Nyfix reports Q4 and full year results
NYFIX, Inc. (Nasdaq: NYFX; "NYFIX" or the "Company"), a trusted provider of innovative solutions that optimize trading efficiency, today reported results for the fourth quarter and full year 2007.
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For the full year 2007, revenues increased 24% over 2006, driven by a 74% increase in Transaction Services revenues. Fourth quarter revenues of $30.7 million represented a 16% increase over fourth quarter 2006. Business highlights during the quarter included the signing of key partnership agreements for Euro-Millennium, NYFIX's European-based neutral dark pool of liquidity scheduled to launch in March, as well as continued infrastructure enhancements designed to position the Company for further growth.
"We are pleased with our tremendous progress during 2007, not only in terms of revenue growth, but also with respect to the remediation activities that marked this as a transitional year," said Howard Edelstein, CEO of NYFIX. "In 2008 we look forward to focusing our energies on growing the business."
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