NYFIX, INC. NAMES ROBERT B. CORMAN TO ITS BOARD OF DIRECTORS AND BRIAN BELLARDO AS GENERAL COUNSEL

STAMFORD, CT, April 9, 2003: NYFIX, Inc. (NASDAQ: NYFX), a leader in technology solutions for the financial marketplace, today announced it has named Robert B. Corman to its Board of Directors and Brian Bellardo as the Company's General Counsel.

Mr. Corman, a Director at Soros Fund Management, has over 25 years experience in the financial industry. Throughout his career, Mr. Corman has worked in portfolio management and equity research positions with investment firms RiverRock Capital, Jennison Associates, G.S. Grumman/Cowen and The Northern Trust Company. Mr. Corman began his career with Touch, Ross & Company in auditing and management services. A Chartered Financial Analyst and Certified Public Accountant, Mr. Corman holds an MBA from the University of Chicago and a BBA in accounting and finance from the University of Wisconsin.

"Bob's industry knowledge, reputation among the buyside and experience working with growth companies will be extremely valuable to us as we continue to increase our market share among the institutional investment community," commented Peter Kilbinger Hansen, CEO of NYFIX, Inc.

"The application of information technology within the investment community is accelerating and will help reshape the industry. NYFIX appears positioned with the technology, industry expertise and vision to be a leading participant," commented Mr. Corman.

Mr. Bellardo, an attorney for over 25 years, has spent the last 12 years in the securities industry, as in-house counsel with various brokerage firms including Charles Schwab & Co. and as an attorney with the Securities and Exchange Commission. Prior to entering the financial industry, Mr. Bellardo was a litigator for 16 years with the law firms of Pillsbury, Madison & Sutro and Cahill Gordon & Reindel. Mr. Bellardo, a Summa Cum Laude, Phi Beta Kappa graduate of Yale University, received his law degree from Stanford University.

"With our expanding business model and the developments and level of growth we expect, especially in our transaction-related business lines, Brian's impressive credentials and extensive securities law experience make him a welcome addition to the NYFIX Team," added Mr. Hansen.

NYFIX, Inc. through its subsidiaries and affiliates provides electronic trading systems, industry-wide trade routing connectivity, straight-through processing and execution services and systems to the global equities and derivatives financial markets.

NYFIX USA, LLC develops real-time order management trader workstations, exchange automation systems, trade order and execution routing and STP solutions for brokerage firms and other financial institutions. NYFIX USA operates the NYFIX Network, the industry's largest FIX order-routing network which processes hundreds of millions of shares of U.S. listed equity securities daily. NYFIX USA is a pioneer in the adoption of the Financial Information Exchange (FIX) protocol and all its products are FIX-compliant.

NYFIX Transaction Services, Inc., a broker-dealer subsidiary of NYFIX, Inc. and NASD member, provides execution and smart order routing solutions primarily to domestic and international broker-dealers and specialized trading firms.

NYFIX Millennium, L.L.C., an 80% owned broker-dealer subsidiary of NYFIX, Inc., is an Alternative Trading System, which provides a real-time, anonymous automated matching system for equity trading. NYFIX Millennium leverages the NYFIX network's large order routing share volume to provide a more efficient liquidity source for the financial community. Outside investors in NYFIX Millennium, L.L.C. include ABN Amro, Banc of America Securities, Deutsche Bank, JP Morgan, Lehman Brothers, Morgan Stanley, Sanford C. Bernstein & Co., SG Cowen Securities Corp., UBS Warburg and Wachovia Securities.

NYFIX Overseas, Inc. specializes in electronic trading solutions for the derivatives markets and develops order management workstations and exchange interface systems, supporting trading on more than 20 of the world's leading international derivatives exchanges. NYFIX Overseas has customers in Europe, the U.S. and the Far East.

Javelin Technologies, Inc. is a leading supplier of electronic trade communication technology and a leading provider of FIX technology. Javelin solutions provide better trading through universal connectivity, streamlining of workflow and elimination of the high costs and risks associated with the development of proprietary network links and protocol implementations.

EuroLink Network, Inc., a Madrid, Spain-based 40% owned affiliate of NYFIX, Inc., offers direct electronic access to the US equity markets from Europe. With a complete suite of order management, routing and execution products and services, EuroLink Network provides traders with superior speed, reliability and security through an established network infrastructure.

Renaissance Trading Technologies, LLC, an 18% owned affiliate of NYFIX, Inc., offers a trader workstation for the Nasdaq market, enabling principal and agency traders to electronically receive orders from multiple sources, execute orders according to best execution principles, route orders to ECN or ATS destinations and manage risk.

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. Investors are cautioned that all forward-looking statements involve risks and uncertainty, including without limitation, the ability of the Company to market and develop its products. Although the Company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by the Company or any other person that the objectives and plans of the Company will be achieved.


NYFIX, Inc. Contact:
Jennifer Plaia
Ph: 212.809.3542
Email: jplaia@nyfix.com

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