This transaction, coupled with its recently completed acquisition of the Securities Industry Automation Corporation (SIAC), will give NYSE Group a world-class platform for delivering technology and services to customers for accessing liquidity and managing transactions across markets and geographies. TransactTools' standards-based messaging technology leads the industry in speed and scalability and is the enterprise backbone for global transaction routing at many of the world’s largest financial institutions. SIAC operates SFTI, the high-performance network connecting market participants to liquidity and information, and Sector, a commercial business unit providing connectivity, managed services, and market data content to the financial services industry.
“My colleagues and I welcome Sam Johnson and the TransactTools team to NYSE Group and look forward to working together to deliver an entirely new class of technology solutions for our customers,” said Jerry Putnam, NYSE Group President and co-Chief Operating Officer. “By strategically integrating the products and services of TransactTools we are addressing the changing connectivity needs of our clients and the broader market. We look forward to providing our customers with the ability to trade any asset, in any currency, at any time through a common technology platform.”
"Our vision has always been to provide the industry with a single, simple, comprehensive solution for managing access to liquidity regardless of where it sits,” said Sam Johnson, Chief Executive Officer of TransactTools. “We're taking a huge step towards that vision in joining NYSE Group and integrating our platform with other key NYSE Group technology assets. To NYSE Group, we bring an enterprise customer base of 17 of the world's 20 largest securities firms along with an opportunity to add the strategic commercial software and services business to its core listings and executions businesses.”
Upon completion of the transaction, Mr. Johnson will be NYSE Group Executive Vice President reporting directly to Mr. Putnam and will be responsible for integrating the TransactTools, SFTI, and Sector businesses into a single commercial unit for NYSE Group. TransactTools has 40 employees located in its
About TransactTools
TransactTools is the leader in electronic trading connectivity solutions for the global financial services industry. Launched in 2001, TCM was the industry's first enterprise platform for transactional connectivity management. It remains the only end-to-end solution of its kind, providing transaction management across protocols and markets through the world's highest-performing financial messaging engine and an integrated suite of business applications. TransactTools maintains an elite Professional Services group that provides strategy, implementation, and training services for customers and partners and was the first company to launch free, centralized testing services for validating FIX implementations.
TransactTools is based in
About NYSE Group, Inc.
NYSE Group, Inc. (NYSE:NYX) operates two securities exchanges: the New York Stock Exchange (the “NYSE”) and NYSE Arca, Inc. (formerly known as the Archipelago Exchange, or ArcaEx®, and the Pacific Exchange). NYSE Group is a leading provider of securities listing, trading and market data products and services. In the third quarter of 2006, on an average trading day, 2.2 billion shares, valued at $80.1 billion, were traded on the exchanges of the NYSE Group.
The NYSE is the world’s largest and most liquid cash equities exchange. The NYSE provides a reliable, orderly, liquid and efficient marketplace where investors buy and sell listed companies’ common stock and other securities. On
NYSE Arca operates NYSE Arca, Inc., the first open, all-electronic stock exchange in the
NYSE Regulation, an independent not-for-profit subsidiary, regulates member organizations through the enforcement of marketplace rules and federal securities laws. NYSE Regulation also ensures that companies listed on the NYSE and NYSE Arca meet their financial and corporate governance listing standards.
For more information on NYSE Group, go to:www.nyse.com
