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Article: NYFIX Millennium to Launch After-Hours Cross.
- Article from:
- Securities Industry News
- Article date:
- September 22, 2003
CopyrightCOPYRIGHT 2003 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NYFIX Millennium, the alternative trading system focusing on listed stocks, plans to launch an after-hours cross in the first week of October that will offer continuous matching between 4:02 p.m. and 4:15 p.m. (EST), providing another vehicle to match trades at end-of-day closing prices.
Bob Gasser, president of NYFIX Millennium and the firm's two other broker-dealer subsidiaries, said Millennium's after-hours technology emerged from the development stage last Wednesday. The firm plans to introduce the product to customers over the next few weeks before the official launch, when a message will begin popping up on the NYFIX's system alerting users to the ...