NYFIX, Inc. (Pink Sheets: NYFX) and BNP Paribas Securities Services today announced a strategic agreement under which NYFIX International, a subsidiary of NYFIX, and BNP Paribas Securities Services will offer innovative pan-European post trade services for NYFIX Euro Millennium. Euro Millennium is a neutral dark pool of liquidity providing rapid, anonymous matching for equity trading in European markets that is scheduled to be launched by NYFIX in Q1 2008.
This new solution adapts to the nuances of MiFID requirements and to the specifics of the emerging Multilateral Trading Facility (MTF) environment. BNP Paribas Securities Services will provide Euro Millennium with an integrated post trade service, using their own network and trusted local agents.
“We are pleased to announce this important partnership with BNP Paribas Securities Services,” says Paul Kelly, Head of Sales and Client Operations and Director of NYFIX International Limited. “Their cross border experience in post trade services across Europe made them a natural choice for Euro Millennium from day one.”
“NYFIX is one of the leading providers of trading technology and services and this is a cornerstone deal for our business” said Patrick Colle, Global Head of Clearing, Settlement and Custody Product, BNP Paribas Securities Services. Jason Nabi, Head of Financial Intermediaries UK at BNP Paribas Securities Services added: “We are very happy to be NYFIX’s partner for post-trade services and this agreement demonstrates our commitment to developing innovative solutions for a changing market. In the last 2 years, BNP Paribas has seen a great deal of development and growth in the UK and moving forward we see the MTF space as an important new client segment for the bank.”
About NYFIX, Inc.
A pioneer in electronic trading solutions, NYFIX continues to transform trading through
innovation. The NYFIX Marketplace™ is a global community of trading counterparties utilising innovative services that optimise the business of trading. NYFIX Millennium provides the Marketplace community with new methods of accessing liquidity. NYFIX also provides value added information and analytic services and powerful tools for measuring execution quality. A trusted business partner to buy-side and sell-side alike, NYFIX enables ultra-low touch, low impact market access and end-to-end transaction processing. NYFIX International Limited, a subsidiary of NYFIX, Inc., is the operator of Euro Millennium, and is authorised and regulated by the UK Financial Services Authority, FRN 400884.
Please visit http://www.nyfix.com for more information about NYFIX.
About BNP Paribas Securities Services
BNP Paribas Securities Services (securities.bnpparibas.com) is a leading securities services provider to the world’s financial institutions, with a local presence in all key European markets as well as in the US and Australasia. With 5,000 dedicated staff in 21 countries, BNP Paribas Securities Services has almost 900 clients, including 8 of the world’s top 10 investment managers, and a global custody network covering 91 markets. It holds over EUR 3.9 trillion of assets under custody (June 2007) and EUR 825 billion of assets under administration for 6,125 funds worldwide. The bank also provides performance attribution and risk-management analysis for 2,900 investment portfolios, and in 2006 processed over 32 million securities transactions.
+44 (0)20 7680 5051
FOR BNP Paribas Securities Services
Shani Halstead, Corporate Communications
+44 (0) 20 7595 2436
Ilias Catsaros, Corporate Communications
+44 (0) 20 7595 2215
Hélène Delannoy, Corporate Communications
+33 (0) 1 4014 6514