NYFIX Migrating Millennium Dark Pool to New High-Performance Technology Architecture to Support Latency-Sensitive Order Flow

HPX Architecture Delivers Significant Improvement in Response Times Plus Greater Resiliency and Higher Throughput

Related Quotes

Symbol	Price	Change
NYFX	1.67	0.00

{"s" : "nyfx","k" : "c10,l10,p20,t10","o" : "","j" : ""}

NEW YORK, March 3, 2009 (GLOBE NEWSWIRE) -- NYFIX, Inc. (Nasdaq:NYFX - News), a trusted provider of innovative solutions that optimize trading efficiency, today announced that trading on its U.S.-based Millennium dark pool is being migrated to the company's new high-performance technology architecture, known as HPX. As a result of this new architecture, Millennium HPX is now faster, more resilient, and a higher throughput dark pool capable of acknowledging client orders in fewer than three milliseconds. This is a significant improvement in performance over the previous version of Millennium and is expected to provide clients with increased opportunities for matches and attract additional latency-sensitive order flow to the pool.

Dmitri Galinov, Director, Credit Suisse Advanced Execution Services (AES), comments: "We have been carefully monitoring the performance of this new version of Millennium and have seen a significant improvement in system response times. We are encouraged by these enhancements and anticipate increasing our flow to the pool accordingly."

The HPX architecture is currently powering the company's European dark pool, Euro Millennium, and will eventually power all NYFIX services, including the NYFIX Marketplace. The rollout of Millennium HPX began in early February and is expected to be completed toward the end of the first quarter 2009.

C. Thomas Richardson, Global Head of Transaction Services at NYFIX, comments: "We have invested heavily in the new HPX architecture over the past couple years and are very excited to have it power our U.S. Millennium dark pool. We have received a lot of positive feedback from our European clients regarding Euro Millennium's performance on this new architecture. We are pleased with the exceptional performance benchmarks that we have been able to establish thus far for Millennium HPX and we look forward to completing the roll-out."

About NYFIX, Inc.

A pioneer in electronic trading solutions, NYFIX continues to transform trading through innovation. The NYFIX Marketplace is a global community of trading counterparties utilizing innovative services that optimize the business of trading. NYFIX Millennium(r) provides the NYFIX Marketplace 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.

ICR
For Investors
Don Duffy
(203) 682-8215

Broadgate
London:
For Media
Nicolle Farthing
Tania Vie Riba
+44 (0) 20 7726 6111
nyfix@broadgate.co.uk

Intermarket Communications
New York:
Jed Hamilton
(212) 754-5479