STAMFORD, CT, April 2, 2004: NYFIX, Inc. (NASDAQ: NYFX), a leader in technology solutions for the financial marketplace, today announced that it has entered into agreements during the first quarter of 2004 for approximately $2 million in new annualized revenue, primarily through sales of its NYFIX Platinum™ offering. NYFIX currently has 6 clients using NYFIX Platinum, which is NYFIX's combined exchange listed and Nasdaq trading platform incorporating the Renaissance Market Maker workstation. The Company has signed an additional 6 clients for the system.
"We are seeing signs of renewed strength in the marketplace and have signed a total of 16 new broker/dealers during the first quarter of 2004. We have seen an increase in the interest level for our core brokerage services as well as a shortening of our sales cycle," commented Peter Kilbinger Hansen, Chief Executive Officer of NYFIX, Inc.
"In addition to a solid pipeline and backlog of client installations, we believe we have been able to increase our market share," said Keith Jamaitis, President of NYFIX USA. "In our view, the number of agreements we have executed for NYFIX Platinum validates our plans that began with our investment in and subsequent acquisition of Renaissance Trading Technologies," added Mr. Jamaitis.
"We believe the changes in the market landscape, increased financial IT spending and the establishment of NYFIX Platinum as a viable alternative to competitive systems in the marketplace will contribute to the Company's performance in 2004," concluded Mr. Hansen.
Jennifer P. Carberry
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