Broadridge Announces First-of-its-Kind AI-Powered Algorithm Insights Service

Rhea-AI Summary

Broadridge Financial Solutions (NYSE:BR) has launched a groundbreaking AI-powered algorithm insights service for NYFIX, aimed at transforming algorithmic trading. The service leverages real-time liquidity mapping to help asset managers and hedge funds achieve better trading accuracy and cost efficiency.

The first-of-its-kind solution utilizes advanced AI to analyze public and private data for understanding liquidity landscapes, particularly dark fill locations. It provides real-time alerts and in-trade analysis, enabling traders to make in-flight adjustments to optimize their trading strategies.

Developed based on research from Jeff Alexander and Linda Giordano of Babelfish Analytics, the service is currently available to NYFIX Order Routing customers in U.S. equities markets, with plans for expansion to other asset classes and regions.

Positive

• First-to-market AI-powered algorithm insights service for trading optimization
• Technology enables real-time trading adjustments and cost reduction
• Built on proven research and proprietary insights
• Planned expansion to additional asset classes and regions

Negative

• initial availability to only NYFIX Order Routing customers
• Currently restricted to U.S. equities market only

NEW YORK, Dec. 9, 2024 /PRNewswire/ -- To transform the landscape of algorithmic trading, global Fintech leader Broadridge Financial Solutions, Inc. (NYSE:BR), today announced the launch of an innovative AI-powered algorithm insights service for NYFIX. Driven by real-time liquidity mapping, the service is designed to empower asset managers, hedge funds, and other buy-side firms to achieve unprecedented accuracy, seamless workflow integration, and proven cost-efficiency.

"Algo traders will now have a quantitative, data-driven service to power critical trading decisions," said George Rosenberger, Head of NYFIX, Broadridge Trading and Connectivity Solutions. "By harnessing the power of AI and historical insights, we're giving our clients the tools they need to navigate complex markets with greater precision and confidence. This innovative solution not only optimizes trading strategies, but also reduces costs, making it an invaluable asset for the buy-side."

This is the first and only solution of its kind, using advanced AI to leverage public and private data to understand the liquidity landscape, particularly potential dark fill location. This approach identifies the ideal algorithmic execution for any given order, reducing outliers to improve overall trading costs. Traders benefit from real-time alerts and in-trade analysis, allowing for in-flight adjustments to stay aligned with their objectives, ensuring optimal strategy selection throughout the trading process.

The NYFIX service was developed based on decades of proven research from Jeff Alexander and Linda Giordano, whose pioneering work at Babelfish Analytics established the standard for understanding routing dynamics, analyzing venue liquidity, and optimizing algorithm selection. This collaboration brings together unique and proprietary trader-focused insights with the trusted and transformational technological capabilities and extensive distribution capacity of Broadridge, creating a powerful service to enhance the trader's ability to improve performance.

Available to NYFIX Order Routing customers in the U.S. equities market, the solution's framework is built to expand rapidly across other asset classes and regions, with future plans to extend access to clients on other Order Routing Networks.

About Broadridge

Broadridge Financial Solutions (NYSE: BR), is a global technology leader with the trusted expertise and transformative technology to help clients and the financial services industry operate, innovate, and grow. We power investing, governance, and communications for our clients – driving operational resiliency, elevating business performance, and transforming investor experiences. 

Our technology and operations platforms underpin the daily trading of more than $10 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 us, please visit www.broadridge.com. 

Broadridge Contacts:

Investors:

Edings Thibault
Head of Investor Relations, Broadridge
broadridgeir@broadridge.com 

Media:

Gregg Rosenberg
Global Head of Corporate Communications
Gregg.Rosenberg@broadridge.com 

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/broadridge-announces-first-of-its-kind-ai-powered-algorithm-insights-service-302326596.html

SOURCE Broadridge Financial Solutions, Inc.

FAQ

What is Broadridge's new AI-powered algorithm insights service for NYFIX?

It's a first-of-its-kind service that uses AI and real-time liquidity mapping to help traders optimize algorithmic trading decisions, offering improved accuracy and cost efficiency.

When will Broadridge (BR) launch its new algorithm insights service?

Broadridge announced the launch of the service on December 9, 2024.

Who can use Broadridge's new AI algorithm trading service?

The service is currently available to NYFIX Order Routing customers in the U.S. equities market, primarily serving asset managers, hedge funds, and other buy-side firms.

What markets does Broadridge's new algorithm service cover?

The service initially covers U.S. equities markets, with plans to expand across other asset classes and regions.