Itiviti, Broadridge Financial Solutions’ provider of cross-asset solutions, has announced the integration of its NYFIX Matching post-trade solutions with the portfolio, order and investment management system from Broadridge.
NYFIX Matching allows clients direct access to its automated trade allocation, confirmation and affirmation capabilities. They 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.
Broadridge Investment Management Solutions supports buy-side clients throughout the trade lifecycle, enabling streamlined trade processing.
“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,” says Ray Tierney, president of Itiviti.
He adds: “Itiviti can deliver our automated NYFIX Matching solution for trade allocation, confirmation and affirmation to a greater number of clients, helping them save money and expedite trade matching.”
Itiviti’s solution is said to be the first of many product integrations between the two firms since Broadridge’s acquisition of Itiviti in May 2021.
