NYFIX to Begin Trading Under Symbol NYFXE on Nasdaq

Share Name	Share Symbol	Market	Type
Nyfix (MM)	NASDAQ:NYFXE	NASDAQ	Ordinary Share

Nyfix (NASDAQ:NYFXE)
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NYFIX to Begin Trading Under Symbol NYFXE on Nasdaq STAMFORD, Conn., April 2 /PRNewswire-FirstCall/ -- NYFIX, Inc. , a leader in technology solutions for the financial marketplace, today announced that its common stock will begintrading under the symbol NYFXE effective Monday, April 5, 2004. The addition of the "E" to the company's trading symbol indicates that the Company has not timely filed its Annual Report on Form 10-K for the year ended December 31, 2003, as previously announced by the Company. Based on the delay in filing of the Company's Form 10-K, NASDAQ notified the Company on April 1, 2004 that the Company is not in compliance with the NASDAQ listing requirements (Marketplace Rule 4310(c)(14)). In accordance withthe notification and NASDAQ Marketplace Rules that outline the standard procedures to obtain a hearing in these circumstances, the Company intends to request, within seven days of the notification, a hearing with the NASDAQ Listing Qualifications Panelfor continued listing on the NASDAQ National Market. The Company expects to be granted a hearing within three to four weeks of its request, during which time the Company's common stock will remain listed on the NASDAQ National Market. As previously announced, the delay in the filing of the Company's Form 10- K is a result of the Company's ongoing discussions with the staff of the SEC's Division of Corporation Finance regarding the Company's accounting for its investment in and acquisition of its 80%-owned subsidiary, NYFIX Millennium, L.L.C. ("NYFIX Millennium"). The discussions are part of the comment process in connection with the SEC's review of a registration statement on Form S-3 filed by the Company in 2003. As a result of these discussions, the Company intends to restate its audited results for the years ended December 31, 1999 through 2002 to change the manner in which it accounted for the 1999 original investment in, and 2002 acquisition of an additional interest of, NYFIX Millennium. The Company is working expeditiously to complete that restatement and to file its Form 10-K. About NYFIX, Inc. NYFIX, Inc. through its subsidiaries and affiliate provides electronic trading technology infrastructure and execution services to brokerage firms and institutional investors. NYFIX products and services automate trading workflows by streamlining data entry and seamlessly integrate electronic order and execution handling. NYFIX offers a complete electronic desktop order management solution, stationary and wireless handheld exchange floor technology; FIX (Financial Information eXchange Protocol) messaging and monitoring tools and a high volume trade execution platform. Its products deliver straight through processing ("STP") for front, middle and back office trade transaction processing. NYFIX maintains multiple data centers and an extensive network of electronic circuits that link industry participants for electronic trade communication and provides access to the global equities and derivatives financial markets. NYFIX, a pioneer in the FIX-based solutions offers a FIX-compliant product suite. NYFIX's core technology, which includes equity solutions for listed and over-the-counter markets, derivatives and future products and Javelin's Appia and Instant Integrator products, are complemented by NYFIX's broker-dealer operations, which offers its NYFIX Millennium ATS and trade execution services. Headquartered in Stamford, Connecticut, NYFIX has additional offices in New York City, Chicago, San Francisco, London and Madrid. For more information, please visit http://www.nyfix.com/ and http://www.javtech.com/. 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 inclusionof 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. DATASOURCE: NYFIX, Inc. CONTACT: Jennifer Carberry of NYFIX, Inc., +1-203-425-8000, Web site: http://www.nyfix.com/

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NYFXE Nyfix (MM)