NYSE buys Nyfix

The NYSE has seen its future, in which strong links to the buy-side are critical. To strengthen those ties, the NYSE Euronext will purchase Nyfix for about $144 million. A small deal to be sure, but it offers a glimpse into the NYSE's thinking.

Nyfix's software allows buy-side players to communicate with brokers and banks using the FIX network. Currently, it encompasses about 1,000 traders. One aspect of the system allows indications of interest, which have been controversial in the dark pool universe.

It's unclear how NYSE Euronext aims to integrate the offering exactly, but it obviously intends to build faster, better technology pipes from active traders to core NYSE services. Through these pipes it can upsell more services. Most seem to think it will see Nyfix's dark pool. 

For more:
- here's the FT article

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