New York, July 15, 2008: NYFIX, Inc. (Nasdq: NYFX), a leading provider of innovative solutions that optimize trading efficiency, today announced that BNY ConvergEx’s Eze Castle Software, a leading buy-side order management system (OMS) provider, has chosen NYFIX as its preferred FIX engine provider and will upgrade to Appia v5 – NYFIX’s newest FIX Engine – to power its OMS FIX messaging technology. The agreement builds upon the companies’ existing relationship and ensures that Eze Castle’s OMS FIX messaging will continue to be powered by Appia in the future.
Appia v5 has raised the bar for FIX engine performance with significantly reduced latency and higher message throughput, enabling users to handle increased trading volumes and remain responsive to fast-moving market opportunities. This high performance engine supports enterprise-wide deployments across multiple asset classes, desks, and countries, while the addition of innovative Dynamic Load Balancing and High Availability options ensure immediate failover protection for uninterrupted trading.
“It’s great to team up with a like-minded partner like Eze Castle who is focused on staying ahead of the curve and making the latest technology available to its clients,” said Bob Moitoso, Global Head of the FIX Division at NYFIX. “Eze Castle’s clients are sophisticated, high-frequency trading firms that demand the best in technology to maintain a competitive edge, and pairing Eze’s leading OMS technology with our newest release of Appia will certainly give them an advantage.”
Commenting on the agreement, Jeff Shoreman, COO of Eze Castle Software said, “We are very excited about our continued partnership with NYFIX and the benefits the combination of Appia and the Eze OMS will bring to our clients. NYFIX’s position as a pioneer in the FIX industry, its deep knowledge of FIX technology and its dedication to continuing innovation gives us the confidence that they will continue to evolve their services to meet our clients’ demands.”
Nicolle Farthing & Viviana Vigano, Cre8 Results
Phone: +44(0)20 7734 9199
Jed F. Hamilton, Intermarket Communications
Phone: +1 212 754 5479
Don Duffy, Integrated Corporate Relations
Phone: +1 203 682 8200
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® 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.
About BNY ConvergEx Group
BNY ConvergEx Group, LLC provides global institutional agency brokerage and investment technology solutions to institutional clients worldwide. The Company’s key business lines – Liquidity and Execution Management, Investment Technologies and Intermediary and Clearing Services – focus on a broad array of services designed to deliver a comprehensive, integrated platform of performance-driven, global multi-asset class trading capabilities. BNY ConvergEx Group is comprised of the following businesses: BNY ConvergEx Execution Solutions LLC (member NYSE/FINRA/SIPC), including BNY Global Transition Management and LJR Recapture Services; LiquidPoint, LLC (member CBOE/SIPC); Eze Castle Transaction Services LLC (member FINRA/SIPC); Westminster Research Associates LLC (member FINRA/SIPC); G-Trade Services LLC (member FINRA/SIPC); BNY Jaywalk LLC; ConvergEx Global Markets Ltd. and Eze Castle Software LLC. BNY ConvergEx Group is an affiliate of The Bank of New York Mellon Corporation. (NYSE: BK). Additional information is available at www.bnyconvergex.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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