NYSE TECHNOLOGIES
Order Routing
A Marketplace Service
FAST FACTS
What is it?
A full service, outsourced solution providing
the buy-side with fully managed message
channels to their trading counterparties
allowing them to electronically communicate
via FIX.
Who is it for?
Buy-side firms looking to trade electroni-
cally with a community of over 600 sell-side
firms, exchanges, ECNs, and ATSs globally.
What does it provide?
Streamlined and fully managed
connectivity of over 10,600 FIX-based
messaging channels.
Simplified Electronic Access to a Global Community of Counterparties
Leveraging the FIX protocol, NYSE Technologies’ Order Routing service allows our global
Marketplace community of more than 1,200 buy-and sell-side firms to send and receive vital
trade information in real-time, and with the connectivity model of their choice, a one-to-many
or direct service.
Customer Challenges
• Managing Connections
Without an extensive network of counterparties at their fingertips, firms must establish
connections individually, a time-consuming, costly, and burdensome task.
• Adapting to New Trading Workflows
Firms without FIX expertise struggle with constantly changing workflows. Integrating new
asset classes such as derivatives and foreign exchange become projects in themselves, and
many providers have a hard time integrating advanced trading features such as algorithms.
• Lack of FIX Experience
Trading counterparties without FIX experience must devote staff resources to managing all
the various versions of FIX and the varying interpretations of the language.
Solution Benefits
• White Glove Client Service
We take the intricacies out of electronic trading, conforming to your individual order man-
agement system (OMS) and specific version of FIX. We do the FIX message translation with
your counterparties, so you don’t have to worry about various nuances that can occur
(conversion, suppression of tags, etc.).
• Fast On-Boarding
Our community members can dramatically shorten the time to implement services and begin
trading with counterparties. This goes beyond connecting circuits and addresses the greater
challenge of connecting applications.
• Reliability
With multiple data centers, automatic fail-over procedures, and real-time data replica-
tion, our architecture is structured to provide consistent and reliable service for both of our
models, maintaining the integrity of clients’ trade data in the event of line outage or other
technical issues.
• Expertise
We manage one of the largest FIX communities and introduced the first commercial FIX
engine. With 14+ years of experience, we are equipped to handle any FIX situation.
• Flexible to Your Workflow
We can easily integrate our service into your OMS, support all versions of FIX, and handle
orders, executions, indications of interest (IOIs), advertised trades (ATs), allocations, and all
asset classes.
• World Class Support
We provide 24-hour monitoring and technical support. Our Support team can address
application, hardware, circuit, and carrier troubles. We aim to deliver a superior level of
support with rapid response times and effective resolutions for our clients.
 NYSE TECHNOLOGIES

Order Routing
A Marketplace Service

Two Distinct Models

NYSE Technologies is the only connectivity provider in the industry to offer two models that
can be used separately or in tandem depending on your strategy. You can now reap the value
of two separate resilient and redundant connectivity services offered by one experienced and
trusted provider: About NYSE Technologies
• Order Routing Hub: This is our traditional, one-to-many model that offers Marketplace mem- NYSE Technologies provides comprehensive
bers access to our community of counterparties through a single FIX connection. This simple transaction, data, and infrastructure services
model substantially reduces the costs to implement and to maintain electronic connectivity. and managed solutions for buy-side, sell-
SELL-SIDE side, and exchange communities that require
next-generation performance and expertise
ATS for mission critical and value-added client
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BUY-SIDE services.
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NYSE
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TECHNOLOGIES
SE S SIO

SESSIO

ECN
HUB
FIX SESSION
Access Network
(SFTI or other) Find Out More
Access Network MANAGEMENT
(SFTI or other)
Contact our Trading Solutions team now
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MESSAGE RECOVERY
for further information.

Call:
+1 212 510 3600 (US)
• Order Routing Direct: Using Direct’s patent-pending technology, buy-side firms can connect +44 20 7623 0444 (Europe)
and heart beat directly with their trading counterparties. NYSE Technologies will monitor +852 3973 6458 (Hong Kong)
and support each channel to your trading partners. This can be implemented for buy-sides +81 3 3667 4730 (Tokyo)
who may want back-up connectivity to their top brokers or need a more latency sensitive
connection. Email:
ORDER ROUTING DIRECT NYSE-Technologies-Sales@nyx.com
PATENT-PENDING TECHNOLOGY SELL-SIDE Sales-Asia-Technologies@nyx.com
BUY-SIDE

Web:
www.nyse.com/technologies
FIX PROXY,
MESSAGE RECOVERY

Key Features:
• FIX Compliance Certification and Testing
NYSE Technologies provides centralized certification of connected parties in compliance
with FIX. All counterparties are certified in a consistent and reliable format.
• FIX Version Translation
We handle all FIX version translations, including translation to/from non-FIX messaging
standards. This eliminates the need to support multiple systems for each counterparty and
minimizes system changes as a result of on-going advances in technology.
• Session Level Set-Up and End-of-Day Maintenance
The buy-side is only required to connect with one FIX session, one endpoint – meaning one
IP and port configuration. Further, FIX end-of-day processes occur only once. This reduces
processing overhead and the likelihood of errors.
• FIX Customization
Order Routing gives you full support for customized FIX messaging, including support for
all algorithms.
Copyright 2010 NYSE Technologies Inc. All rights reserved. All third party trademarks are owned by their respective owners and are used with permission. This announcement may contain forward-looking statements regarding NYSE Euronext and its affiliates.
Such statements are based upon the current beliefs and expectations of management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements

www.nyx.com
©2010 NYSE Euronext
All Rights Reserved

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