Broadridge Expands Post-trade with Alpha Omega Acquisition

Broadridge has acquired the remaining stake in FIX-based post-trade solutions provider Alpha Omega to expand its matching offering for the buy- and sell-side. Following the acquisition, Broadridge has said it will consolidate Alpha Omega’s post-trade matching solution into its existing NYFIX connectivity and FIX infrastructure to improve trade matching automation. According to a story in The TRADE news, Broadridge acquired the FIX-based local matching solution developed by Itiviti and Alpha Omega, NYFIX Matching, alongside its other FIX infrastructure in May as part of its $2.5 billion Itiviti deal. The transaction also saw Broadridge expand its front office and multi-asset offering with the integration of Itiviti’s trade order and execution management systems. NYFIX Matching combines Alpha Omega’s FIXAffirm solution with Itiviti’s NYFIX network to offer a consolidated platform that handles the end-to-end affirmation process. Using the solution, buy-side firms can allocate and match their trades achieving same-day affirmation.