NYSE TECHNOLOGIES MARKETPLACE FIX SESSION MANAGEMENT MESSAGE RECOVERY Access Network Access Network SELL-SIDE BUY-SIDE Executing Brokers Prime Brokers Clearing Brokers F I X S E S S I O N F I X S E S S I O N ATS Investment Managers Hedge Funds Wrap Managers Buy-side Outsourcers Find Out More Contact our Sales Team to learn more about the services listed herein as well as our ull array o oerings. Call: +1 212 510 3600 (Americas) +44 20 7623 0444 (EMEA) +852 3973 6458 (Asia Pacic) +81 3 3667 4730 (Japan) Email: [email protected] [email protected] Web: www.nyse.com/technologies Copyright 2010 NYSE Technologies Inc. All rights reserved. All third party trademarks are owned by their respective owners and are used with permission. Leverage FIX to create a more efcient post-trade process Electronic trading across multiple asset classes and venues creates a unique opportunity or buy- and sell-side rms to re-evaluate their current workfow. NYSE Technologies leverages its 15+ years o experience with FIX to help manage our clients’ post-trade allocation process. NYSE Technologies has long oered FIX Allocation Services as part o its portolio, but recently has seen increased demand. In 2010, the Marketplace community saw an uptick o 70% o buy-side rms turning to FIX to manage their post-trade allocations. These rms are thinking outside-th e-box in order to gain a competitive advantage. Customer Challenges Cumbersome Process Today’s trading systems are lightning ast and move in micro-seconds. However, post- trade settlement still takes several days to complete and is a very manual process. Risk o Error Since unctions like allocations oten occur in the Middle Oce, allocation errors are oten ound late in the settlement process. This potentially makes nal settlement occur on the last possible day. New Asset Classes Not Fully Supported As rms race to support the need or better and aster multi-asse t trading environments , post-trade services that are relied on to allocate and conrm trades with brokers and banks haven’t kept up. Cost Prohibitive Firms must outsource their post-trade alloca- tions to third party rms, which can become a costly endeavor. Solution Benefts More Efcient Process NYSE Technologies is ully certied and integrated into many OMS/EMSs via the NYSE Technologies Marketplace. This improves the allocation process without un-necessary cost and replaces traditionally manual workfows. Moves Allocations Closer to Execution By moving the allocation process to the ront- oce, errors related to allocations can be recognized earlier in the settlement process. This mitigates risk as the trade moves through the settlement process. Allocates Multi-Asset Classes Our FIX Allocation Service supports a broad range o multi-asset instruments including equities, derivatives , xed income, utures, and options. Cost Savings Since FIX is an open and world standard protocol, it is an ideal place to turn or rms looking or fexibility and cost savings. NYSE TECHNOLOGIES FIX Allocations A Marketplace Service FAST FACTS What is it? NYSE Technologies FIX Allocations service enables the buy- and sell-side to use their existing FIX inrastructure to send and receive allocations or all instruments in a secure, standardized ormat (FIX). Who is it or? The service is or the both the buy- and sell-side to allocate their trades in a timely ashion. What does it provide? The FIX Allocations service provides a streamlined and cost- and time-eectiv e solution to manage the post-trade allocation process. www.nyx.com ©2010 NYSE Euronext All Rights Reserved wm/N8945/101110 Through a ully managed channel to the NYSE Technologies Marketplace, the buy-side sends allocation instructions to the sell-side. The sell-side then conrms the distribution through the Marketplace to the buy-side, making the entire process seamless.