NYSE TECHNOLOGIES

Order Routing
A Marketplace Service

Simplified Electronic Access to a Global Community of Counterparties

Leveraging the FIX protocol, NYSE Technologies Order Routing service allows our global Marketplace community of more than 1,200 buy-and sell-side firms to send and receive vital trade information in real-time, and with the connectivity model of their choice, a one-to-many or direct service.

Customer Challenges
Managing Connections Without an extensive network of counterparties at their fingertips, firms must establish connections individually, a time-consuming, costly, and burdensome task. Adapting to New Trading Workflows Firms without FIX expertise struggle with constantly changing workflows. Integrating new asset classes such as derivatives and foreign exchange become projects in themselves, and many providers have a hard time integrating advanced trading features such as algorithms. Lack of FIX Experience Trading counterparties without FIX experience must devote staff resources to managing all the various versions of FIX and the varying interpretations of the language.

FAST FACTS
What is it? A full service, outsourced solution providing the buy-side with fully managed message channels to their trading counterparties allowing them to electronically communicate via FIX. Who is it for? Buy-side firms looking to trade electronically with a community of over 600 sell-side firms, exchanges, ECNs, and ATSs globally. What does it provide? Streamlined and fully managed connectivity of over 10,600 FIX-based messaging channels.

Solution Benefits
White Glove Client Service We take the intricacies out of electronic trading, conforming to your individual order management system (OMS) and specific version of FIX. We do the FIX message translation with your counterparties, so you dont have to worry about various nuances that can occur (conversion, suppression of tags, etc.). Fast On-Boarding Our community members can dramatically shorten the time to implement services and begin trading with counterparties. This goes beyond connecting circuits and addresses the greater challenge of connecting applications. Reliability With multiple data centers, automatic fail-over procedures, and real-time data replication, our architecture is structured to provide consistent and reliable service for both of our models, maintaining the integrity of clients trade data in the event of line outage or other technical issues. Expertise We manage one of the largest FIX communities and introduced the first commercial FIX engine. With 14+ years of experience, we are equipped to handle any FIX situation. Flexible to Your Workflow We can easily integrate our service into your OMS, support all versions of FIX, and handle orders, executions, indications of interest (IOIs), advertised trades (ATs), allocations, and all asset classes. World Class Support We provide 24-hour monitoring and technical support. Our Support team can address application, hardware, circuit, and carrier troubles. We aim to deliver a superior level of support with rapid response times and effective resolutions for our clients.

NYSE TECHNOLOGIES

Order Routing
A Marketplace Service

Two Distinct Models

NYSE Technologies is the only connectivity provider in the industry to offer two models that can be used separately or in tandem depending on your strategy. You can now reap the value of two separate resilient and redundant connectivity services offered by one experienced and trusted provider: Order Routing Hub: This is our traditional, one-to-many model that offers Marketplace members access to our community of counterparties through a single FIX connection. This simple model substantially reduces the costs to implement and to maintain electronic connectivity.
SELL-SIDE

About NYSE Technologies

NYSE Technologies provides comprehensive transaction, data, and infrastructure services and managed solutions for buy-side, sellside, and exchange communities that require next-generation performance and expertise for mission critical and value-added client services.

ATS BUY-SIDE
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NYSE TECHNOLOGIES HUB

FIX SESSION MANAGEMENT

Access Network (SFTI or other)

S S I O N MESSAGE RECOVERY O N

Access Network (SFTI or other)

ECN

Find Out More

Contact our Trading Solutions team now for further information. Call: +1 212 510 3600 (US) +44 20 7623 0444 (Europe) +852 3973 6458 (Hong Kong) +81 3 3667 4730 (Tokyo) Email: NYSE-Technologies-Sales@nyx.com Sales-Asia-Technologies@nyx.com Web: www.nyse.com/technologies

Order Routing Direct: Using Directs patent-pending technology, buy-side firms can connect and heart beat directly with their trading counterparties. NYSE Technologies will monitor and support each channel to your trading partners. This can be implemented for buy-sides who may want back-up connectivity to their top brokers or need a more latency sensitive connection.
ORDER ROUTING DIRECT PATENT-PENDING TECHNOLOGY
BUY-SIDE SELL-SIDE

FIX PROXY, MESSAGE RECOVERY

Key Features:
FIX Compliance Certification and Testing NYSE Technologies provides centralized certification of connected parties in compliance with FIX. All counterparties are certified in a consistent and reliable format. FIX Version Translation We handle all FIX version translations, including translation to/from non-FIX messaging standards. This eliminates the need to support multiple systems for each counterparty and minimizes system changes as a result of on-going advances in technology. Session Level Set-Up and End-of-Day Maintenance The buy-side is only required to connect with one FIX session, one endpoint meaning one IP and port configuration. Further, FIX end-of-day processes occur only once. This reduces processing overhead and the likelihood of errors. FIX Customization Order Routing gives you full support for customized FIX messaging, including support for all algorithms.
Copyright 2010 NYSE Technologies Inc. All rights reserved. All third party trademarks are owned by their respective owners and are used with permission. This announcement may contain forward-looking statements regarding NYSE Euronext and its affiliates. Such statements are based upon the current beliefs and expectations of management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements

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