Broadridge consolidates post-trade solutions following Itiviti and Alpha Omega acquisitions

Following the integration, clients now have direct access to Itiviti’s NYFIX Matching automated trade allocation, confirmation, and affirmation capabilities.

Broadridge has successfully integrated Itiviti’s post-trade solution into its portfolio, order, and investment management system to offer clients automation in their post-trade workflows.

The news comes as part of Broadridge’s ongoing integration of the post-trade solutions acquired through its respective Itiviti and Alpha Omega deals that took place earlier this year.

Through today’s integration, Broadridge clients will have direct access to Itiviti’s NYFIX Matching solution for automated trade allocation, confirmation, and affirmation, and will be able to consolidate matching of multiple asset classes on a single platform.

The FIX-based NYFIX Matching solution was developed by Itiviti and Alpha Omega and allows the buy-side to streamline post-trade workflows including the matching and repair of block allocations by the broker within their own internal systems.

After acquiring Alpha Omega in August, Broadridge said it planned to consolidate its post-trade matching solution into its existing NYFIX connectivity and FIX infrastructure acquired as part of its Itiviti acquisition to improve trade matching automation.

“Now, less than six months after being acquired by Broadridge, Itiviti can deliver our automated NYFIX Matching solution for trade allocation, confirmation, and affirmation to a far greater number of clients, helping them save money and expedite trade matching,” said Ray Tierney, who was appointed president of Itiviti in June from Bloomberg Tradebook.

“This integration is a testament to the full power of Broadridge’s capabilities, which can scale to support clients now and into the future.”

Since acquiring Itiviti earlier this year, Broadridge has continued to support its post-trade business segment expansion with new hires including a former Bank of America specialist who joined the company last month to head up the product management of its derivatives clearing business globally.