LONDON and NEW YORK, June 23, 2009 (GLOBE NEWSWIRE) -- NYFIX, Inc. (Nasdaq:NYFX - News), a leading provider of innovative solutions that optimize trading efficiency, announced today that the average daily matched value in Euro Millennium, its neutral European dark pool, has increased over 70% so far this year, from nearly 48 million euros ($67 million) in December 2008 to nearly 82 million euros ($111 million) in May 2009. During this time significant liquidity has grown in the pool across more than 1,000 European stocks covering all market capitalizations. In particular, the depth of mid-cap and small-cap stocks has increased considerably and now represents 39% of the total executed volume in the pool.
Also today, NYFIX announced the successful completion of its most recent OMS partner agreement with global service provider Bloomberg. With immediate effect, Euro Millennium can now be accessed through Bloomberg's Buy-Side Execution Management System (EMSX) and their Sell-Side Execution Order Management System (SSEOMS). The completion of this important gateway now gives users of these services around the world instant, efficient, and seamless access to Euro Millennium through their existing Bloomberg desktop trading tools.
Geoff Patsch, Bloomberg Global Head of Sell-Side Execution Order Management System (SSEOMS) commented, "This is an exciting new service to offer our global client base. Dark pools are an established and important part of the trading mix and we are delighted that our trading community can now benefit from access to one of the leading dark pools in Europe."
Chris Smith, Director of NYFIX International added: "We are very pleased that Bloomberg clients can now benefit from immediate access to our dark pool through their existing workflows to instantly and efficiently seek and locate valuable liquidity in this highly competitive landscape. The addition of Bloomberg now brings the total number of Euro Millennium OMS/EMS live partnerships to eleven, ensuring that industry participants can quickly access, seek and discover liquidity in Euro Millennium through their existing trading infrastructure."
Commenting on the growth of Euro Millennium, Smith said: "These positive trends prove once again that clients are increasingly turning to dark pool trading as a vital component of their overall trading strategy mix. Euro Millennium is seeing significant liquidity as a result across a broad range of stocks which demonstrates that our clients are gaining confidence that resting orders in the pool provides greater price improvement while minimizing market impact."
About NYFIX, Inc.
A pioneer in electronic trading solutions, NYFIX continues to transform trading through innovation. The NYFIX Marketplace(tm) is a global community of trading counterparties utilizing innovative services that optimize the business of trading. NYFIX Millennium(r) provides the NYFIX Marketplace(tm) with new methods of accessing liquidity. NYFIX also provides value-added informational and analytical services and powerful tools for measuring execution quality. A trusted business partner to the buy-side and sell-side alike, NYFIX enables ultra low touch, low impact market access and end-to-end transaction processing. For more information, please visit www.nyfix.com.
Caution Regarding Forward Looking Statements
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Actual future events, circumstances, performance and trends could materially differ from those set forth in these statements due to various factors, including but not limited to: general economic conditions; the effects of current, pending and future legislation; regulation and regulatory actions; actions and initiatives by both current and future competitors; our ability to accommodate increased levels of trading activity and keep current with market data requirements; the risks related to the ability of NYFIX to develop and market its products and services; NYFIX's success in obtaining, retaining and selling additional products and services to clients; the pricing of products and services; stock market activity; the ability of NYFIX's Transaction Services Division to maintain third-party assistance to access exchanges and other important trading venues; changes in technology; the availability of skilled technical associates; the ability of NYFIX to obtain necessary network equipment, technical support or other telecommunications services or being forced to pay higher prices for such equipment, support or services; and the impact of new acquisitions and divestitures; and other risks and uncertainties including those detailed in our SEC filings; as well as future decisions by us. There can be no assurance that the forward-looking statements will prove to be accurate and the inclusion of such information should not be regarded as a representation by NYFIX or any other person that the objectives and plans of NYFIX will be achieved. In addition, the forward-looking statements included in this press release represent NYFIX's views as of the date of this press release. NYFIX anticipates that subsequent events and developments will cause NYFIX's views to change. However, while NYFIX may elect to update these forward-looking statements at some point in the future, NYFIX specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing NYFIX's views as of any date subsequent to the date of this press release. All trademarks, trade names, logos, and service marks referenced herein belong to NYFIX, Inc.
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