NYFIX Trades On New Resilient HPX

NYFIX, Inc migrates trading of its U.S. based Millennium dark pool to the companys new technology architecture, known as HPX. Millennium HPX is now faster, more resilient, and a higher throughput dark pool capable of acknowledging client orders in fewer

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NYFIX, Inc migrates trading of its U.S.-based Millennium dark pool to the companys new technology architecture, known as HPX.

Millennium HPX is now faster, more resilient, and a higher throughput dark pool capable of acknowledging client orders in fewer than three milliseconds. HPX is expected to provide clients with increased opportunities for matches and attract additional latency-sensitive order flow to the pool.

The HPX architecture is currently powering the companys European dark pool, Euro Millennium, and will eventually power all NYFIX services, including the NYFIX Marketplace. The rollout of Millennium HPX began in early February and is expected to be completed toward the end of the first quarter 2009.

We have been carefully monitoring the performance of this new version of Millennium and have seen a significant improvement in system response times, says Dmitri Galinov, director, Advanced Execution Services (AES), Credit Suisse.

“We have invested heavily in the new HPX architecture over the past couple years and are very excited to have it power our U.S. Millennium dark pool,” says C. Thomas Richardson, global head, Transaction Services, NYFIX.

“We have received a lot of positive feedback from our European clients regarding Euro Millenniums performance on this new architecture.”

L.D.

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