Broadridge Enhances NYFIX Matching Solution with Symphony Messaging
Broadridge Financial Solutions (NYSE: BR) has announced a partnership with Symphony to integrate messaging technology into its NYFIX Matching platform. The integration makes NYFIX Matching the first post-trade matching tool in the industry to offer integrated messaging capabilities.
The enhancement enables asset managers to communicate directly with brokers through Symphony's secure messaging platform, facilitating faster resolution of post-trade discrepancies and improving operational efficiency. The functionality is now available for NYFIX customers and addresses a critical market gap by responding to client demands for more direct and faster communication with brokers.
The integration aims to enhance compliance, transparency, and streamlined resolution of post-trade discrepancies while supporting the financial industry's movement towards workflow digitization.
Broadridge Financial Solutions (NYSE: BR) ha annunciato una partnership con Symphony per integrare la tecnologia di messaggistica nella sua piattaforma NYFIX Matching. L'integrazione rende NYFIX Matching il primo strumento di matching post-trade nel settore a offrire capacità di messaggistica integrate.
Questo miglioramento consente ai gestori patrimoniali di comunicare direttamente con i broker attraverso la piattaforma di messaggistica sicura di Symphony, facilitando una risoluzione più rapida delle discrepanze post-trade e migliorando l'efficienza operativa. La funzionalità è ora disponibile per i clienti di NYFIX e risponde a una critica domanda di mercato per una comunicazione più diretta e veloce con i broker.
L'integrazione mira a migliorare la compliance, la trasparenza e a semplificare la risoluzione delle discrepanze post-trade, sostenendo al contempo il movimento dell'industria finanziaria verso la digitalizzazione dei flussi di lavoro.
Broadridge Financial Solutions (NYSE: BR) ha anunciado una asociación con Symphony para integrar la tecnología de mensajería en su plataforma NYFIX Matching. La integración convierte a NYFIX Matching en la primera herramienta de conciliación post-negociación en la industria en ofrecer capacidades de mensajería integradas.
Esta mejora permite a los gestores de activos comunicarse directamente con los brókers a través de la plataforma de mensajería segura de Symphony, facilitando una resolución más rápida de las discrepancias post-negociación y mejorando la eficiencia operativa. La funcionalidad ya está disponible para los clientes de NYFIX y aborda una importante brecha del mercado al responder a la demanda de los clientes de una comunicación más directa y rápida con los brókers.
La integración tiene como objetivo mejorar el cumplimiento, la transparencia y la resolución simplificada de discrepancias post-negociación, al tiempo que apoya el movimiento de la industria financiera hacia la digitalización de los flujos de trabajo.
브로드리지 금융 솔루션 (NYSE: BR)은 NYFIX Matching 플랫폼에 메시징 기술을 통합하기 위해 Symphony와 파트너십을 발표했습니다. 이번 통합으로 NYFIX Matching은 업계에서 최초의 거래 후 매칭 도구가 되어 통합 메시징 기능을 제공합니다.
이 기능 개선은 자산 관리자들이 Symphony의 안전한 메시징 플랫폼을 통해 브로커와 직접 소통할 수 있게 하여 거래 후 불일치의 신속한 해결을 촉진하고 운영 효율성을 향상시킵니다. 이 기능은 이제 NYFIX 고객에게 제공되며, 브로커와의 보다 직접적이고 신속한 소통에 대한 고객의 요구를 충족시키는 중요한 시장 공백을 해결합니다.
이번 통합은 준수, 투명성 및 거래 후 불일치의 간소화된 해결을 향상시키는 것을 목표로 하며, 금융 산업의 워크플로우 디지털화를 지원합니다.
Broadridge Financial Solutions (NYSE: BR) a annoncé un partenariat avec Symphony pour intégrer la technologie de messagerie dans sa plateforme NYFIX Matching. Cette intégration fait de NYFIX Matching le premier outil de correspondance post-négociation de l'industrie à offrir des capacités de messagerie intégrées.
L'amélioration permet aux gestionnaires d'actifs de communiquer directement avec les courtiers via la plateforme de messagerie sécurisée de Symphony, facilitant ainsi une résolution plus rapide des écarts post-négociation et améliorant l'efficacité opérationnelle. La fonctionnalité est désormais disponible pour les clients de NYFIX et répond à une lacune critique du marché en répondant à la demande des clients d'une communication plus directe et plus rapide avec les courtiers.
