NYFX Nyfix (MM)

NYFIX, Inc. (Nasdaq: NYFX), a leading provider of innovative solutions that optimize trading efficiency, and SIX x-clear, the Central Counterparty (CCP) and licensed Swiss bank formerly known as SIS x-clear, today announced their intent to enter into a partnership to develop a CCP solution for the NYFIX Euro Millennium dark pool. The solution is expected to be available by the end of 2008. Tim Wildenberg, Head of Direct Execution Services Europe at UBS Investment Bank, and a Euro Millennium client, said: "Recent events have justified the need for CCPs in an increasingly automated world. NYFIX Euro Millennium is enhancing its offering by making the smart choice of SIX x-clear, a CCP with a proven track record of delivering robust risk management and competitive post-trade costs." The partnership between NYFIX and SIX x-clear will further expand the post-trade facilities of Euro Millennium and will be offered in conjunction with BNP Paribas, which already works closely with NYFIX in offering post-trade services. SIX x-clear will enable clients to execute in one of Europe�s leading dark pools of liquidity and then settle efficiently and effectively against the central counterparty. This solution will further reduce post-trade costs and risks by providing a netting service and a real-time risk management system to ensure that all positions are continuously monitored and assessed. The netting service will create a single trade for settlement that combines all of the trades that have been done with a given counterparty for a particular International Securities Indentifying Number (ISIN). Settlement for each security will be in the principal place of settlement liquidity for the stock, allowing the interchangeability of settlement between Euro Millennium and other exchanges and MTFs. �Today�s announcement about our plan to partner with SIX x-clear marks a significant milestone in the growth and development of Euro Millennium,� said Chris Smith, Director, NYFIX International. �We are very pleased to be able to partner with a company that holds the same vision for efficient, cost-effective pan-European equity trade settlement. Since its launch earlier this year, we have seen liquidity grow dramatically in Euro Millennium and we have been working with our clients to ensure that dark trading delivers significant benefits, including price improvement and reduced market impact. One of the most important aspects in selecting SIX x-clear as our partner was the ability to ensure that mid and small-cap stocks traded on Euro Millennium could be settled as effectively as the most liquid large-cap stocks.� Marco Strimer, CEO of SIX x-clear stated: �The choice of SIX x-clear as the clearing partner for Euro Millennium provides clients with a customer-owned, customer-driven service provider which believes that both service and price are important within the clearing space. Our real-time risk management systems provide clients with a comfort level in addition to the highly efficient and comprehensive service they expect from us. The highly automated open system architecture allows seamless integration with Euro Millennium and a short time-to-market. We look forward to working with NYFIX and continuing to develop innovative services for our mutual clients.� 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. About SIX x-clear AG SIX x-clear AG is part of Swiss Financial Market Services AG. The company acts as the Central Counterparty for SWX Europe Limited and SWX Swiss Exchange and is in charge of risk management within the Securities Services division. SIX x-clear is licensed as a bank under Swiss law and enjoys the status of a Recognised Overseas Clearing House in the United Kingdom. SIX x-clear offers efficient and cost-effective Central Counterparty and clearing services in the field of securities settlement. www.ccp.sisclear.com www.sfms.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.