FIA Tech to use Broadridge’s COMS solution 05 September 2024US Reporter: Clelia Frondaroli
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FIA Tech is set to utilise Broadridge’s connectivity, onboarding, and monitoring service (COMS) solution to promote standardisation in the exchange traded derivatives (ETD) ecosystem.
The COMS solution will be used in conjunction with Broadridge’s NYFIX Order Routing Network, to provide clients with interoperability between networks.
The firms say that this solution will streamline onboarding for clients and brokers to the trade data network (TDN), and enhance operational efficiency.
Michael Torretta, head of strategic alliances at FIA Tech, states: “Connecting TDN with Broadridge’s widely used network for ETD is an example of our strategy to create value for our partners, their clients and increase interoperability to our network.”
General manager for NYFIX at Broadridge Trading and Connectivity Solutions, George Rosenberger, concludes: “We are thrilled to work with FIA Tech, a renowned name in the futures and options industry.”
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