L'intégration vise à améliorer la conformité, la transparence et à simplifier la résolution des écarts post-négociation tout en soutenant le mouvement de l'industrie financière vers la numérisation des flux de travail.
Broadridge Financial Solutions (NYSE: BR) hat eine Partnerschaft mit Symphony angekündigt, um Messaging-Technologie in seine NYFIX Matching-Plattform zu integrieren. Die Integration macht NYFIX Matching zum ersten Nachhandels-Abstimmungstool in der Branche, das integrierte Messaging-Funktionen anbietet.
Diese Verbesserung ermöglicht es Vermögensverwaltern, direkt über die sichere Messaging-Plattform von Symphony mit Brokern zu kommunizieren, was eine schnellere Lösung von nachträglichen Unstimmigkeiten und eine Verbesserung der betrieblichen Effizienz fördert. Die Funktionalität ist nun für NYFIX-Kunden verfügbar und adressiert eine kritische Marktlücke, indem sie den Anforderungen der Kunden nach direkterer und schnellerer Kommunikation mit Brokern gerecht wird.
Die Integration zielt darauf ab, Compliance, Transparenz und eine reibungslosere Lösung von nachträglichen Unstimmigkeiten zu verbessern und unterstützt gleichzeitig die Bewegung der Finanzbranche in Richtung Digitalisierung von Arbeitsabläufen.
- First-mover advantage in post-trade matching tools with integrated messaging
- Enhanced operational efficiency through faster resolution of trade discrepancies
- Strategic partnership with Symphony strengthens market position
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Insights
Broadridge's strategic integration of Symphony messaging into NYFIX Matching marks a pivotal advancement in post-trade technology that strengthens the company's competitive moat in several ways. As the first post-trade matching tool with integrated messaging capabilities, this innovation gives Broadridge a significant first-mover advantage in the
The enhancement addresses three critical pain points in post-trade operations: 1) Communication fragmentation between parties, 2) Compliance documentation requirements and 3) Settlement efficiency. By enabling direct, auditable messaging within the matching platform, this solution could reduce post-trade resolution times by an estimated
This development aligns perfectly with the industry's push toward T+1 settlement cycles, where rapid error resolution becomes crucial. The integration positions Broadridge advantageously against competitors like FIS and Fiserv, potentially driving increased market share in the post-trade solutions space.
The partnership with Symphony, which serves over 1,000 financial institutions, creates a powerful network effect that could accelerate adoption. This should strengthen Broadridge's recurring revenue streams and client retention rates, as the integrated solution increases switching costs for users.
NYFIX Matching is the first post-trade matching tool with messaging functionality, enabling
compliance, greater transparency and streamlined resolution of post-trade discrepancies
"By integrating Symphony's messaging functionality, we are enabling clients to resolve post-trade inaccuracies faster and with greater ease, ultimately enhancing operational efficiency," said Georger Rosenberger, Head of NYFIX, Broadridge Trading and Connectivity Solutions. "This is the latest example of simplifying the client experience with innovative solutions to meet their evolving needs and help them better operate, innovate and grow."
As the first post-trade matching tool in the industry to offer integrated messaging capabilities, NYFIX Matching addresses a critical gap in the market. The introduction of messaging functionality responds directly to client feedback, who expressed a desire for faster and more direct communication with brokers. This functionality is now available for NYFIX customers.
"As the financial industry advances towards workflow digitization, it has become increasingly reliant on modern, secure, and interoperable collaboration tools to mitigate risks and increase efficiencies," said Brad Levy, CEO of Symphony. "Through this collaboration, we are able to accelerate trade flows and improve real-time transactional accuracy for Broadridge's clients."
For more information about Broadridge's NYFIX Matching solution, please see here.
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 process and generate over 7 billion communications per year and underpin the daily trading of more than
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
About Symphony
Symphony is a communication and markets technology company powered by interconnected platforms: messaging, voice, directory and analytics. Our modular technology – built for global finance – enables over 1,000 institutions to ensure data security, navigate complex regulatory compliance and optimize business interactions.
Symphony Contact
Oliver Clarke
Communications Associate
+1 (203) 343 9853 / oliver.clarke@symphony.com
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SOURCE Broadridge Financial Solutions, Inc.
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