As a result of the agreement, Paladyne will extend its offering by providing its ASP clients with access to FIX connectivity for electronic trading and order routing over the NYFIX Network, one of the industry's largest FIX networks with over 450 trading counterparties.

In addition, as part of the agreement, Paladyne clients will also have fully integrated access to NYFIX Millennium®, a leading provider of dark pool liquidity, and NEXASTM, a suite of algorithmic trading solutions offered by NYFIX Transaction Services.

Paladyne clients will also be able to take advantage of NYFIX NaturalTM, which buy-side firms use to communicate Indications of Interest (IOIs) to each other. Additionally, Paladyne's clients will have access to Millennium advertised trades, as well as integrated broker natural IOIs, via the NYFIX IOI package.

"The "Powered by NYFIX" offering enables users to seamlessly integrate the NYFIX Network with their proprietary technology," said Barry Smith, Senior Vice President for Business Development at NYFIX. "By leveraging Paladyne's hosted ASP solution, we expect to reach a large number of hedge funds that want a turn-key electronic trading and order routing solution."

"When we considered all the capabilities NYFIX could offer our clients, they were a logical choice as a technology and connectivity partner," said Sameer Shalaby, Chief Executive Officer for Paladyne. "By integrating NYFIX into the PALADYNE suite, we now extend our front-to-back-office solution to include comprehensive order routing and execution capabilities."