NYFIX Affirms Previously Announced Delay in Filing Quarterly Report on Form 10-Q and Expectation of Filing in a Few Days STAMFORD, Conn., May 26 /PRNewswire-FirstCall/ -- NYFIX, Inc. , a leader in technology solutions for the financial marketplace, today affirmed, as it had previously announced on May 17, 2004, that there will be a delay in filing its quarterly report on Form 10-Q for the quarter ending March 31, 2004, originally due May 10, 2004. However, as also previously announced, the Company expects to file its Form 10-Q and its Annual Report on Form 10-K for the year ended December 31, 2003 in the next few days. As previously announced, the Company has appealed a notification by Nasdaq of noncompliance with Nasdaq's listing requirements because the Company had not timely filed its 2003 Form 10-K. Nasdaq notified the Company on May 19, 2004 that the Company is not in compliance with the Nasdaq listing requirements (Marketplace Rule 4310(c)(14)) because the Company had not timely filed its Form 10-Q and will consider such noncompliance in rendering its decision. The Company has requested an extension to May 30, 2004 to meet the Nasdaq listing requirements and is awaiting a decision on its request. Upon completion of the Company's filings, the Company expects it will be in compliance with its SEC reporting obligations, at which time the Company will request that Nasdaq dismiss the pending delisting action against the Company and permit the Company's common stock to resume trading on the Nasdaq National Market System under the symbol NYFX. About NYFIX, Inc. NYFIX, Inc. is an established provider to the domestic and international financial markets of trading workstations, middle-office trade automation technologies and trade communication technologies. Our NYFIX Network is one of the industry's largest networks, connecting broker-dealers, institutions and exchanges. In addition to our headquarters in Stamford, we have offices on Wall Street in New York City, in London's Financial District, in Chicago, and in San Francisco. We operate three data centers in the northeastern United States and data center hubs in London and Amsterdam. For more information, please visit http://www.nyfix.com/ and http://www.javtech.com/. 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. Investors are cautioned that all forward-looking statements involve risks and uncertainty, including without limitation, the ability of the Company to market and develop its products. Although the Company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward- looking statements included herein, the inclusion of such information should not be regarded as a representation by the Company or any other person that the objectives and plans of the Company will be achieved. DATASOURCE: NYFIX, Inc. CONTACT: Jennifer Carberry of NYFIX, Inc., +1-203-425-8000 or Web site: http://www.nyfix.com/ http://www.javtech.com/

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