03.03.2008 14:00:00
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C. Thomas Richardson to Join NYFIX as Global Head of Transaction Services
NYFIX, Inc. (Nasdaq: NYFX), ("NYFIX”
or the "Company”), a
trusted provider of innovative solutions that optimize trading
efficiency, announced today that C. Thomas Richardson will be joining
NYFIX as Global Head of Transaction Services. In this newly created
position, Richardson will oversee management of the company's suite of
electronic execution products and services, including NYFIX's Millennium
ATS dark pool, the soon to be launched Euro Millennium dark pool, and
the company's algorithmic trading and other agency brokerage services.
Additionally, he will be involved in strategic development activities
for NYFIX.
"We're pleased to welcome Tom aboard and excited about what this means
for the long-term growth of NYFIX," said Howard Edelstein, CEO of NYFIX,
Inc. "Tom's core strengths and knowledge of
the industry will perfectly complement our existing Transactions
Services team which will continue to be managed on a day-to-day basis in
the US by Brian Carr and Tony Portelli and in Europe by Chris Smith and
Paul Kelly. I’m confident that this
outstanding team will build upon our recent successes and advance our
strategy to expand into new geographies and new instruments, and
increase market penetration on both the buy-side and sell-side."
Mr. Richardson is currently Executive Vice President of the Boston Stock
Exchange (BSE) where he is responsible for Corporate Strategy, including
managing the sale of the company to NASDAQ. Prior to that, Mr.
Richardson was a 13-year veteran of Citi's Corporate Investment Bank,
most recently acting as Managing Director of US Equities. While at Citi,
Richardson headed up strategic development, analyzed and provided
guidance on market structure developments, architected the firm's equity
trading platform, and advised on a number of strategic acquisitions and
business development deals.
Mr. Richardson will be joining NYFIX once NASDAQ’s
acquisition of the BSE, announced in October 2007, is completed. Until
that time he will continue in his role at the BSE and consult for NYFIX.
"I’m thrilled about
the opportunity to join NYFIX, a company that is well positioned to take
advantage of emerging market structure changes both in the US and in
Europe,” said Richardson. "Having
spent a dozen years on the trading side of the business, I look forward
to adding my unique perspective and contributing to the firm’s
strategic development while working with the talented team that is
currently in place to take NYFIX’s
transaction services to the next level.” About NYFIX, Inc.
A pioneer in electronic trading solutions, NYFIX continues to transform
trading through innovation. The NYFIX MarketplaceTM
is a global community of trading counterparties utilizing innovative
services that optimize the business of trading. NYFIX Millennium®
provides the Marketplace community with new methods of accessing
liquidity. NYFIX also provides value-added informational and analytic
services and powerful tools for measuring execution quality. A trusted
business partner to buy-side and sell-side alike, NYFIX enables
ultra-low touch, low impact market access and end-to-end transaction
processing.
Please visit http://www.nyfix.com for
more information.
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