NYFIX, a provider of solutions that optimise trading efficiency, has announced that its subsidiary, NYFIX International, has selected Shadow Financial System’s ShadowSuite as the back-office solution for Euro Millennium. Euro Millennium is NYFIX International's neutral dark pool of liquidity, scheduled to be launched in Q1 2008 and providing anonymous matching for equity trading in European markets.
ShadowSuite is a scalable middle- and back-office, treasury and accounting software solution that provides multi-currency, real-time exception-based handling of all asset classes and transaction types. NYFIX will leverage ShadowSuite's functionality, on-demand data access and delivery, and global support.
"We selected Shadow Financial to help us deploy an efficient and flexible back-office service that will offer our clients a fully automated STP solution," states Paul Kelly, head of sales and client operations and director of NYFIX International.
"We welcome NYFIX as it joins our growing list of clients who are realising the many benefits of running their back office on ShadowSuite," comments Don Marino, CEO, Shadow Financial. "Our ability to process trades across markets and currencies and scale to millions of trades per day fits well with NYFIX's strategy for Euro Millennium," he adds.