NYFIX Acquires Ownership Interest in EuroLink Network.

Business Editors

STAMFORD, Conn.--(BUSINESS WIRE)--March 6, 2002

NYFIX, Inc. (NASDAQ: NYFX) today announced it has acquired a 40% ownership interest in EuroLink Network, Inc., a privately held company based in Madrid, Spain.

NYFIX, Inc. acquired its interest in return for granting licensing and distribution rights and $4,000,000 invested directly in EuroLink Network as working capital. The deal is non-dilutive to NYFIX shareholders. Under the terms of the agreement, EuroLink Network will offer NYFIX's equity terminals, market access and services to the European marketplace, primarily on a transaction fee basis.

Like in the US, NYFIX sees a strong opportunity in the European equity market for its terminal and routing services and is expanding its network presence. The Company believes that its investment in Eurolink Network will shorten its ramp up time, particularly in the equity transaction business. In addition to its potential return on investment, NYFIX will generate transaction fees from every customer deal entered into by EuroLink Network.

"Our products and services are very timely and competitive in the market. EuroLink Network brings a very strong sales team to the table, with solid coverage of several European countries. In terms of a time-to-market issue, this partnership will bring us closer to where we want to be," said Peter Kilbinger Hansen, Chief Executive Officer of NYFIX, Inc.

The Company's London-based subsidiary, NYFIX Overseas, will continue to concentrate on order management and routing solutions for the derivatives markets. While the Company intends to focus its European equity efforts through EuroLink, the arrangement does not preclude NYFIX Overseas or NYFIX Transactions Services from entering into other direct or indirect customer arrangements.

Humberto Toro, President of EuroLink Network, commented, "This partnership represents an exciting opportunity for both companies. The proceeds from this deal will facilitate our investment in local infrastructure to support a roll-out of NYFIX equity products in Europe. We have built an effective sales organization with extensive knowledge of European and the US markets, a crucial element to attracting European clients to NYFIX's products and services. Our plan is to bring technology, access and execution services to Europe with a focus on the transaction revenue side where we believe there is tremendous upside for this product line."

"We have already spoken to many potential clients and have submitted several contracts for NYFIX order management, routing and execution services. As a result of NYFIX's established infrastructure and proven product line, we believe we can implement these products in Europe rather quickly. After evaluating various partnership opportunities, we felt strongly that NYFIX's combination of superior products, market positioning and infrastructure far surpassed any other options in the market," added Mr. Toro.

In addition to the current 40% ownership interest, the terms of the agreement give NYFIX the option to increase its ownership to 80% at a later date.

NYFIX, Inc. (NASDAQ: NYFX), through its subsidiaries, provides electronic trading systems, industry-wide trade routing connectivity, straight-through processing and execution services and systems to the global equities and derivatives financial markets.

NYFIX USA, LLC develops real-time order management trader workstations, exchange automation systems, trade order and execution routing and STP solutions for brokerage firms and other financial institutions. NYFIX USA operates the NYFIX Network, the industry's largest FIX order-routing network, processing between 500 million to 1.2 billion shares of U.S. listed equity securities on a daily basis. NYFIX USA is a pioneer in the adoption of the FIX protocol and all its products are FIX-compliant.

NYFIX Transaction Services, Inc., a recently acquired broker-dealer, has a pending membership application filed with the NASD. NYFIX Transaction Services, Inc. will provide execution and smart order routing solutions primarily to domestic and international broker-dealers and specialized trading firms.

NYFIX Millennium, LLC, the broker-dealer affiliate of NYFIX, Inc., is an Alternative Trading System which provides a real-time, anonymous automated matching system for equity trading. 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, LLC include NYFIX, Inc., ABN Amro, Banc of America Securities, Deutsche Bank, JP Morgan, Lehman Brothers, Morgan Stanley, Sanford C. Bernstein & Co., SG Cowen Securities Corp., UBS Warburg and Wachovia Securities.

NYFIX Overseas, Inc. specializes in electronic trading solutions for the derivatives markets and develops order management workstations and exchange interface systems, supporting trading on more than 20 of the world's leading international derivatives exchanges. NYFIX Overseas has customers in Europe, the U.S. and the Far East.

Eurolink Network, Inc., the Madrid, Spain-based affiliate of NYFIX, Inc. offers direct electronic access to the US equity markets from Europe. With a complete suite of order management, routing and execution products and services, EuroLink Network provides traders with superior speed, reliability and security through an established network infrastructure.

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.