NYFIX And Six Partners Planning Alternative Trading System
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STAMFORD, CT--NYFIX, formerly known as Trinitech Systems, announced last week the formation of a limited liability company that will serve as a start up for an Alternative Trading System, known as NYFIX Millenium. According to NYFIX, the new ATS will provide electronic order routing with "best execution" capabilities.
Partners will include Deutsche Bank, ING Barings, Lehman Brothers, Morgan Stanley Dean Witter, Sanford C. Bernstein and Warburg Dillon Read. A seventh partner is expected to join at
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