NYFIX Affirms Previously Announced Delay in Filing Quarterly Report on Form 10-Q and Expectation of Filing in a Few Days

STAMFORD, Conn., May 26, 2004 /PRNewswire-FirstCall via COMTEX/ -- NYFIX, Inc. (Nasdaq: NYFXE), a leader in technology solutions for the financial marketplace, today affirmed, as it had previously announced on May 17, 2004, that there will be a delay in filing its quarterly report on Form 10-Q for the quarter ending March 31, 2004, originally due May 10, 2004. However, as also previously announced, the Company expects to file its Form 10-Q and its Annual Report on Form 10-K for the year ended December 31, 2003 in the next few days.

As previously announced, the Company has appealed a notification by Nasdaq of noncompliance with Nasdaq's listing requirements because the Company had not timely filed its 2003 Form 10-K. Nasdaq notified the Company on May 19, 2004 that the Company is not in compliance with the Nasdaq listing requirements (Marketplace Rule 4310(c)(14)) because the Company had not timely filed its Form 10-Q and will consider such noncompliance in rendering its decision. The Company has requested an extension to May 30, 2004 to meet the Nasdaq listing requirements and is awaiting a decision on its request.

Upon completion of the Company's filings, the Company expects it will be in compliance with its SEC reporting obligations, at which time the Company will request that Nasdaq dismiss the pending delisting action against the Company and permit the Company's common stock to resume trading on the Nasdaq National Market System under the symbol NYFX.

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