STAMFORD, CT, April 7, 2003: NYFIX Transaction Services, a subsidiary of NYFIX, Inc. (NASDAQ: NYFX), announced today that it has been approved as an Electronic Access Member of the International Securities Exchange (ISE). The ISE, the only fully electronic options market, is the largest US equity options exchange. As a part of NYFIX Transaction Services' new release of its trading systems, NYFIX Transaction Services will be introducing direct electronic access to US options markets, including the ISE, integrated into a user-friendly analytical package.
"We are excited to be associated with the ISE and very much look forward to providing our clients with electronic access to this very vibrant pool of equity options liquidity," commented Robert C. Gasser, CEO of NYFIX Transaction Services. "US Equity Options connectivity, execution, analysis, and straight through processing represent a significant strategic opportunity for our firm. The market share that the ISE has achieved in overall US options volume is clear evidence that clients are enthusiastically embracing electronic trading alternatives in this marketplace."
"We are pleased to have NYFIX join ISE as an Electronic Access Member. We are gratified NYFIX recognizes the benefits of electronic trading as represented by the ISE. We look forward to satisfying the firm's needs in the options market," said Bruce D. Goldberg, ISE's senior vice president of Marketing.
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