Broadridge’s NYFIX Matching solution integrates with Linedata’s OMS
“Post-trade processing is still highly manual and prone to errors, however with NYFIX, Broadridge is able to provide the buy-side with a streamlined post-trade workflow. Our partnership with Linedata represents our mutual commitment to offering an optimized post-trade matching service to the widest client base.”
Broadridge has expanded its partnership with Linedata, the global provider of asset management and credit technology data and services, in order to better automate the middle and back-office functions around trade matching.
As part of the new agreement, Broadridge’s NYFIX Matching solution will be integrated directly with Linedata’s Order Management System (OMS) powered by its Asset Management Platform (AMP).
Linedata clients get enhanced post-trade matching and cost efficiencies
The integration will allow Linedata Longview OMS clients to benefit from Broadridge’s NYFIX Matching solution, enhancing Linedata’s post-trade matching capabilities.
It also offers mutual clients an alternative to other trade lifecycle processors. Linedata clients and corresponding brokers gain cost efficiencies with this straightforward yet robust workflow solution.
George Rosenberger, General Manager of NYFIX, Broadridge, said: “Post-trade processing is still highly manual and prone to errors, however with NYFIX, Broadridge is able to provide the buy-side with a streamlined post-trade workflow. Our partnership with Linedata represents our mutual commitment to offering an optimized post-trade matching service to the widest client base.”
Bob Moitoso, Head of Asset Management, North America at Linedata, said: “In today’s volatile market environment, Linedata remains laser-focused on driving value and efficiency into our customers’ workflows. Broadridge is proving to be a key partner for us in our commitment to providing flexible, innovative OMS capabilities and expanding choice for our customers.”
Broadridge launched new STP solution
Earlier this week, Broadridge launched a new straight-through processing (STP) solution that increases efficiency, better trading decisions and client insights, improved controls, and reduced risk, the fintech giant announced.
The new solution is built with a standard foundational integration solution across its front, middle, and back-office capabilities for trade processing, which leverages an enterprise integration layer and common data model that can be used across the Broadridge product portfolio as well as with third party applications.
Clients of Broadridge Trading and Connectivity Solutions will benefit from greater agility and faster time to market, improved scalability, and reduced fragmentation of interfaces and tech costs, according to the firm. The launch of the new product comes in the face of a challenging environment for capital markets firms, with economic and geopolitical uncertainty, as well as regulatory pressures that shift towards shortened settlement cycles.
Firms are being forced to focus on simplification and innovation across the trade lifecycle to reduce risk and cost of change while enabling greater business agility. This is where Broadridge’s integrated front, middle, and back offering comes in, designed to help firm with its features such as a common data model, normalized data sources, business insights for the front-office using post-trade data, integrated reporting, global, multi-asset middle office and a single point of trade capture and management.
