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<title>Prepared By R.R. Donnelley Financial -- Form 8-K</title>
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<b>UNITED STATES </b></font></div>

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<b>SECURITIES AND EXCHANGE COMMISSION </b></font></div>

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<b>Washington, D.C. 20549 </b></font></div>

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<b>Form 8-K </b></font></div> <div><font Size="1">&nbsp;</font></div>

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<b>Current Report </b></font></div>

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<b>Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 </b></font></div>

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<b>Date of Report (Date of earliest event reported):&nbsp;&nbsp;02/06/2008 </b></font></div>




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<b>NYFIX, Inc. </b></font></div>

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<b>(Exact name of registrant as specified in its charter)</b></font></div>

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<b>Commission File Number:&nbsp;&nbsp;0-21324</b></font></div>

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<div Align="center"><font Face="times New Roman" Size="3" Color="#000000"><b>Delaware</b></font>
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<div Align="center"><font Face="times New Roman" Size="3" Color="#000000"><b>06-1344888</b></font>
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<b>(State or other jurisdiction of</b></font>
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<div Align="center"><font Face="times New Roman" Size="2" Color="#000000"><b>(IRS Employer</b></font>
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<b>incorporation)</b></font>
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<b>Identification No.)</b></font>
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<b>100 Wall Street</div><div Align="center">New York, NY 10005</b></font></div>


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<b>(Address of principal executive offices, including zip code)</b></font>
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<b>(646) 525-3000 </b></font>
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<b>(Registrant&#146;s telephone number, including area code)</b></font>
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<b> </b></font>
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<b>(Former name or former address, if changed since last report) </b></font>
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<b>Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:<BR><BR>
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<b>[&nbsp;&nbsp;]&nbsp;&nbsp;
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<BR><BR>

[&nbsp;&nbsp;]&nbsp;&nbsp;
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR><BR>


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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR><BR>


