Broadridge Financial Solutions announced a partnership with Symphony to integrate messaging technology into the NYFIX Matching platform for asset managers to communicate directly with brokers. This can be expected to boost 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 George Rosenberger, head of NYFIX at Broadridge Trading and Connectivity Solutions, in a statement. “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 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, in a statement. “Through this collaboration, we are able to accelerate trade flows and improve real-time transactional accuracy for Broadridge’s clients.”