NYSE Euronext Announces Acquisition of Strategic Shareholder Interest in Fixnetix
16 Febbraio 2012 - 10:00AM
Business Wire
NYSE Euronext today announced an agreement to subscribe for
shares in Fixnetix Limited, a leading service provider of ultra-low
latency data provision, co-location, trading services and risk
controls for more than 50 markets worldwide. NYSE Euronext has
commenced a tender offer to acquire approximately 25% of the
outstanding shares in Fixnetix and is pleased to announce that more
than 90% of Fixnetix's shareholders have already accepted the
offer. This agreement, which includes the option for NYSE Euronext
to acquire the remainder of Fixnetix at any time over the next
three years, complements key areas of NYSE Technologies’ diverse
product portfolio to offer customers integrated multi-asset market
access and managed services.
The transaction positions NYSE Technologies’ extensive global
reach and technology solutions alongside Fixnetix’s low latency
market data and trading infrastructure services to present
customers a unique combined offering of core managed services
delivered to markets and market participants around the world.
Building on NYSE Technologies ongoing deployment of Global
Liquidity Centres that already include the U.S., Europe, Tokyo and
Toronto, this strategic investment will allow both companies to
offer their industry-leading trading and market information
services to global customers with greater integration, scale and
ease.
“This strategic shareholder interest in Fixnetix aligns with our
mission to build a global capital markets community supported by
world-class technology, broad connectivity and diverse customer
participation that yields greater liquidity and market innovation,”
said Stanley Young, CEO of NYSE Technologies. “With our collective
experience in delivering customer-driven technology solutions that
facilitate global multi-asset trading, we will create an even more
compelling value proposition for market participants trading
anywhere in the world.”
Michael Geltzeiler, Group Executive Vice President and CFO of
NYSE Euronext added, “Today’s announcement further demonstrates
NYSE Euronext’s commitment to using our strong capital position to
create immediate strategic value that delivers greater
opportunities for the company, our diverse global customers and the
broader marketplace. Acquiring this strategic interest in Fixnetix
allows us to better leverage our combined technology presence to
reach more customers in more locations.”
“We at Fixnetix are thrilled with the investment from NYSE
Euronext as this will enable us to expand our U.S. coverage and
expand into Asia,” said Hugh Hughes, Chief Executive of Fixnetix.
“Fixnetix and NYSE Technologies share common philosophies of
working with our customer base to increase efficiency and reduce
costs.”
Although the companies will continue to operate independently,
where appropriate NYSE Technologies and Fixnetix will work together
to offer customers integrated market access to highly attractive
liquidity venues in Europe, the Americas and Asia. Clients can
choose from a broader portfolio of targeted trading solutions
delivered with a lower time to market as a single solution through
the integration of the best-in-class technologies from these market
leaders. The investment enables both parties to streamline the
process for designing and installing various elements of complex
global trading infrastructures while maintaining the proven
performance and reliability of NYSE Technologies and Fixnetix
products alongside other third-party vendors.
About NYSE Technologies
A division of NYSE Euronext (NYX), NYSE Technologies provides
broadly accessible, comprehensive connectivity and transaction
capabilities, data and infrastructure services, and managed
solutions for a range of customers requiring next-generation
performance and expertise for mission critical and value-added
trading services. NYSE Technologies offers a diverse array of
products, services and solutions to: the Buy Side, including order
routing, liquidity discovery and access to a community of over 630
Broker-Dealers and execution destinations globally; the Sell Side,
including high performance, end-to-end messaging software and
innovative market data products delivered on the world’s largest,
most reliable financial transaction network; and Market Venues and
Exchanges, including multi-asset exchange platform services,
managed services and expert consultancy. With offices across the
U.S., Europe, and Asia, NYSE Technologies offers advanced
integrated solutions for the global capital markets community,
earning the ability to power trading operations for many of the
world’s best financial institutions and exchanges. For additional
information visit: http://www.nyse.com/technologies
About Fixnetix
Fixnetix, winner of the 2011 Deloitte Technology Fast50 UK,
provides outsourced managed services across multiple asset classes
to leading global banks, hedge funds and proprietary trading groups
seeking ultra-low latency trading, market data, hosting,
infrastructure connectivity and risk management solutions. The
company is in 33 co-location and proximity hosting centres across
Europe and the US and offers trading access to more than 50
markets.
Fixnetix is one of the first companies to offer an FPGA (Field
Programmable Gate Array) trading solution when in late November
2010 it announced a real-time low latency filter, iX-eCute, an FPGA
to solve the eternal industry conundrum of pre-trade risk,
compliance and ultra-low latency execution. Unlike other solutions,
the iX-eCute microchip has near zero impact on latency for
governing the required checks directed by the recent SEC Rule
15c3-5 and anticipated declarations from other regulatory governing
bodies by having nic to nic times as low as 740 nanoseconds. More
information: http://www.fixnetix.com
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 2009 ("document de référence") filed with
the French Autorité des Marchés Financiers (Filed on April 22, 2010
under No. D.10-0304), 2009 Annual Report on Form 10-K 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.
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