| NYFIX, Inc., together with its subsidiaries, provides trading workstations, middle office trade automation technologies, and trade messaging services in the United States and internationally. It operates in three divisions: FIX, Transaction Services, and Order Management Systems (OMS). The FIX division offers NYFIX Marketplace Service that allows clients to communicate with trading counterparties as members of the NYFIX Marketplace and access other services. This division also sells software licenses and provides consultative services to financial institutions and third-party software vendors to build and manage securities trading systems and applications using FIX and related messaging services. The Transaction Services division provides anonymous matching under Regulation ATS and order routing for the U.S. equity securities; offers algorithmic trading technology to enhance execution results, direct market access, and access to NYFIX Millennium; settles and clears transactions; operates a matched book stock borrow/stock loan business; and resells products and services offered by FIX division and OMS division. The OMS division offers broker-dealers desktop solutions that enable trading in various markets, including the NYSE, NYSE Alternext, and Nasdaq. This segments products include order management, routing and straight through processing (STP), interfaces to back office systems, data storage and retrieval, electronic submission of trade data to NYSE systems, and other services to facilitate STP. The companys clients include the U.S. exchange member, the U.S. non exchange member, and the non U.S. securities firms; the U.S. hedge funds; and registered investment advisers. NYFIX was founded in 1955 and is headquartered in New York, New York with additional offices in London, Hong Kong, Tokyo, as well as in Boston, Massachusetts and Lyndhurst, New Jersey. |
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