NYSE Euronext has completed, through NYSE Technologies, the acquisition of NYFIX in an all-cash deal for approximately $144m. This acquisition expands NYSE Euronext’s pre-trade product offering and global buy-side and sell-side communities.
With the completion of the acquisition, the NYFIX FIX business, which incorporates the company’s NYFIX Marketplace and FIX Software business, now becomes part of the offerings of NYSE Technologies. NYFIX Euro Millennium operations will cease immediately with a view to customers bringing their liquidity to SmartPool, the European dark liquidity venue created by NYSE Euronext in partnership with leading investment banks.
Larry Leibowitz, group executive vice president and head of US markets and global technology at NYSE Euronext, said: “The natural synergies born of this combination should prove beneficial for our customers and shareholders. This transaction complements our strategic corporate goals and expands our points of connectivity with customer trading communities.
“We would also like to recognize the efforts of NYFIX employees who helped to pioneer electronic trading and welcome the NYFIX community to NYSE Euronext.”
Stanley Young, CEO of NYSE Technologies and co-CIO of NYSE Euronext, said: “With the NYFIX Marketplace, NYSE Technologies now provides a vital and unique connectivity link between the buy-side and sell-side at the point of origin in the trade flow process.
“This includes more than 450 buy-side institutions and more than 600 sell-side institutions, and connections to exchanges and other electronic trade execution venues around the world.”
