18 December 2017
visit http://response.ncr.com

Nyfix stakes ownership of Eurolink Network; expands in Europe; reports Platinum sales

02 April 2004  |  3126 views  |  0 Nyfix stakes ownership of Eurolink Network; expands in Europe; reports Platinum sales

Trading technology vendor Nyfix has signed an agreement to acquire the remaining 60% of Madrid-based Eurolink Network that it didn't already own, in a transaction valued at $0.5 million.

Eurolink Network provides direct electronic access to the US equity markets from Europe via its suite of order management, routing and execution products and services.

Nyfix acquired its initial 40% stake in Eurolink Network in a bid to expand its equity network presence across Europe.

In connection with its international expansion plans, Nyfix says it is also establishing a subsidiary in the UK. The vendor has also opened two European data centres based in London and Amsterdam.

Furthermore, Nyfix says it has also secured contracts during Q1 2004 worth approximately $2 million in revenue, primarily through sales of its Platinum trading platform.

Peter Kilbinger Hansen, CEO of Nyfix, says the firm has signed a total of 16 new broker/dealers during the quarter: "We have seen an increase in the interest level for our core brokerage services as well as a shortening of our sales cycle."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

NYFIX posts widening losses

NYFIX posts widening losses

09 March 2004  |  3080 views  |  0 comments
Revenues up but losses widen at Nyfix

Revenues up but losses widen at Nyfix

30 October 2003  |  3123 views  |  0 comments
Nyfix remains in the red

Nyfix remains in the red

29 July 2003  |  2759 views  |  0 comments
Nyfix revises guidance; expects to report Q2 loss

Nyfix revises guidance; expects to report Q2 loss

24 July 2003  |  2598 views  |  0 comments
Nyfix to acquire Renaissance Trading Technologies

Nyfix to acquire Renaissance Trading Technologies

03 July 2003  |  5883 views  |  0 comments
Nyfix acquires 40% stake in EuroLink

Nyfix acquires 40% stake in EuroLink

06 March 2002  |  2646 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.atos.netvisit www.response.ncr.comvisit www.niceactimize.com

Top topics

Most viewed Most shared
satelliteRipple completes XRP Lockup
11049 views comments | 3 tweets | 2 linkedin
Banks tap Ethereum smart contracts for MiFID II complianceBanks tap Ethereum smart contracts for MiF...
8592 views comments | 15 tweets | 15 linkedin
Banks and fintech startups join forces on blockchain-based supply chain pilotBanks and fintech startups join forces on...
7537 views comments | 19 tweets | 22 linkedin
Nordea takes Open APIs into live productionNordea takes Open APIs into live productio...
7023 views comments | 6 tweets | 26 linkedin
hands typing furiouslyReshaping Customer Engagement & Da...
6961 views 0 | 4 tweets | 2 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job