30 November 2009 News

 

NYSE Euronext completes acquisition of NYFIX

NYSE Euronext has completed of its acquisition, through NYSE Technologies, of NYFIX, in an all-cash deal for approximately $144 million (£87.5 million), or $1.675 (£1.02) per common share without interest plus preferred stock consideration. The acquisition will expand NYSE Euronext's pre-trade product offering and its buy-side and sell-side communities.

With the completion of the acquisition, the NYFIX FIX business, which incorporates the company's NYFIX Marketplace and the 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. 

The NYFIX Transaction Services US electronic agency execution business comprised of its direct market access and algorithmic products and the Millennium Alternative Trading System, as previously announced, are being acquired by ConvergEX, subject to customary closing conditions, including regulatory approvals.