FIA Tech Leverages Broadridge's COMS and NYFIX Network to Expand its TDN Capabilities
FIA Tech, a leading futures industry technology provider, has announced a partnership with Broadridge Financial Solutions (NYSE:BR) to enhance its Trade Data Network (TDN) capabilities. The collaboration will leverage Broadridge's COMS solution and NYFIX Order Routing Network to provide interoperability across networks and promote standardization in exchange traded derivatives (ETD).
This partnership aims to streamline onboarding for brokers and clients to TDN, enhancing operational efficiency and transparency. Clients joining TDN will benefit from faster onboarding of counterparties and streamlined processing through Broadridge's extensive network. The collaboration highlights the growing trend of financial firms outsourcing critical infrastructure to focus on their core business.
FIA Tech, un fornitore leader di tecnologia per l'industria dei futures, ha annunciato una partnership con Broadridge Financial Solutions (NYSE:BR) per migliorare le capacità della sua Rete di Dati Commerciali (TDN). La collaborazione sfrutterà la soluzione COMS di Broadridge e la Rete di Routing Ordini NYFIX per fornire interoperabilità tra reti e promuovere la standardizzazione nei derivati negoziati in borsa (ETD).
Questa partnership mira a semplificare l'onboarding per broker e clienti verso la TDN, aumentando l'efficienza operativa e la trasparenza. I clienti che si uniscono alla TDN beneficeranno di un onboarding più rapido dei controparti e di un'elaborazione semplificata attraverso la vasta rete di Broadridge. La collaborazione sottolinea la crescente tendenza delle aziende finanziarie a esternalizzare infrastrutture critiche per concentrarsi sul proprio core business.
FIA Tech, un proveedor líder de tecnología para la industria de futuros, ha anunciado una colaboración con Broadridge Financial Solutions (NYSE:BR) para mejorar las capacidades de su Red de Datos de Comercio (TDN). La colaboración aprovechará la solución COMS de Broadridge y la Red de Enrutamiento de Órdenes NYFIX para proporcionar interoperabilidad entre redes y promover la estandarización en los derivados negociados en bolsa (ETD).
Esta asociación tiene como objetivo agilizar el onboarding para brokers y clientes a la TDN, mejorando la eficiencia operativa y la transparencia. Los clientes que se unan a la TDN se beneficiarán de un onboarding más rápido de contrapartes y de un procesamiento simplificado a través de la extensa red de Broadridge. La colaboración destaca la creciente tendencia de las empresas financieras a externalizar infraestructura crítica para centrarse en su negocio principal.
FIA Tech은 선물 산업의 주요 기술 제공업체로서 Broadridge Financial Solutions (NYSE:BR)와 파트너십을 체결하여 거래 데이터 네트워크(TDN) 기능을 향상시킨다고 발표했습니다. 이 협력은 Broadridge의 COMS 솔루션과 NYFIX 주문 라우팅 네트워크를 활용하여 네트워크 간의 상호 운용성을 제공하고 거래소에서 거래되는 파생상품의 표준화를 촉진합니다.
이 파트너십의 목표는 TDN에 대한 브로커와 클라이언트의 온보딩을 간소화하여 운영 효율성과 투명성을 향상시키는 것입니다. TDN에 가입하는 클라이언트는 대응 거래 상대방의 더 빠른 온보딩과 Broadridge의 광범위한 네트워크를 통한 간편한 처리를 통해 혜택을 받을 수 있습니다. 이 협력은 금융사가 핵심 비즈니스에 집중하기 위해 중요한 인프라를 아웃소싱하는 경향이 증가하고 있음을 강조합니다.
FIA Tech, un fournisseur de technologie de premier plan pour l'industrie des futures, a annoncé un partenariat avec Broadridge Financial Solutions (NYSE:BR) pour améliorer les capacités de son Réseau de Données de Transaction (TDN). La collaboration tirera parti de la solution COMS de Broadridge et du Réseau de Routage d'Ordres NYFIX pour offrir une interopérabilité entre les réseaux et promouvoir la normalisation des dérivés négociés en bourse (ETD).
