This excerpt taken from the NYFX 8-K filed Apr 13, 2007.
NYFIX Ranked First for NYSE Execution Quality in Annual Celent Study
NEW YORK, April 9, 2007 - NYFIX, Inc. (PINK SHEETS: NYFX) ranked first for NYSE execution quality based on price in an annual study recently published by Celent LLC, a leading independent research and analysis firm for the securities industry. The rankings represent data collected from September 2006 to November 2006 from SEC-mandated execution quality reports submitted by 179 total market participants. Data from more than 3.1 billion orders for almost 1.6 trillion shares is represented in the rankings.
This report demonstrates that NYFIX is making good on its commitment to optimize the trading operations of its clients, said Brian Carr, CEO of NYFIX Millennium LLC. As the industrys fastest growing pool of non-displayed liquidity, NYFIX Millennium greatly increases our clients ability to obtain price improvement, both via conditional orders that rest in Millennium and through pass-through orders that check Millennium for a match on the way to another liquidity source or trading destination.