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New York and Tokyo, August 4, 2008: NYFIX, Inc. (Nasdaq: NYFX), a trusted provider of innovative solutions that optimize trading efficiency, and MetaBit, a Tokyo based FIX connectivity provider, today announced their new partnership agreement. NYFIX has added MetaBit’s MLH™ (Market Liquidity Hub) to the NYFIX Marketplace, giving Marketplace members efficient access to an increased number of Japanese brokers and regional exchanges.

MetaBit’s MLH clients will benefit from membership with the NYFIX Marketplace, one of the leading fully-managed, FIX-based trading communities in the world, gaining the ability to efficiently trade with more than 400 buy-side and 475 sell-side firms who are currently members.

Bob Moitoso, Global Head of the FIX Division at NYFIX comments: “We are on a mission to provide members of the NYFIX Marketplace with the broadest range of electronic trading services and global liquidity sources possible. By partnering with MetaBit we’ve been able to accelerate our reach into the Japanese markets and satisfy our members’ request for access to brokers and exchanges in the region. We look forward to working with MetaBit to continually provide our buy-side and sell-side members with enhanced solutions and opportunities for more efficient electronic trading.”

Daniel Burgin, CEO, MetaBit adds: “Today’s firms need extended connectivity to gain traction in global markets. The NYFIX Marketplace offers MetaBit’s clients a great platform to international markets. This partnership supports a natural progression for our FIX network and allows our clients to gain seamless access to one of the world’s largest FIX enabled trading communities.”

Claus Kwon, Business Development Director for NYFIX Japan, comments: “NYFIX is committed to expanding its Japanese client base and supporting the unique requirements of our local clients. Not only does this partnership provide global reach and seamless access to a variety of trading tools and services, via the NYFIX Marketplace, it also creates a powerful local community for our clients in Japan, enabling more sophisticated trading.”

The NYFIX Marketplace is a neutral, flexible, and fully managed electronic trading solution that is supported by the industry’s most experienced FIX specialists. Solution components include FIX order routing, IOIs, certification, version translation, and extensive training and educational programs. Members of the NYFIX Marketplace benefit from access to a wide range of liquidity sources, lower trading costs, and speed-to-market with new trading counterparties and services.

-ENDS-

Contacts at NYFIX:

FOR INVESTORS:

Don Duffy
Integrated Corporate Relations
(203) 682-8215

FOR MEDIA:

London
Nicolle Farthing & Viviana Vigano,
Cre8 Results
+44(0)20 7734 9199
Email: nyfix@cre8results.com

Contacts at MetaBit:

FOR MEDIA:

Koji Ito
+81-3-3664-4160
Email: sales@meta-bit.com

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® provides the Marketplace community with new methods of accessing liquidity. NYFIX also provides value-added informational and analytic services and powerful tools for measuring execution quality. A trusted business partner to buy-side and sell-side alike, NYFIX enables ultra-low touch, low impact market access and end-to-end transaction processing. Please visit http://www.nyfix.com for more information.

About MetaBit

MetaBit is the provider of the MLH (Market Liquidity Hub), an Asian broker portal that offers Direct Market Access (DMA) to 34 brokers and access to ten exchanges through its intuitive buy side trading tool XiliX. The MLH is also accessible through the FIX Protocol, and provides access to more than 1,800 execution destinations worldwide in conjunction with MetaBit’s FIX partner networks. MetaBit is the only provider of pure FIX to native exchange connectivity to TSE, OSE, JASDAQ and TOCOM. Other services include exchange message simulators to Japan’s major stock exchanges, and FIX testing and certification products. MetaBit actively promotes FIX throughout Asia. XiliX and MLH are registered trademarks of MetaBit.

For more information please visit www.meta-bit.com

This press release was distributed by ResponseSource Press Release Wire on behalf of Cre8 Results in the following categories: Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.