Nyfix offers free FIX engine

Source: Nyfix

NYFIX, Inc. (Pink Sheets: NYFX), a leader in technology solutions for the financial marketplace, announced today it is now offering a single connect version of its industry leading NYFIX Appia FIX Engine at no cost to qualified institutions.

NYFIX Appia provides financial institutions the foundation for sending and receiving messages electronically across the front, middle, and back office, bringing efficiency, reliability and speed to their trading operations globally. The NYFIX offering uniquely combines the Top Ranked Buyside FIX Network in North America with the Top Ranked FIX Engine from TowerGroup's and FIX Protocol Limited's recently released 2005 Global FIX Survey. This combination offers an extensive array of global connectivity options, including institutions, brokerage firms, ECNs/ATSs, and equity and derivatives exchanges worldwide.

"The free version of NYFIX Appia being offered is the same technology that is used by the largest trading counterparties around the world," said Robert Gasser, Chief Executive Officer of NYFIX. "The single connect version combined with the NYFIX Network will give even the smallest institution access to any of our impressive number of global end points. We view this strategy as integral to our broader goal of aggressively expanding distribution of the NYFIX Network."

NYFIX provides the domestic and international financial markets with trading workstations, trade automation technologies and trade communications technologies, enabling broker-dealers, institutions and exchanges to electronically interact with one another.

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