Broadridge has expanded its order routing and post-trade platform, NYFIX, enabling client access to overnight US equity liquidity through integrations with CAPIS and Blue Ocean.
George Rosenberger
The extension leverages CAPIS’ high-touch trading capabilities and Blue Ocean’s overnight market access, to allow NYFIX clients to execute trades overnight, and support activity such as portfolio rebalancing, exposure adjustments and event-driven trading.
In addition, the new offering boosts Broadridge’s current trading and connectivity capabilities and also expands its broker-dealer and institutional client access to extended hours liquidity spanning more than 4,000 NMS securities.
George Rosenberger, general manager of NYFIX, Broadridge trading and connectivity solutions, said: “This partnership exemplifies Broadridge’s commitment to delivering greater value to clients by enabling interoperability across the buy-side, sell-side, and both traditional and non-traditional liquidity pools, while enhancing workflow efficiency and creating a more seamless client experience.”
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The expansion specifically connects clients to Blue Ocean’s alternative trading system (ATS) and is expected to allow clients to respond more quickly to global events and act quickly on opportunities, such as reacting to earnings releases, macroeconomic developments and international market-moving news in real time.
“At CAPIS, we always encourage our traders to seek out the best execution venues and tools to simplify post-trade processes and enhance operational resiliency,” said Mark Viani, director, institutional sales business development at CAPIS.
“This partnership is another example of this and highlights the growing trend of financial firms focusing on their core business by leveraging external connectivity solutions.”
The enhancement is the latest development for Broadridge in the last few months, and follows news earlier this month that the firm had expanded its tokenisation capabilities to allow institutional firms to operate across both tokenised and traditional securities within a single integrated infrastructure.
The update builds on Broadridge’s Digital Ledger Repo platform and extends its existing multi-asset infrastructure across order, execution and post-trade workflows.