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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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<b>Item 8.01.&nbsp;&nbsp;&nbsp;&nbsp;Other Events</b></font>
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On February 6, 2008, the NYFIX, Inc. Board of Directors approved an annual non-employee director compensation program that provides for both cash and equity compensation.  The annual cash compensation program consists of the following elements:<p>Annual Board member retainer - $25,000</div><div align="left" style="text-indent:4%">Annual retainer for Chairman - $150,000</div><div align="left" style="text-indent:4%">Annual retainer for Lead Director - $25,000</div><div align="left" style="text-indent:4%">Annual retainer for Audit Committee Chairman - $15,000</div><div align="left" style="text-indent:4%">Annual retainer for Compensation Committee Chairman - $10,000</div><div align="left" style="text-indent:4%">Annual retainer for Corporate Governance and Nominating Committee Chairman - $5,000</div><div align="left" style="text-indent:4%">Board meeting fee - $1,500 </div><div align="left" style="text-indent:4%">Committee meeting fee - $1,500 <p>The annual equity compensation program provides for a stock option grant covering such number of shares of common stock as would have an approximate Black-Scholes fair value of $30,000 (based on the Black-Scholes fair value determined on the date prior to grant) and a stock unit (RSU) award grant covering such number of shares of common stock as would have a value (based on the fair market value of the common stock on the date prior to grant) of $30,000.  The options and RSUs will vest on the one year anniversary of the date of grant and are subject to acceleration in full upon a change in control of the Company (as set forth in the Plan).<p></div><div align="left" style="text-indent:4%">On February 6, 2008, the Board of Directors also approved equity awards (adjusted to cover an approximate 18 month period through June 2009) under the Company's 2007 Omnibus Equity Compensation Plan (the Plan) as follows:</div><div align="left" style="text-indent:4%">-  a stock option grant covering such number of shares of common stock as would have an approximate Black-Scholes fair value of $45,000 (based on the Black-Scholes fair value determined on the date prior to grant), at an exercise price equal to fair market value on the date of grant and vesting as follows: one-third of the shares vesting on June 6, 2008 and two-thirds of the shares vesting on June 5, 2009, subject to acceleration in full upon a change in control of the Company (as set forth in the Plan); and </div><div align="left" style="text-indent:4%">-  a RSU award grant covering such number of shares of common stock as would have a value (based on the fair market value of the common stock on the date prior to grant) of $45,000, vesting as follows: one-third of the shares vesting on June 6, 2008 and two-thirds of the shares vesting on June 5, 2009, subject to acceleration in full upon a change in control of the Company (as set forth in the Plan).<p>Mr. Lon Gorman, Chairman of the Board will not receive equity compensation for the period from February 6, 2008 to June 30, 2009 under the approved program due to the fact that he recently received a special option grant for his service as Chairman.</font>
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<b>Signature(s) </b></font>
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Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized. </font>
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	NYFIX, Inc.</font>
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	Date: February 07, 2008</font>
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	By:</font>
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	/s/&nbsp;&nbsp;&nbsp;&nbsp;Annemarie Tierney</font>
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	Annemarie Tierney</font>
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	<div><font Face="times New Roman" Size="2" Color="#000000">General Counsel and Corporate Secretary</font>
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{"company-data": {"conformed-name": "NYFIX INC", "cik": "0000099047", "assigned-sic": "7373", "irs-number": "061344888", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-21324", "film-number": "08584892"}, "business-address": {"street1": "100 WALL STREET", "street2": "26TH FLOOR", "city": "NEW YORK", "state": "NY", "zip": "10005", "phone": "212-809-3542"}, "mail-address": {"street1": "100 WALL STREET", "street2": "26TH FLOOR", "city": "NEW YORK", "state": "NY", "zip": "10005"}, "former-company": [{"former-conformed-name": "TRINITECH SYSTEMS INC", "date-changed": "19940404"}, {"former-conformed-name": "TRANS AIRE ELECTRONICS INC", "date-changed": "19910916"}]}
Prepared By R.R. Donnelley Financial -- Form 8-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
Current Report
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):  02/06/2008
NYFIX, Inc.
(Exact name of registrant as specified in its charter)
Commission File Number:  0-21324
Delaware
06-1344888
(State or other jurisdiction of
(IRS Employer
incorporation)
Identification No.)
100 Wall Street
New York, NY 10005
(Address of principal executive offices, including zip code)
(646) 525-3000
(Registrant's telephone number, including area code)
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[  ]  
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]  
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01.    Other Events
On February 6, 2008, the NYFIX, Inc. Board of Directors approved an annual non-employee director compensation program that provides for both cash and equity compensation.  The annual cash compensation program consists of the following elements:
Annual Board member retainer - $25,000
Annual retainer for Chairman - $150,000
Annual retainer for Lead Director - $25,000
Annual retainer for Audit Committee Chairman - $15,000
Annual retainer for Compensation Committee Chairman - $10,000
Annual retainer for Corporate Governance and Nominating Committee Chairman - $5,000
Board meeting fee - $1,500
Committee meeting fee - $1,500
The annual equity compensation program provides for a stock option grant covering such number of shares of common stock as would have an approximate Black-Scholes fair value of $30,000 (based on the Black-Scholes fair value determined on the date prior to grant) and a stock unit (RSU) award grant covering such number of shares of common stock as would have a value (based on the fair market value of the common stock on the date prior to grant) of $30,000.  The options and RSUs will vest on the one year anniversary of the date of grant and are subject to acceleration in full upon a change in control of the Company (as set forth in the Plan).
On February 6, 2008, the Board of Directors also approved equity awards (adjusted to cover an approximate 18 month period through June 2009) under the Company's 2007 Omnibus Equity Compensation Plan (the Plan) as follows:
-  a stock option grant covering such number of shares of common stock as would have an approximate Black-Scholes fair value of $45,000 (based on the Black-Scholes fair value determined on the date prior to grant), at an exercise price equal to fair market value on the date of grant and vesting as follows: one-third of the shares vesting on June 6, 2008 and two-thirds of the shares vesting on June 5, 2009, subject to acceleration in full upon a change in control of the Company (as set forth in the Plan); and
-  a RSU award grant covering such number of shares of common stock as would have a value (based on the fair market value of the common stock on the date prior to grant) of $45,000, vesting as follows: one-third of the shares vesting on June 6, 2008 and two-thirds of the shares vesting on June 5, 2009, subject to acceleration in full upon a change in control of the Company (as set forth in the Plan).
Mr. Lon Gorman, Chairman of the Board will not receive equity compensation for the period from February 6, 2008 to June 30, 2009 under the approved program due to the fact that he recently received a special option grant for his service as Chairman.
Signature(s)
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
NYFIX, Inc.
Date: February 07, 2008
By:
/s/    Annemarie Tierney
Annemarie Tierney
General Counsel and Corporate Secretary