NYFIX Expands IOI Reach with Acquisition
Traders Magazine, May 2008
Almost two years after rolling out its first indications-of-interest (IOI) product, NYFIX is upgrading its offering to cater to the changing needs of big traders. As part of this effort, NYFIX last month purchased FIXCITY, a U.K.-based technology firm, for $6.6 million in an all-cash deal. "This will accelerate our liquidity-seeking and liquidity-aggregation capabilities and hence our ability to execute orders for clients," chief executive Howard Edelstein told Traders Magazine.
All TradersMagazine.com articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, online technology directory, the iPad App, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and trading strategies.