NYFIX Matching is the first post-trade
matching tool with messaging functionality, enabling
compliance, greater transparency and streamlined resolution of
post-trade discrepancies
NEW
YORK, Feb. 4, 2025 /PRNewswire/ -- To streamline
communication between asset managers and their executing brokers,
Broadridge Financial Solutions Inc. (NYSE: BR), a global
Fintech leader, today announced a partnership with Symphony, the
communication and markets technology company, to integrate
messaging technology into the NYFIX Matching platform. This latest
innovation empowers asset managers to communicate directly with
brokers via Symphony's secure messaging platform, enabling
compliance, 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 $10 trillion of
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, 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
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.
