NYFIX Euro Millennium™ Matches €90 Million to Set New Single Day Consideration Record
16 Dezembro 2008 - 7:00AM
Business Wire
NYFIX, Inc. (Nasdaq: NYFX), a leading provider of innovative
solutions that optimize trading efficiency, announced today a new
single-day matched consideration record of �90 million ($120
million) for its Euro Millennium dark pool crossing network set on
Friday, December 12. This consideration record comes on the heels
of a daily matched volume record of 23 million shares and �63
million of consideration set on December 2. The value of liquidity
available in the pool on Friday�s record day exceeded �22.9
billion, and of the 1,041 stocks that were represented, an
approximately equal amount were UK, French and German. Chris Smith,
Director, NYFIX International, comments: �Judging by the depth and
breadth of liquidity we have seen in Euro Millennium over the past
couple of weeks, it is becoming clear that clients are really
starting to appreciate the greater price improvement and reduced
market impact they can receive.� NYFIX Global Head of Transaction
Services C. Thomas Richardson adds: �In the United States, dark
pools and crossing networks are well-established and a vital part
of most firms� trading strategy. In Europe, a similar trend is
developing as more firms experience the benefits of dark trading,
and adopt algorithms that can access these venues.� Euro Millennium
is a neutral and independent crossing network that offers real-time
continuous matching at or within the best bid and offer of the
primary exchange. With the flexibility of various trading execution
options Euro Millennium enables firms to meet their execution
objectives without concerns for information leakage. On December 12
Euro Millennium�s buy- and sell-side clients experienced: Reduced
Market Impact and Optimal Price Improvement. Executed trades
ranging from large-cap to small-cap stocks, achieved an average
price improvement on December 12 of 12.95 basis points. More
specifically, averages for FTSE indices include: ���������FTSE 100
��8.69 bps�������� FTSE 250 � 21.39 bps���������FTSE Small Cap �
70.36 bps Breadth of Liquidity. Executions on 12th December were
split across 6 markets; 85% in UK stocks, 5% in French stocks, 4 %
in German stocks and 2% in Dutch, Belgian and Portuguese stocks
respectively. Market Ratios. On December 12, Euro Millennium
captured significant market ratio in single stocks across all
market capitalizations. Market Ratios on 12 December 2008* � Market
� Security Market Ratio Market Capitalization � Brussels
ELIA�SYSTEM�OP�ORD 49.85% SMLL CAP � London BODYCOTE�ORD 19.71% MID
CAP � London DE�LA�RUE�ORD 15.80% MID CAP � Frankfurt SUEDZUCKER
9.44% MID CAP � London ARM�HOLDINGS�ORD 9.20% MID CAP � London
HIKMA�PHARMA�ORD 6.23% MID CAP � London STHREE�ORD 5.73% SMLL CAP �
London ANTISOMA 5.18% SMLL CAP � London MARSTON'S�ORD 5.11% MID CAP
� London THOMAS�COOK�GROUP�ORD 4.61% LARGE�CAP � * Executions on
Euro Millennium divided by executions on primary exchange (incl.
OTC) x 100 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.
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