Broadridge Financial Solutions Acquires Alpha Omega

The financial technology firm recently completed its acquisition of Itiviti.

Broadridge Financial Solutions, a leading global financial technology company, announced today that it has acquired Alpha Omega, a market-leading FIX-based post-trade solutions provider for the investment management industry.

The press release shared with Finance Magnates states that the latest acquisition will allow Broadridge to fully consolidate Alpha Omega’s post-trade matching and consolidation solution into its existing NYFIX connectivity and FIX infrastructure.

The financial technology provider mentioned that the recent acquisition will accelerate the company’s product roadmap. In May 2021, Broadridge completed the acquisition of the trading and connectivity technology provider, Itiviti.

Broadridge is one of the most prominent international financial technology firms. The company provides technology-driven solutions to different financial firms, including leading banks, wealth management companies and financial brokers.

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Commenting on the latest announcement, Ray Tierney, President of Itiviti, a Broadridge business, said: “We are excited to formalize our four-year strategic partnership with Alpha Omega through this acquisition. We are leading technology innovation in post-trade, and this acquisition is a testament to our continued growth and momentum in transforming this space. NYFIX Matching is the first ‘one-stop’ platform to handle all of a fund’s trade matching needs across various product types and asset classes.”

In July 2021, Broadridge Financial Solutions partnered with OpenFin to offer an expanded digital workspace for portfolio managers and traders.

NYFIX Matching

Broadridge highlighted the extremely useful expertise of Alpha Omega in advanced FIX-based technology for asset managers and broker/dealers. “NYFIX Matching, which combines Alpha Omega’s FIXAffirm solution with Itiviti’s NYFIX network, provides the market a single, consolidated platform to handle the entire affirmation process with the same speed and efficiencies of trading now applied to the post-trade piece of the workflow. Buy-side institutions can easily access NYFIX Matching through their existing NYFIX connections as a fully managed service. Through this service, the buy-side can allocate and match their trades, accomplishing same-day affirmation with a global community of more than 100 brokers,” Broadridge added.

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