Broadridge Financial Solutions, Inc. has revealed it the acquisition of FIX-based post-trade solutions provider Alpha Omega.
Building on its recent acquisition of Itiviti, Broadridge will acquire the remaining 68% of Alpha Omega and fully consolidate its post-trade matching and consolidation solution into its existing NYFIX connectivity and FIX infrastructure. This will allow the fintech company to better automate buy-side and sell-side firms’ trade matching processes and further accelerates its product roadmap.
We are excited to formalize our four-year strategic partnership with Alpha Omega through this acquisition. 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.
Combining Alpha Omega’s FIXAffirm solution with Itiviti’s NYFIX network, NYFIX Matching provides a consolidated platform to handle the entire affirmation process with the speed and efficiencies of trading now applied to the post-trade piece of the workflow.
Buy-side institutions can use NYFIX Matching as a fully managed service through their existing NYFIX connection. This service allows the buy-side to allocate and match their trades, achieving same-day affirmation with over 100 brokers. This extension of the NYFIX service into post-trade will provide processing efficiencies with meaningful cost savings over current solutions.
Experienced writer and journalist, working in the global online trading sector, Steffy is the Editor of LeapRate. She has previous experience as a copywriter and has been with the company since January 2020. Steffy has a British and American Studies degree from St. Kliment Ochridski University in Sofia.
