NYFIX Millennium Dark Pool Sets All-time Single Day Record, Matches 110 Million Shares

22 September 2008

NYFIX, Inc. (Nasdaq: NYFX), a trusted provider of innovative solutions that optimize trading efficiency, announced today a single-day record for the number of shares matched in its Millennium alternative trading system, or dark pool. Yesterday, despite near record levels in the volatility index (VIX), Millennium matched approximately 110 million shares across 3,126 symbols.

“What we’ve seen over the past couple days marks a compelling shift, dispelling the previous notion that traders shy away from executing in dark pools during times of high volatility,” said C. Thomas Richardson, Global Head of Transaction Services for NYFIX. “Millennium’s proven ability to outperform other execution venues and save as much as 21 basis points per share has made it a venue where traders know they can go for best execution, regardless of market conditions.”

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development