Javelin Technologies Releases Appia 4.0. New Version of Leading FIX Infrastructure Includes Message Reliability Enhancements

NEW YORK, November 16, 2004- Javelin Technologies, a wholly-owned subsidiary of NYFIX, Inc. (Nasdaq: NYFX), and the leading supplier of FIX solutions to the global securities industry, today announced that the Company has released version 4.0 of its flagship FIX and financial protocol infrastructure engine, Appiaâ„¢.

"Appia 4.0 represents the latest in FIX engine technology with significant advancements in outbound FIX message delivery and message reliability in addition to resource utilization improvements," commented Keith Jamaitis, President of NYFIX USA who oversees Javelin operations. Other additions include advances to its extensibility framework, which enables users to add custom plug-ins into the engine’s architecture to accommodate specialized messaging and other functionality.

"Appia 4.0 represents the best of breed in FIX and multi-protocol technology. So far in 2004, we’ve licensed approximately 150 FIX Engines through direct sales, channel partners and through third-party systems providers including Charles River Development, EzeCastle Software, InData and Portware" added Mr. Jamaitis.

The Javelin team remains fully committed to development of the Appia product line and expects the improvements to the engine to help Javelin maintain its leadership position in FIX arena. When combined with the NYFIX Network, the Appia engine offers an extensive array of global connectivity options, including institutions, brokerage firms, ECNs/ATSs, and equity and derivatives exchanges worldwide. "With over thirty resources dedicated to the development and maintenance of its FIX product suite, I believe the NYFIX/Javelin team is unrivaled in the space," said Mr. Jamaitis.

"As a pioneer in FIX infrastructure, Javelin has consistently delivered top-tier technology solutions to the financial marketplace. What people don’t know about Javelin’s offering is that it is surprisingly cost-effective. We have implemented an extremely competitive pricing structure that offers customers flexible payment options to suit their individual business needs, including licensing, subscription, or transaction fee arrangements available through our affiliated broker-dealers," concluded Mr. Jamaitis.

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