NEW YORK , NEW YORK , December 17, 2007 – NYSE TransactToolsSM, a subsidiary of NYSE Euronext (NYSE Euronext: NYX), today announced that Currenex has been added as a market center on the Secure Financial Transaction Infrastructure® (SFTI®).
Currenex, which was acquired by State Street earlier this year, is a market leader in the foreign exchange market, providing execution technology and access to liquidity for banks, corporations, hedge funds and other active trading firms. Foreign exchange is the largest and most liquid market in the world with trading volumes of approximately $2.3 trillion per day. Connectivity to more than 60 global banks makes Currenex one of the deepest liquidity pools in Forex.
Through SFTI’s high availability and low latency network, customers are able to receive market data and trade on Currenex using TCP/IP, XML and FIX. Currenex CTO Sean Gilman says, “Our customers value Currenex for its high performance and low latency. They depend on the speed of our technology to exercise their trading algorithms. Partnering with NYSE TransactTools extends the reach of our trading network by emphasizing performance.”
“We are very pleased to add Currenex availability to our SFTI customers,” added Sam Johnson, NYSE Euronext Executive Vice President and CEO of NYSE TransactTools. “It reflects our strategy of adding key market centers to SFTI that add liquidity for our growing and diversified global customer base.”
Created in 2002, SFTI is the highly resilient, ultra low latency communications backbone dedicated to the financial industry. It offers connectivity to NYSE as well as other exchanges, market centers and content services providers, including all of the National Market System markets in the U.S. , and also connects to over 800 market participants. SFTI provides open, standards-based access for data and trading. The OMS neutral FIX router enables customers to get to any destination through a single FIX connection.
SFTI was designed to be the industry’s most secure and resilient network for electronic trading and was engineered to contain no single point of failure. All connections, equipment, power supplies and network links are redundant. Independent, self-healing fiber-optic rings enable financial data traffic to move uninterrupted along another pathway should a SFTI fiber pathway be compromised.
About NYSE TransactToolsSM
NYSE TransactTools, a wholly owned subsidiary of NYSE Euronext (NYSE Euronext:NYX), provides financial markets and market participants with an open, low latency, and neutral platform for global trading connectivity that improves liquidity and reduces risk. The synergistic high performance environment, software and network facilitate DMA trading and market data dissemination between market centers, traders and third party service providers. Firms can access liquidity globally through a single technology platform with extremely low latency. The combination of the SFTI connectivity backbone with the transaction management capabilities of TCM6, provides a flexible platform for services from the physical layer up through message routing and translation, monitoring, configuration and market data dissemination. Providing core technology to 17 of the 20 largest securities firms in the world, in addition to providing communications infrastructure to hundreds of other firms, NYSE TransactTools is the leading provider of connectivity for the largest global liquidity pool. For more information, visit www.nyse.com/transacttools.
Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning NYSE Euronext's plans, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on NYSE Euronext's current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause NYSE Euronext's results to differ materially from current expectations include, but are not limited to: NYSE Euronext's ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk and U.S. and global competition, and other factors detailed in NYSE Euronext’s reference document for 2006 ("document de référence") filed with the French Autorité des Marchés Financiers (Registered on June 6, 2007 under No. R.07-0089), 2006 Annual Report on Form 10-K, as amended, and other periodic reports filed with the U.S. Securities and Exchange Commission or the French Autorité des Marchés Financiers. In addition, these statements are based on a number of assumptions that are subject to change. Accordingly, actual results may be materially higher or lower than those projected. The inclusion of such projections herein should not be regarded as a representation by NYSE Euronext that the projections will prove to be correct. This press release speaks only as of this date. NYSE Euronext disclaims any duty to update the information herein.
NYSE Transact Tools: Joyce Smith
112-383-2168
jsmith@nyse.com
Currenex, Inc.: Richard Wright
212-340-1799
richard.wright@currenex.com