Science & Technology
Science and Technology
Science and Technology
Wed, January 21, 2009 NYFIX Launches NYFIX Ioinet " A Unique Liquidity Discovery Solution
NEW YORK & LONDON--([ BUSINESS WIRE ])--NYFIX, Inc. (Nasdaq: NYFX), a trusted provider of innovative solutions that optimize trading efficiency, today announced the launch of NYFIX ioinet. A unique liquidity discovery solution, NYFIX ioinet takes Indications of Interest (IOIs) to the next level by combining the advanced analytic and filtering capabilities of ioinet, acquired along with FIXCITY in April 2008, with global IOI content contributed by brokers who are part of the 1,000-member strong NYFIX Marketplace community that now includes the leading European financial institutions that were original ioinet clients. This compelling combination of sophisticated analytic tools and broad global IOI content is coupled with proprietary and 3rd party order management system (OMS) workflow integration to help clients quickly find and capitalize on trading opportunities.
NYFIX ioinet's front-end functionality includes in-depth analysis tools that help buy-side traders compare indicated liquidity with actual traded volumes, helping them better gauge with whom to trade and where to locate securities. Advanced filtering capabilities enable the creation of custom watch lists, tickers, and alerts that keep traders informed in real-time on the stocks they are looking to trade. These unique features are combined with a business model that encourages the targeted distribution of quality, timely, and accurate IOIs. NYFIX ioinet also works to the sell-side's advantage by increasing the chances that their IOIs will be taken seriously and acted upon more regularly.
"In such a fragmented market, any tool that enables a buy-side trader to find liquidity without giving up control or too much information about their order is welcomed," says Laurie J. Berke, Senior Consultant for the TABB Group. Ms. Berke continued; "Buy-side traders are looking to take advantage of block opportunities any way they can, and with brokers committing less capital to trading, IOIs become an increasingly valuable tool for sourcing size."
Bob Moitoso, Global Head of the FIX Division at NYFIX, comments: "NYFIX ioinet aggregates liquidity and delivers straight to traders' desktops the real-time information they need to make the best trading decisions. Our plan is to use ioinet as a platform to deliver a steady stream of additional trading information and tools that will make it even easier for clients to find the natural liquidity they are looking for."
Martin Ekers, Head of Dealing, Northern Trust Global Investments in London adds: "NYFIX ioinet's dynamic approach to IOIs is refreshing. With its configurable WatchList we can see IOIs on stocks of interest at all times. The solution makes it a lot easier to manage the vast volumes of pre- and post-trade data that we receive."
Paul Scott, Global Head of the IOI business at NYFIX, comments: "As a founder of FIXCITY, it's exciting to see ioinet integrated with the NYFIX Marketplace at a time when IOIs are seeing a resurgence as a primary source for liquidity discovery. ioinet has quickly matured into a global platform that helps clients find liquidity while minimizing market impact and information leakage."
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 ].
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.
