to achieve best execution for you and your clients.” said Ian Williams, executive vice president of Perimeter Financial Corp. “The higher level of orders and trades are a real validation of the trust our clients have put in BlockBook. This is now an execution venue with real liquidity that should not be ignored.”

“We are very excited about the positive momentum we have seen over the past few months,” he added. “Now that we have 75 participants, we are reaching critical mass. Our clients have seamless access to BlockBook through REDIPlus, owned and operated by Goldman Sachs Execution & Clearing, L.P., and Triton, owned and operated by Investment Technology Group, Inc., and we expect to announce more in the next few months. These partnerships allow us to extend our client reach globally, bringing in more and diverse liquidity to BlockBook.”