Broadridge Financial Solutions announced the launch of an artificial intelligence (AI)-powered algorithm insights service for NYFIX. Driven by real-time liquidity mapping, the service is designed to empower asset managers, hedge funds, and other buy-side firms to achieve unprecedented accuracy, seamless workflow integration, and proven cost-efficiency.
“Algo traders will now have a quantitative, data-driven service to power critical trading decisions” said George Rosenberger, head of NYFIX at Broadridge Trading and Connectivity Solutions, in a statement. “By harnessing the power of AI and historical insights, we’re giving our clients the tools they need to navigate complex markets with greater precision and confidence. This innovative solution not only optimizes trading strategies, but also reduces costs, making it an invaluable asset for the buy-side.”
The solution uses advanced AI to leverage public and private data to understand the liquidity landscape, particularly potential dark fill location. This approach identifies the ideal algorithmic execution for any given order, reducing outliers to improve overall trading costs. Traders benefit from real-time alerts and in-trade analysis, allowing for in-flight adjustments to stay aligned with their objectives, ensuring optimal strategy selection throughout the trading process.
Available to NYFIX Order Routing customers in the US equities market, the solution’s framework is built to expand rapidly across other asset classes and regions, with future plans to extend access to clients on other Order Routing Networks.