Broadridge Financial Solutions, Inc. (NYSE: BR), today announced that its NYFIX Order Routing Network from Itiviti was named “Best Low Latency Trading Network” for the second consecutive year at the Waters Technology’s Buy-Side Technology (BST) Awards 2021. This win marks the fifth time in the past six years NYFIX from Itiviti has taken home a prestigious BST award.
“We are honored to win another award from the WatersTechnology community, a judging panel comprised of industry experts from across the market,” said Ray Tierney, President of Itiviti, a Broadridge business. “This year, we have redoubled our efforts to support NYFIX to further increase the reliability of the trading infrastructure. With Broadridge’s backing, we are best positioned to serve our clients’ entire trade life cycle and further accelerate our plans that contribute to the continued electronification of the capital markets.”
The highly regarded Buy-Side Technology Awards are designed to acknowledge excellence in trading technology developed specifically for use by buy-side firms, designed to allow them to operate more efficiently, more transparently and more judiciously.
“The NYFIX Order Routing Network from Itiviti has long been an essential and trusted component of the global trading infrastructure,” said Victor Anderson, Global Content Director at WatersTechnology. “Itiviti’s continued investment in innovation in NYFIX and its entire suite of trading solutions keeps them ahead of the game in delivering excellence and reliability to customers across asset classes and around the world.”
Delivered as a managed service, NYFIX is one of the industry’s largest, most stable and flexible order routing networks, connecting more than 1,800 buy-side and sell-side participants and routing 35 million+ messages daily. In 2021, as FIX adoption expanded to additional asset classes, NYFIX further extended its already robust asset-class coverage, adding crypto, ETDs and fixed income. Additionally, Itiviti improved its onboarding process with the addition of an onboarding app through the NYFIX Portal, enabling users to easily connect and enable custom configuration of their NYFIX Matching service for post-trade processing.
Itiviti also dynamically increased the scale of its comprehensive NYFIX infrastructure in 2021 through the completion of its massive cloud transformation project, which provides an efficient and secure option for clients to extend their businesses’ across the globe. The transformation is especially beneficial to network users and NYFIX Matching customers, with the accelerated adoption of FIX for post-trade activity.