Nyfix Transaction Services secures Nasd membership

Nyfix Transaction Services secures Nasd membership

The National Association of Securities Dealers (Nasd) has approved Nyfix's membership application for its transaction services subsidiary.

From 1 July 2002, Nyfix Transaction Services will provide execution and smart order routing solutions primarily to domestic and international broker-dealers and specialised trading firms.

Andy Wilson, president of Nyfix Transaction Services, says: "Nyfix Transaction Services will enable Nyfix to expand its market reach to international broker/dealers and specialised trading firms looking for high performance technology and market access on a transaction-fee basis."

Peter Kilbinger Hansen, president and chief executive officer of Nyfix, adds: "With multiple cross selling opportunities coming from our subsidiaries with clients in the US, Europe and the Far East, we have high expectations for the transaction side of the business."

Comments: (0)


Related News