JERSEY CITY, N.J., April 9, 2008 — iNautix (USA) LLC, an affiliate of Pershing LLC and a unit of The Bank of New York Mellon Corporation, announced today that it has launched a comprehensive compensation management solution to help introducing broker-dealer firms create and manage customizable compensation plans for their investment professionals.

The iNautix compensation management solution enables introducing broker-dealer firms to determine optimum payout structures and provides introducing broker-dealers with powerful modeling tools and reports to help them evaluate product and revenue analyses, peer-to-peer rankings, and historical data.  The solution is integrated with Pershing's NetExchange Pro® online brokerage platform, providing introducing broker-dealer firms with an efficient way to view and access critical business information.

Suresh Kumar, Chief Executive Officer of iNautix USA, said, "Introducing broker-dealer firms and their investment professionals continue to look for business and technology solutions that will help them enhance their operational efficiency and profitability.  Our innovative compensation management solution provides introducing broker-dealers with the tools and capabilities they need to create customizable compensation plans and effectively manage commission structures for their investment professionals."

iNautix (USA) LLC is an affiliate of Pershing LLC and a leading provider of enterprise-wide technology solutions, custom development and business consulting to institutional and retail financial organizations and independent registered investment advisors.  Pershing LLC (member FINRA/NYSE/SIPC), a subsidiary of The Bank of New York Mellon Corporation, is committed to service excellence and to providing dependable operational support, robust trading services, flexible technology, an expansive array of investment solutions, and practice management support.  iNautix USA draws upon a wide range of expertise and cutting-edge capabilities to help financial organizations optimize their operating performance.   Additional information is available at http://www.inautix.com/.

The Bank of New York Mellon Corporation is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets.  The company is a leading provider of financial services for institutions, corporations, and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services, and treasury services through a worldwide client-focused team.  It has more than $23 trillion in assets under custody and administration, more than $1.1 trillion in assets under management, and services $11 trillion in outstanding debt.  Additional information is available at http://www.bnymellon.com/.

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