Nyfix (Nasdaq:NYFX), a leading provider of innovative solutions that optimize trading efficiency, announced today that the average daily matched value in Euro Millennium, its neutral European dark pool, has increased over 70% so far this year, from nearly 48 million euros ($67 million) in December 2008 to nearly 82 million euros ($111 million) in May 2009.
During this time significant liquidity has grown in the pool across more than 1,000 European stocks covering all market capitalizations. In particular, the depth of mid-cap and small-cap stocks has increased considerably and now represents 39% of the total executed volume in the pool.
Also today, NYFIX announced the successful completion of its most recent OMS partner agreement with global service provider Bloomberg. With immediate effect, Euro Millennium can now be accessed through Bloomberg's Buy-Side Execution Management System (EMSX) and their Sell-Side Execution Order Management System (SSEOMS). The completion of this important gateway now gives users of these services around the world instant, efficient, and seamless access to Euro Millennium through their existing Bloomberg desktop trading tools.
Geoff Patsch, Bloomberg Global Head of Sell-Side Execution Order Management System (SSEOMS) commented, "This is an exciting new service to offer our global client base. Dark pools are an established and important part of the trading mix and we are delighted that our trading community can now benefit from access to one of the leading dark pools in Europe."
Chris Smith, Director of NYFIX International added: "We are very pleased that Bloomberg clients can now benefit from immediate access to our dark pool through their existing workflows to instantly and efficiently seek and locate valuable liquidity in this highly competitive landscape. The addition of Bloomberg now brings the total number of Euro Millennium OMS/EMS live partnerships to eleven, ensuring that industry participants can quickly access, seek and discover liquidity in Euro Millennium through their existing trading infrastructure."
Commenting on the growth of Euro Millennium, Smith said: "These positive trends prove once again that clients are increasingly turning to dark pool trading as a vital component of their overall trading strategy mix. Euro Millennium is seeing significant liquidity as a result across a broad range of stocks which demonstrates that our clients are gaining confidence that resting orders in the pool provides greater price improvement while minimizing market impact."