NEW YORK, April 21, 2009 (GLOBE NEWSWIRE) -- NYFIX (Nasdaq:NYFX), a trusted provider of innovative solutions that optimize trading efficiency, today announced that its unique liquidity discovery tool, NYFIX ioinet, will be integrated on FactSet Research System Inc's (NYSE:FDS) real-time news and quotes platform, Marquee, to provide clients with a consolidated real-time view of their portfolio and trading analytics. The inclusion of NYFIX ioinet on FactSet will enable users to get to market sooner with their investment decisions and overcome the challenges of finding block liquidity in a highly fragmented market.
Kirk Allen, Head Trader, NWQ Investment Management Co., comments: "We have been looking for ways to streamline our workflow and are excited that we can now leverage the capabilities of NYFIX's liquidity discovery tools from inside FactSet. It's an advantage to be able to research and implement our strategies from a single platform."
NYFIX ioinet includes advanced filtering and alerting capabilities that keep traders informed in real-time of trading opportunities on the stocks they are looking to trade. In-depth analysis tools that compare indicated liquidity with actual traded volumes, and a business model that encourages the targeted distribution of quality, timely, and accurate IOIs, give traders the information they need to execute their trades in a timely and efficient manner while minimizing information leakage and market impact.
Goran Skoko, FactSet's Director of Development for Research and Market Data, added: "We are pleased to work with NYFIX, a firm with a proven track record and history of innovation in the electronic trading space. By integrating NYFIX ioinet on FactSet we continue to provide our clients with workflow efficiencies to streamline their investment operations."
Paul Scott, Global Head of the IOI business at NYFIX, commented: "We are thrilled to have the opportunity to partner with a leading player in the research and analytics space and provide FactSet clients with the real-time liquidity information they need to make the best trading decisions. Combining FactSet's leading portfolio analytics with our electronic trading tools will give clients a competitive advantage by enabling them to quickly and efficiently research and implement their investment and trading strategies. FactSet's creative use of technology and unwavering commitment to client service also make them an ideal partner for NYFIX."
About NYFIX, Inc.
A pioneer in electronic trading solutions, NYFIX continues to transform trading through innovation. The NYFIX Marketplace(tm) is a global community of trading counterparties utilizing innovative services that optimize the business of trading. NYFIX Millennium(r) provides the NYFIX Marketplace(tm) with new methods of accessing liquidity. NYFIX also provides value-added informational and analytical services and powerful tools for measuring execution quality. A trusted business partner to the buy-side and sell-side alike, NYFIX enables ultra low touch, low impact market access and end-to-end transaction processing. For more information, please visit www.nyfix.com.
Caution Regarding Forward Looking Statements
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Actual future events, circumstances, performance and trends could materially differ from those set forth in these statements due to various factors, including but not limited to: general economic conditions; the effects of current, pending and future legislation; regulation and regulatory actions; actions and initiatives by both current and future competitors; our ability to accommodate increased levels of trading activity and keep current with market data requirements; the risks related to the ability of NYFIX to develop and market its products and services; NYFIX's success in obtaining, retaining and selling additional products and services to clients; the pricing of products and services; stock market activity; the ability of NYFIX's Transaction Services Division to maintain third-party assistance to access exchanges and other important trading venues; changes in technology; the availability of skilled technical associates; the ability of NYFIX to obtain necessary network equipment, technical support or other telecommunications services or being forced to pay higher prices for such equipment, support or services; and the impact of new acquisitions and divestitures; and other risks and uncertainties including those detailed in our SEC filings; as well as future decisions by us. There can be no assurance that the forward-looking statements will prove to be accurate and the inclusion of such information should not be regarded as a representation by NYFIX or any other person that the objectives and plans of NYFIX will be achieved. In addition, the forward-looking statements included in this press release represent NYFIX's views as of the date of this press release. NYFIX anticipates that subsequent events and developments will cause NYFIX's views to change. However, while NYFIX may elect to update these forward-looking statements at some point in the future, NYFIX specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing NYFIX's views as of any date subsequent to the date of this press release. All trademarks, trade names, logos, and service marks referenced herein belong to NYFIX, Inc.