Broadridge has expanded its partnership with Linedata in an effort to further automate middle and back-office functions for trade matching.
Through the expanded partnership, Broadridge’s NYFIX Matching solution will be directly integrated with Linedata’s order management system (OMS), powered by its asset management platform (AMP).
As part of the mandate, Linedata Longview OMS clients will be able to utilise Broadridge’s NYFIX matching solution to enhance their post-trade matching capabilities.
The news comes in the same week that Broadridge released a trading solution designed to enhance STP rates and efficiency across the trade lifecycle, while enhancing pre-trade information and clients’ ability to make better trading decisions.
Commenting on the extended mandate with Linedata, George Rosenberger, general manager of NYFIX, Broadridge, says: “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 optimised post-trade matching service to the widest client base.”
Bob Moitoso, head of asset management, North America at Linedata, comments: “In today’s volatile market environment, Linedata remains 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.”
You can read Asset Servicing Times’ article with Linedata’s Ashmita Gupta in the latest issue here.
The issue also includes detail on Broadridge's relationship with LTX in an interview with LTX CEO Jim Kwiatkowski.
