Nyfix to acquire Javelin Technologies

Nyfix, the Connecticut-based electronic trading and straight-through processing systems vendor, is set to acquire Wall Street-based FIX (Financial Information eXchange) infrastructure supplier, Javelin Technologies.

Nyfix will finance the transaction with a combination of $11 million cash and approximately $44 million of Nyfix common stock. In addition, it has negotiated an earn-out clause whereby a portion of the purchase price will be based on Javelin's 2002 revenues. The transaction is scheduled to close on March 31, 2002.

Javelin Technologies currently boasts over 1,000 installations at 300 buy- and sell-side institutions, exchanges and electronic connectivity networks, including 50 clients in Europe

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here