Ce partenariat vise à simplifier l'intégration pour les courtiers et les clients au TDN, améliorant ainsi l'efficacité opérationnelle et la transparence. Les clients rejoignant le TDN bénéficieront d'une intégration plus rapide des contreparties et d'un traitement simplifié grâce au vaste réseau de Broadridge. Cette collaboration met en lumière la tendance croissante des entreprises financières à externaliser des infrastructures critiques pour se concentrer sur leur cœur de métier.
FIA Tech, ein führender Technologieanbieter für die Futures-Industrie, hat eine Partnerschaft mit Broadridge Financial Solutions (NYSE:BR) angekündigt, um die Funktionen seines Trade Data Network (TDN) zu verbessern. Die Zusammenarbeit wird die COMS-Lösung von Broadridge und das NYFIX Order Routing Network nutzen, um Interoperabilität zwischen Netzwerken zu gewährleisten und die Standardisierung im Handel mit börsennotierten Derivaten (ETD) zu fördern.
Diese Partnerschaft zielt darauf ab, das Onboarding für Broker und Kunden für TDN zu vereinfachen, wodurch die betriebliche Effizienz und Transparenz gesteigert werden. Kunden, die dem TDN beitreten, profitieren von einem schnelleren Onboarding der Gegenparteien und einem vereinfachten Prozess über das umfangreiche Netzwerk von Broadridge. Die Zusammenarbeit unterstreicht den wachsenden Trend der Finanzunternehmen, kritische Infrastrukturen auszulagern, um sich auf ihr Kerngeschäft zu konzentrieren.
- Partnership with Broadridge Financial Solutions to enhance TDN capabilities
- Improved interoperability across networks in the ETD space
- Streamlined onboarding process for brokers and clients
- Faster connectivity and counterparty onboarding for TDN clients
- Access to Broadridge's extensive network of broker counterparties
- None.
Providing interoperability across networks, promoting standardization in Exchange Traded Derivatives and enabling clients with faster connectivity capabilities
Broadridge and FIA will streamline onboarding for brokers and clients to the Trade Data Network (TDN) enhancing operational efficiency and transparency. Clients joining TDN will benefit from faster onboarding of counterparties and streamlined processing with Broadridge's vast network of broker counterparties and robust NYFIX Order Routing Network.
"TDN is focused on improving the ETD market structure, simplifying post-trade and enhancing operational resiliency," said Michael Torretta, Head of Strategic Alliances at FIA Tech. "Connecting TDN with Broadridge's widely used network for ETD is an example of our strategy to create value for our partners, their clients and increase interoperability to our network."
"We are thrilled to work with FIA Tech, a renowned name in the futures and options industry," said George Rosenberger, General Manager for NYFIX at Broadridge Trading and Connectivity Solutions. "Broadridge's COMS and NYFIX offerings will move the industry forward."
In an industry where FIX connectivity has become commoditized, outsourcing this critical infrastructure is becoming increasingly beneficial. This partnership highlights the growing trend of financial firms focusing on their core business by leveraging external connectivity solutions.
About FIA Tech
FIA Tech is a leading technology provider to the exchange traded derivatives industry. Owned by a consortium of twelve leading clearing firms and the Futures Industry Association (FIA), FIA Tech is committed to serving the industry and launching innovative solutions to improve market infrastructure across the listed and cleared derivatives industry. FIA Tech works in close partnership with the broader industry, including exchanges, clearinghouses, clearing firms and other intermediaries, as well as independent software vendors, buyside firms and end users to bring efficiency to the exchange traded and cleared derivatives industry.
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
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
FIA Tech contacts:
Media
Candice Adam
Head of Marketing and Communications
cadam@fia-tech.com
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SOURCE Broadridge Financial Solutions, Inc.
FAQ
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