announced the launch of The HedgeTrust Exchange.

It will become the first secure online trading facility for existing, non-US domiciled hedge funds available through a regulated exchange.

HTX is exclusively available through HedgeWorld Limited's companion web site, www.hedgeworld.com.

By facilitating the matching of buy and sell orders of offshore hedge funds and the crossing of those hedge fund interests over the Bermuda Stock Exchange, HTX is providing increased liquidity and choice for the industry.

HTX allows accredited investors to indicate expressions of interest to buy or sell a non-US domiciled hedge fund or to place firm buy or sell orders by logging onto www.hedgeworld.com/htx.

After an order is placed, HTX will search and match for a corresponding buy or sell order for that security and will cross the trade on the Bermuda Stock Exchange.

Indications of interests, buy and sell orders and actual crosses are all reported in the Market section on an anonymous basis.

Buyers and sellers can also express indications of interests and firm orders without reflecting their orders in the Market section.

HTX will match and cross these orders on a private and confidential basis.