08.03.2021

Broadridge Acquires Post-Trade Solutions Provider

08.03.2021
Deutsche Borse-LSE Merger in Focus

Broadridge Financial Solutions, a global Fintech leader, announced that it has acquired Alpha Omega, a market-leading FIX-based post-trade solutions provider for the investment management industry. This acquisition builds on Broadridge’s recent acquisition of Itiviti. The acquisition, which encompasses the remaining 68% of Alpha Omega, will enable Broadridge to fully consolidate Alpha Omega’s post-trade matching and consolidation solution into its existing NYFIX connectivity and FIX infrastructure to better automate buy-side and sell-side firms’ trade matching processes and further accelerates Broadridge’s product roadmap.

“We are excited to formalize our four-year strategic partnership with Alpha Omega through this acquisition,” said Ray Tierney, President of Itiviti, a Broadridge business. “We are leading technology innovation in post-trade, and this acquisition is a testament to our continued growth and momentum in transforming this space. NYFIX Matching is the first ‘one-stop’ platform to handle all of a fund’s trade matching needs across various product types and asset classes.”

Alpha Omega brings invaluable expertise in advanced FIX-based technology for asset managers and broker/dealers in all areas covering automated allocation, confirmation and affirmation of trades for equities, fixed income securities, and derivatives.

NYFIX Matching, which combines Alpha Omega’s FIXAffirm solution with Itiviti’s NYFIX network, provides the market a single, consolidated platform to handle the entire affirmation process with the same speed and efficiencies of trading now applied to the post-trade piece of the workflow. Buy-side institutions can easily access NYFIX Matching through their existing NYFIX connections as a fully managed service. Through this service, the buy-side can allocate and match their trades, accomplishing same-day affirmation with a global community of more than 100 brokers. This extension of the NYFIX service into post-trade will deliver processing efficiencies with significant cost savings over current solutions.

Source: Broadridge

Related articles

  1. Deutsche Borse-LSE Merger in Focus

    Archax is the UK’s first regulated digital securities exchange.

  2. From The Markets

    TD Acquires Cowen

    Jeffrey Solomon, chair & CEO of Cowen will lead TD Cowen, a division of TD Securities.

  3. Urgentem provides emissions data, analytics and tools for over 30,000 public and private securities.

  4. Firm is building investment banking and capital markets and reducing its merchant banking portfolio.

  5. Deutsche Borse-LSE Merger in Focus

    Schroders has bought a stake in asset manager Forteus, part of digital asset investment firm Numeus Group.