The PORTAL Alliance is an open, industry-wide platform to facilitate over the counter trading of 144A equity securities. The PORTAL Alliance is intended to enhance the liquidity and transparency of 144A equity securities by creating a source for indicative quotes, trade reporting and issuer information for 144A equity securities. The founding members of The PORTAL Alliance include BofA Merrill Lynch, Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, J.P. Morgan, Morgan Stanley, The NASDAQ OMX Group, Inc., UBS and Wells Fargo Securities.

The goal of the PORTAL Alliance is to provide a better, more efficient 144A market for investors and issuers. To achieve this goal, the PORTAL Alliance members agreed to form an open, industry-standard platform with standard procedures for the trading, shareholder tracking and settlement of 144A equity securities - centralizing and bringing uniformity to the capital formation process and secondary trading for the 144A private equity market.

The PORTAL Alliance members, using their resources and expertise, have developed what is intended to be a state-of-the-art platform to facilitate the trading and settlement of unregistered securities in the 144A equity market. The PORTAL Alliance includes access to functionality for trade negotiation, investor qualification, shareholder tracking, transaction settlement and dissemination of issuer information and historical trade data.

If you have questions about the PORTAL Alliance please contact PORTAL Alliance Operations