NYFIX ACQUIRES FIXCITY, PLANS JOINT LIQUIDITY SOLUTION

Posted April 10, 2008

NEW YORK – Electronic trading solutions provider NYFIX Inc. has acquired FIXCITY, a London-based provider of global electronic trading and liquidity discovery solutions leveraging the worldwide web and maker of IOInet, a product offering analysis, filtering and altering of indications of interest (IOIs).

“We are seeing the resurgence of IOIs as a primary source for liquidity discovery,” says Howard Edelstein, CEO of NYFIX. The firm plans to combine its IOI workflow expertise and its NYFIX Marketplace communities with FIXCITY’s front-end technology for a liquidity discovery solution with deep global IOI content and direct channels ready for integration into buy-side desktops. The goal is to leverage the expertise of the two companies to “deliver world-class trading solutions” to clients, adds Edelstein.

“Clients want both integration into their workflows, as well as visibility and control,” says Bob Moitoso, Global Head of the FIX Division at NYFIX. “We will combine our offerings to deliver a compelling and cost effective solution to the global trading community.”