NYFIX MOVES U.S. DARK POOL ONTO NEW TECHNOLOGY ARCHITECTURE

Posted March 3, 2009

NEW YORK – Trading solutions provider NYFIX Inc. is migrating trading on its US-based Millennium dark pool to HPX, a new high-performance technology architecture, to increase the speed, resiliency and throughput of its operations.

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

HPX can acknowledge client orders in less than three milliseconds, and is already running NYFIX’s Euro Millennium dark pool. NYFIX began its rollout of HPX on the US Millennium dark pool in early February and plans to complete the rollout by the end of the first quarter. The provider also plans to use HPX to power all its services, including the NYFIX Marketplace.

“We have invested heavily in the new HPX architecture over the past couple years,” says C. Thomas Richardson, Global Head of Transaction Services at NYFIX. “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.”