NEW YORK, Nov. 11, 2021
/PRNewswire/ -- Broadridge Financial Solutions,
Inc. (NYSE: BR), today announced that its NYFIX Order
Routing Network from Itiviti was named "Best Low Latency Trading
Network" for the second consecutive year at the Waters
Technology's Buy-Side Technology (BST) Awards 2021. This
win marks the fifth time in the past six years NYFIX from Itiviti
has taken home a prestigious BST award.
"We are honored to win another award from the
WatersTechnology community, a judging panel comprised of industry
experts from across the market," said Ray
Tierney, President of Itiviti, a Broadridge business.
"This year, we have redoubled our efforts to support NYFIX to
further increase the reliability of the trading infrastructure.
With Broadridge's backing, we are best positioned to serve our
clients' entire trade life cycle and further accelerate our plans
that contribute to the continued electronification of the capital
markets."
The highly regarded Buy-Side Technology Awards are designed
to acknowledge excellence in trading technology developed
specifically for use by buy-side firms, designed to allow them to
operate more efficiently, more transparently and more
judiciously.
"The NYFIX Order Routing Network from Itiviti has long been an
essential and trusted component of the global trading
infrastructure," said Victor
Anderson, Global Content Director at WatersTechnology.
"Itiviti's continued investment in innovation in NYFIX and its
entire suite of trading solutions keeps them ahead of the game in
delivering excellence and reliability to customers across asset
classes and around the world."
Delivered as a managed service, NYFIX is one of the industry's
largest, most stable and flexible order routing networks,
connecting more than 1,800 buy-side and sell-side participants and
routing 35 million+ messages daily. In 2021, as FIX adoption
expanded to additional asset classes, NYFIX further extended its
already robust asset-class coverage, adding crypto, ETDs and fixed
income. Additionally, Itiviti improved its onboarding process with
the addition of an onboarding app through the NYFIX Portal,
enabling users to easily connect and enable custom configuration of
their NYFIX Matching service for post-trade processing.
Itiviti also dynamically increased the scale of its
comprehensive NYFIX infrastructure in 2021 through the completion
of its massive cloud transformation project, which provides an
efficient and secure option for clients to extend their
businesses' across the globe. The transformation is especially
beneficial to network users and NYFIX Matching customers, with the
accelerated adoption of FIX for post-trade activity.
About Broadridge
Broadridge Financial Solutions (NYSE: BR), a global Fintech
leader with $5 billion in revenues,
provides the critical infrastructure that powers investing,
corporate governance, and communications to enable better financial
lives. We deliver technology-driven solutions that drive business
transformation for banks, broker-dealers, asset and wealth managers
and public companies. Broadridge's infrastructure serves as a
global communications hub enabling corporate governance by linking
thousands of public companies and mutual funds to tens of millions
of individual and institutional investors around the world. Our
technology and operations platforms underpin the daily trading of
more than $9 trillion of equities,
fixed income and other securities globally. A certified Great Place
to Work®, Broadridge is part of the S&P
500® Index, employing over 13,000 associates in 21
countries. For more information about us, please visit
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 cost savings for clients. Itiviti was
acquired by Broadridge 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.
Media:
Tina Wadhwa
Corporate Communications, Broadridge
+1 212-973-6164
Tina.wadhwa@broadridge.com
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SOURCE Broadridge Financial Solutions, Inc.