LONDON, April 22 /PRNewswire/ --

- Users of Townsend's RealTick execution management system (EMS) can 
directly route to pioneering dark pool for U.K. listed equities

Townsend Analytics (http://www.townsendanalytics.com), a leading provider
of global multi-broker, cross-asset electronic trading solutions, is adding
the recently launched, broker-neutral Euro Millennium dark pool from NYFIX to
its extensive choice of destination offerings through Townsend's RealTick(R)
EMS.

The connection enables RealTick's buy- and sell-side clients to route
electronic orders for UK listed cash equities today, and will be rolling out
other major European markets over the course of 2008. These orders can be
sent directly to the dark pool itself or through a preferred broker. Traders
can employ NYFIX's continuous, real-time matching algorithms to execute
trades within the best bid/offer of the primary market as well as send
pass-through orders. Traders also can let orders reside in the system until a
natural fill arises to minimize market impact.

European equity markets are undergoing dramatic transformation, driven by
regulatory changes allowing cross-border and off-exchange trading, as well as
by the growth in electronic and algorithmic trading. While these catalysts
have in turn spurred the development of other dark pools, ETFs, Alternative
Trading Systems (ATSs) and quoting venues, Euro Millennium's unique
neutrality and open market model set it apart.

"As a truly open European dark pool, Euro Millennium supports all market
participants seeking price improvement and minimal market impact--be they
buy-side, sell-side or the hedge fund community," affirms Paul Kelly,
Director, NYFIX International Ltd. "Townsend is a natural partner for NYFIX
as we are closely aligned in our desire to provide our clients with optimal
trade execution," he explains.

"We are pleased to be one of the first EMS platforms to connect to Euro
Millennium and to offer our clients yet another opportunity for price and
volume discovery with complete anonymity," comments Michel Finzi, Managing
Director, Global Head of Sales and Marketing for Townsend Analytics. "We have
a successful relationship with the NYFIX Millennium U.S. dark pool, and look
forward to contributing to the growth and support of their European venue,"
he adds.

Townsend's RealTick EMS aggregates multiple brokers, destinations and
products onto a single-screen format for ease of use and faster electronic
order routing. Clients include institutional and proprietary trading desks,
hedge funds, CTAs, FCMs, buy-side institutions and professional traders in 94
countries and territories around the world.

About RealTick

RealTick, created by Townsend Analytics, is the electronic trading
industry's premier multi-asset, multi-broker, and multi-route direct-access
trading platform. RealTick delivers real-time market data, news and
analytics; sophisticated trading tools; unrivaled access to brokers,
exchanges and ECNs; and risk management tools to institutions, broker-dealers
and individual investors. RealTick's advanced technical design is supported
by state-of-the-art data centers and a redundant network for market data and
orders. For more information, visit http://www.realtick.com.

-- RealTick is a registered trademark of Townsend Analytics, Ltd.

About Townsend Analytics

Townsend Analytics has been changing the way the world trades since 1985.
The Chicago-based company created many technology innovations that are now
considered standards in the financial services industry. These include the
first real-time financial software under Microsoft Windows(R); the first
product to provide real-time streaming data over the Internet; the first
integrated solution for NASDAQ trading rooms; and the first Windows-based
direct-access trading solution. Townsend Analytics also developed Archipelago
and the Archipelago Exchange, the nation's first all-electronic, fully open
exchange. The firm has engineered direct-access solutions for money managers,
asset managers, hedge funds and mutual funds worldwide. The firm's four main
lines of business include Trading Services, Content Services, Exchange
Services, and Risk Management Services. Townsend Analytics, Ltd. is a wholly
owned, independently-operated subsidiary of Lehman Brothers. For more
information, visit http://www.taltrade.com.

About NYFIX, Inc.

A pioneer in electronic trading solutions, NYFIX continues to transform
trading through innovation. The NYFIX Marketplace(TM) is a global community
of trading counterparties utilizing innovative services that optimize the
business of trading. The NYFIX Millennium ATS(R) provides the Marketplace
community with new methods of accessing liquidity. NYFIX also provides
realtime information and analytic services for liquidity discovery. A trusted
business partner to buy-side and sell-side alike, NYFIX enables ultra-low
touch, low impact market access and end-to- end transaction processing. NYFIX
International Limited, a subsidiary of NYFIX, Inc., is the operator of Euro
Millennium, and is authorized and regulated by the UK Financial Services
Authority, FRN 400884. Please visit http://www.nyfix.com for more information
about NYFIX and http://www.thinkliquidity.com for more information about Euro
Millennium.

Web site: http://www.townsendanalytics.com
              http://www.taltrade.com
              http://www.nyfix.com
              http://www.thinkliquidity.com