NYFIX, Inc. Files Registration Statements Relating To A Public Offering Of Common Stock.

Business Editors

STAMFORD, Conn.--(BUSINESS WIRE)--May 7, 2001

NYFIX, Inc. (NASDAQ: NYFX) today announced that it has filed a registration statement relating to the public offering of 3,450,00 of its Common Shares, including an over-allotment option.

The Company intends to use the net proceeds from the offering for working capital and general corporate purposes, including possible acquisitions. The offering will be managed by JP Morgan, UBS Warburg, Robertson Stephens and U.S. Bancorp Piper Jaffray.

The Company is a leading provider of electronic trading infrastructure and technologies to the professional trading segment of the brokerage community. With its desktop workstations, stationary and wireless exchange floor systems, electronic automation systems and straight-through processing solutions, the Company streamlines data entry, routing and execution and eliminates many processing inefficiencies. The Company's technology is being used by over 200 customers, many of which are the largest and most respected firms in the industry. The Company processed an average of over 450 million shares during the first quarter of 2001, with daily volumes reaching as high as 843 million shares.

The Company expects that the underwriters to the offering will commence research coverage on the Company following the offering as permitted by law.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time such registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

For more information please contact John H. Coleman, Senior Vice President, at [phone].

NYFIX, Inc. (NASDAQ: NYFX) develops and markets advanced electronic trading systems to brokerage firms, international banks and global exchanges trading in equities and derivative instruments. The Company's NYFIX Network, a combined FIX (Financial Information eXchange Protocol) and Exchange Access Network, enables users to electronically communicate trade data among the buy-side, sell-side, and exchange floor environments. NYFIX is one of the financial community's fastest-growing intranets.

NYFIX Millennium, L.L.C., the Broker-Dealer affiliate of NYFIX, Inc., is an Alternative Trading System (ATS) which aims to provide investors with a valuable tool for achieving best execution. NYFIX Millennium seeks to help investors achieve price improvement, ensure anonymity and reduce market fragmentation through the electronic linkage of various liquidity sources, including exchanges and ECNs. NYFIX Millennium complements the existing market structure while eliminating many of its inefficiencies. NYFIX Millennium leverages the NYFIX network's large order routing share volume to provide a more efficient liquidity source for the financial community.

Investors in NYFIX Millennium, L.L.C. include NYFIX, Inc., Banc of America Securities, Deutsche Bank, First Union Securities, ING Barings, JP Morgan H&Q (formerly Chase H&Q), JP Morgan & Co., Lehman Brothers, Morgan Stanley, Sanford C. Bernstein & Co., Inc., SG Cowen Securities Corp. and UBS Warburg.

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainty, including without limitation, the ability of the Company to market and develop its products. Although the Company believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by the Company or any other person that the objectives and plans of the Company will be achieved.