Scotia Capital Forms Strategic Alliance with NYFIX to Deliver a Best-in-Class Indications of Interest Service to the Canadian Equities Market



    TORONTO, Aug. 12 /CNW/ - Scotia Capital today announced a strategic
alliance with NYFIX, Inc. (Nasdaq:   NYFX) to deliver an independent,
broker-neutral, best-in-class Indications of Interest (IOI) service to the
Canadian equities market. Under this partnership, the next generation of
Scotia's IOI service, TradeChat, will be powered by NYFIX's global IOI
service, ioinet. NYFIX ioinet's sophisticated analytics, filtering and
buy-side order management system (OMS) integration capabilities will greatly
enhance TradeChat clients' ability to quickly find and capitalize on both
Canadian and global trading opportunities without costly information leakage
and market impact.
    TradeChat is the pre-eminent IOI service in Canada today with more than
40 buy-side and 30 of the top sell-side firms in Canada using the service. The
addition of these firms to the nearly 500 firms that are already members of
the NYFIX ioinet community will further broaden the global reach of that
service, and promote additional trading into the Canadian markets.
    "We are committed to providing our clients with the best IOI service
possible and are excited about the benefits that working with NYFIX will bring
to our TradeChat clients," said Patrick Burke, Managing Director and Head of
Institutional Equities at Scotia Capital. "NYFIX's product capabilities,
support services and commitment to evolving and expanding their global IOI
business make them an ideal partner."
    Bob Moitoso, Global Head of the FIX Division at NYFIX, said: "We are
honored that Scotia Capital chose to partner with us in their efforts to
provide their TradeChat clients with liquidity discovery tools. We believe
this alliance will bring a number of benefits to TradeChat and ioinet clients
alike and we look forward to powering and supporting the TradeChat service and
adding their premier Canadian clients to our global IOI community."

    About Scotiabank and Scotia Capital

    Scotiabank is one of North America's premier financial institutions and
Canada's most international bank. With close to 69,000 employees, Scotiabank
Group and its affiliates serve approximately 12.8 million customers in some 50
countries around the world. Scotiabank offers a diverse range of products and
services including personal, commercial, corporate and investment banking.
With more than $513 billion in assets (as at April 30, 2009), Scotiabank
trades on the Toronto (BNS) and New York Exchanges (BNS). For more information
please visit www.scotiabank.com.
    Scotia Capital is the wholesale banking arm of the Scotiabank Group,
offering a wide variety of products to corporate, government and institutional
clients. Scotia Capital provides full-service coverage across the NAFTA
region, and also serves selected niche markets globally through two divisions,
Global Capital Markets and Global Corporate and Investment Banking. Scotia
Capital has 21 offices and more than 300 relationship managers organized
around industry specialties.

    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. NYFIX Millennium(R) provides the NYFIX Marketplace(TM)
with new methods of accessing liquidity. NYFIX also provides value-added
informational and analytical services and powerful tools for measuring
execution quality. A trusted business partner to the buy-side and sell-side
alike, NYFIX enables ultra low touch, low impact market access and end-to-end
transaction processing. For more information, please visit www.nyfix.com.





For further information:

For further information: Scotia Capital, Joe Konecny, Public Affairs, at
(416) 933-1795, or joe_konecny@scotiacapital.com; NYFIX, Inc., For Investors,
Don Duffy, ICR, (203) 682-8200, or For Media, Eric Soderberg, NYFIX, Inc.,
(646) 525-3234, or eric.soderberg@nyfix.com


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