Broadridge Acquires Innovative Post-Trade Solutions Business
Broadridge Financial Solutions (NYSE: BR) announced the acquisition of Alpha Omega, a leading FIX-based post-trade solutions provider, enhancing its NYFIX connectivity. This strategic acquisition consolidates Alpha Omega's solutions to better automate trade matching processes for buy-side and sell-side firms. Broadridge aims to transform post-trade technology, allowing same-day trade affirmation through NYFIX Matching, which connects over 100 brokers. With revenues exceeding $4.5 billion, Broadridge continues to innovate in the financial technology sector.
- Acquisition of Alpha Omega enhances Broadridge's product offerings and market presence.
- Integration of NYFIX Matching streamlines trade processes, improving efficiency and reducing costs for clients.
- The deal strengthens Broadridge's technological edge in post-trade solutions.
- None.
NEW YORK, August 2, 2021 /PRNewswire/ -- Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader, today 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
"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.
About Broadridge
Broadridge Financial Solutions (NYSE: BR), a global Fintech leader with over
For more information about us and what we can do for you, please visit www.broadridge.com.
Investors:
W. Edings Thibault
Head of Investor Relations, Broadridge
+1 516-472-5129
Edings.Thibault@Broadridge.com
Media:
Tina Wadhwa
Corporate Communications, Broadridge
+1 212-973-6164
Tina.wadhwa@broadridge.com
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SOURCE Broadridge Financial Solutions, Inc.
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