NYSE EURONEXT TO BUY TRADING SOLUTIONS PROVIDER NYFIX

Posted August 27, 2009

NEW YORK – NYSE Euronext has announced plans to acquire (through its NYSE Technologies Inc. commercial technology division), the trading solutions provider NYFIX Inc. for about $144 million, pending approval by NYFIX shareholders and by regulators.

Upon closing of the acquisition, expected in the fourth quarter, the NYFIX FIX business, incorporating the company’s industry-leading FIX Software business and the NYFIX Marketplace, will become part of NYSE Technologies’ offerings.

“The agreement we have reached with NYSE Euronext represents substantial value for NYFIX shareholders,” says Howard Edelstein, CEO of NYFIX. “This is an all cash deal at a premium to the current market for NYFIX shares. NYFIX customers will also benefit greatly through the combination of two of the industry’s leading trading communities, creating a global transaction marketplace connecting buy-side and sell-side, as well as from the strength of the NYSE Euronext platform and global brand.”

The NYFIX Marketplace is a FIX-based community connecting more than 1,000 global trading counterparties through more than 9,000 fully managed FIX-based messaging channels. NYSE Euronext plans to explore various alternatives for the NYFIX Transactions Services business, including its Millennium dark pool.  

“NYFIX is a natural extension of our connectivity business and fits nicely into our SFTI Integrated Partner Solutions, which currently enables hundreds of technology providers to offer value added products and services to participating firms,” says Stanley Young, Chief Executive Officer of NYSE Technologies and co-CIO, NYSE Euronext. “The synergies will be particularly apparent to the pre-trade buy- and sell-side communities, which will benefit from a broad combination of technology assets and connections for efficient end-to-end transaction processing. We look forward to welcoming the NYFIX community to NYSE Euronext.”