STAMFORD, CT November 11 2003: NYFIX, Inc. (NASDAQ: NYFX) announced today that its wholly-owned subsidiary, NYFIX Clearing Corporation, has received approval from the Depository Trust and Clearing Corporation (DTCC) to operate as a clearing firm.

With the last phase of the regulatory approval process complete, NYFIX Clearing Corporation is in the process of making final preparations to begin clearing trades on behalf of NYFIX Millennium LLC and NYFIX Transaction Services, Inc. NYFIX Clearing Corporation expects to begin clearing business on November 17, 2003, with an initial settlement date of November 20, 2003.

NYFIX, Inc. through its subsidiaries and affiliate provides electronic trading technology infrastructure and execution services to brokerage firms and institutional investors. NYFIX products and services automate trading workflows by streamlining data entry and seamlessly integrate electronic order and execution handling. NYFIX offers a complete electronic desktop order management solution, stationary and wireless handheld exchange floor technology; FIX (Financial Information eXchange Protocol) messaging and monitoring tools and a high volume trade execution platform. Its products deliver straight through processing ("STP") for front, middle and back office trade transaction processing. NYFIX maintains multiple data centers and an extensive network of electronic circuits that link industry participants for electronic trade communication and provides access to the global equities and derivatives financial markets.

Jennifer P. Carberry
(203) 425-8000

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development