NEW YORK, Oct. 6, 2021
/PRNewswire/ -- Itiviti, Broadridge Financial Solutions,
Inc.'s (NYSE: BR) provider of flexible, cross-asset trading
solutions covering the full trade lifecycle, announced the
integration of its NYFIX Matching solution with the portfolio,
order and investment management system from Broadridge.
"The post-trade space has historically been defined by manual
processes, but given shrinking technology budgets, many firms have
been unable to address these challenges," said Ray Tierney, President of Itiviti, a Broadridge
business. "Now, less than six months after being acquired by
Broadridge, Itiviti can deliver our automated NYFIX Matching
solution for trade allocation, confirmation and affirmation to a
far greater number of clients, helping them save money and expedite
trade matching. This integration is a testament to the full power
of Broadridge's capabilities, which can scale to support clients
now and into the future."
The new solution will empower Broadridge's client base with
direct access to NYFIX Matching's automated trade allocation,
confirmation and affirmation capabilities. Clients will gain the
ability to consolidate matching of multiple asset classes on a
single platform and match trade details at a granular level,
delivering efficiency and cost benefits. NYFIX Matching's FIX-based
affirmation occurs in near real time, seamlessly catching errors,
minimizing costly trade breaks, and supporting accelerated
settlement cycles. As with most Itiviti products, this solution is
multi-asset, global and fully hosted and offers a modern user
interface. This is the first of many product integrations between
Itiviti and Broadridge and serves as a compelling example of the
strong synergies between the two.
Broadridge Investment Management Solutions supports buy-side
clients through every step of the trade lifecycle, enabling
streamlined trade processing at a scale befitting a global fintech
leader with over $5 billion in
revenues.
To learn more about the benefits of FIX based post-trade
processing solution, download the E-book here.
About Broadridge
Broadridge Financial Solutions, Inc. (NYSE: BR), a $5
billion global Fintech leader, is a leading provider of
investor communications and technology-driven solutions to banks,
broker-dealers, asset and wealth managers and corporate issuers.
Broadridge's infrastructure underpins proxy voting services for
over 50 percent of public companies and mutual funds globally, and
processes on average more than U.S. $9 trillion in fixed income and equity
securities trades per day. Broadridge is part of the S&P 500®
Index and employs over 13,000 associates in 21 countries.
For more information about Broadridge, please
visit www.broadridge.com.
About Itiviti, a Broadridge Business
Itiviti provides nearly 2,000 financial institutions worldwide
with flexible, cross-asset trading solutions that cover the full
trade lifecycle. Through its commitment to technology innovation,
relentless pursuit of workflow efficiency and an entrepreneurial
culture, Itiviti is disrupting the industry with highly scalable
solutions that deliver unprecedented cost savings for clients.
Itiviti was acquired by Broadridge Financial Solutions, Inc. (NYSE:
BR), a global Fintech leader and part of the S&P 500® Index, in
May 2021.
For more information, please visit www.itiviti.com.
Follow Itiviti on social media on Twitter @Itiviti_AB, on
Facebook @ItivitiAB, and on LinkedIn.
Contacts:
Investors:
Edings Thibault
Head of Investor Relations, Broadridge
+1 516-472-5129
Edings.Thibault@Broadridge.com
Media:
Tina Wadhwa
Corporate Communications, Broadridge
+1 212-973-6164
Tina.wadhwa@broadridge.com
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SOURCE Broadridge Financial Solutions, Inc.