NYFIX Inc. Applies for Move From AMEX to Nasdaq

Business Wire, Jan 13, 2000

Business Editors

STAMFORD, Conn.--(BUSINESS WIRE)--Jan. 13, 2000

NYFIX, Inc. (AMEX: NYF) today announced that the Company has filed an application with Nasdaq for its common stock to trade on the Nasdaq Stock Market. NYFIX is currently traded under the symbol NYF on the American Stock Exchange. The Company has received commitments from Deutsche Bank, ING Barings, Knight Securities, Lehman Brothers, Inc., Morgan Stanley Dean Witter and Warburg Dillon Read that they intend to make a market in NYFIX' stock. Based on its financial condition, the Company expects the application to be promptly approved.

"As it is now, we are experiencing positive growth and we anticipate increasing profitability going forward. With the launch of the NYFIX Millennium ATS later this year, we expect the Company to move to a totally different level and we believe the change to Nasdaq, along with the participation of multiple Nasdaq leading market makers, will help raise our visibility with our customers and the investment community," commented Peter Kilbinger Hansen, NYFIX' President and Chief Executive Officer.

NYFIX, Inc. (AMEX: NYF, formerly Trinitech Systems, Inc. AMEX: TSI) develops and markets advanced electronic trading systems to brokerage firms, international banks and global exchanges trading in equities, futures & options, and currencies. The Company's NYFIX Network, a combined FIX and Exchange Access Network, enables users to electronically communicate trade data among the buy-side, sell-side, and exchange floor environments. NYFIX is the financial community's fastest-growing intranet. With more than 400 high-speed intranet circuits and 800 alternative routes, NYFIX processes more than 100 million shares of equity order flow on a daily basis. The Company's goal is to become the leading provider of real-time electronic trade entry and routing systems to the global financial services industry. NYFIX is headquartered in Stamford, Connecticut and maintains operations in New York, Chicago and London.

NYFIX Millennium L.L.C., a subsidiary of NYFIX, Inc., is registering as a broker/dealer and plans to operate in compliance with Regulation ATS. NYFIX Millennium is an "Integrated ATS, Exchange Access and Intelligent `Best Execution' Order-Routing System" designed to provide the financial community with "Best-Execution." NYFIX Millennium is built upon NYFIX's proprietary "Super FIX Engine" technology and existing NYFIX network infrastructure. NYFIX Millennium is a Hybrid Market System leveraging new regulation and technology with the power of the traditional markets.

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 inclusion of 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.