NEW
YORK, Sept. 15, 2022 /PRNewswire/ -- Bringing
liquidity and greater access to crypto trading, global Fintech
leader, Broadridge Financial Solutions, Inc. (NYSE: BR), has
announced a partnership with Coinbase, offering interoperability
between Coinbase Prime and Broadridge Trading and Connectivity
Solutions' NYFIX order-routing network.
"Despite short-term cycles, momentum in institutional adoption
is trending one way – toward more exploration and more interest,"
said Greg Tusar, Vice President of
Institutional Products at Coinbase. "Utilizing the NYFIX
order-routing network, this partnership puts deep, multi-venue
crypto liquidity on more buy-side traders' desks, lowering barriers
for participation in this growing asset class."
Coinbase Prime is a comprehensive solution that
provides an advanced trading platform, secure custody and
prime services to manage crypto assets in one place. Coinbase Prime
not only offers aggregated access to the majority of the market's
crypto liquidity via a market-leading smart order router, but
also provides full prime brokerage capabilities to the
buy-side.
This integrated solution allows NYFIX clients to route order
flow to Coinbase Prime via FIX, an industry standard protocol. It
also allows buy-side traders to source crypto liquidity from
Coinbase and trade right from their OMS. The solution is now
offered to US domestic clients and will roll out to additional
regions as regulations allow.
"Institutions are increasingly interested in the crypto space
but trading assets has remained a challenge because messaging is
only available through proprietary API interfaces," said
Ray Tierney, President of Broadridge
Trading and Connectivity Solutions. "Now, through Coinbase's deep
access to liquidity and NYFIX's extensive market reach, we can
integrate more than two thousand clients to bring crypto trading to
the institutional market."
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 U.S. $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 14,000 associates in 21 countries.
For more information about Broadridge, please visit
www.broadridge.com
About Coinbase
Coinbase is building the cryptoeconomy – a more fair,
accessible, efficient, and transparent financial system enabled by
crypto. The company started in 2012 with the radical idea that
anyone, anywhere, should be able to easily and securely send and
receive Bitcoin. Today, Coinbase offers a trusted and easy-to-use
platform for accessing the broader
cryptoeconomy.
Investors:
W. Edings Thibault
Head of Investor Relations
+1 516-472-5129
edings.thibault@broadridge.com
Media:
Gregg Rosenberg
Global Head of Corporate Communications
+1 212 918 6966
gregg.rosenberg@broadridge.com
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SOURCE Broadridge Financial Solutions, Inc.