NYFIX Order Routing Network Wins “Best Low Latency” Prize from WatersTechnology’s Buy-Side Technology Awards 2021


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.


Eventus Systems wins Best Sell-Side Market Surveillance Product in WatersTechnology’s 2021 Sell-Side Technology Awards


Eventus Systems, Inc., a leading global provider of multi-asset class trade surveillance and market risk solutions, announced that its Validus platform has won the award for Best Sell-Side Market Surveillance Product in WatersTechnology’s 2021 Sell-Side Technology Awards.

The 9th annual Sell-Side Technology Awards recognize the market-leading products and services designed to allow sell-side firms to operate more efficiently, transparently and judiciously, the winners of which are decided by a panel comprising WatersTechnology’s five editors.

“Eventus has had an extraordinary year, with its Validus platform coming to the fore in the trade surveillance market,” said Victor Anderson, global content director of WatersTechnology. “The platform provides the sell side with flexibility and customization functionality, while the large number of enhancements introduced to Validus during the course of 2020 offer new efficiencies, automation and other features that strengthen users’ trade surveillance and compliance programs.”

Eventus CEO Travis Schwab said: “It’s a tremendous honor to win this award in what has always been an incredibly competitive category among our peers. One of the driving forces behind the continuous improvements we make to Validus is the valuable input we receive from clients on problems they want to solve, new markets they want to enter and challenges they encounter from exchanges or regulators. I’m truly proud of our team that works closely with clients every day to solve real-world compliance problems and create measurable efficiencies.”

A new Automation Recipes tool in Validus gives clients the ability to automate a wide range of mundane, repetitive tasks, enabling managers to achieve substantial efficiencies while tracking relevant trends. For instance, Eventus staff worked with a large futures commission merchant’s compliance team on its efforts to manage cross-trade surveillance for global futures activity. Prior to the implementation of the automation tool, the team had to investigate and manually close out 5,000 cross-trade alerts per day, compared to only 20 per day after implementation – representing a 99.6% reduction.

In the past year, Eventus has also further cemented its position as a global leader in trade surveillance and anti-money laundering / transaction monitoring capabilities to digital asset market centers, playing a key role in helping institutional investors gain confidence in cryptocurrency markets globally.

Eventus won numerous awards last year, including the FOW International Award for Market Surveillance Solution of the Year (second consecutive year); the Markets Media Market Choice Award for Best in RegTech – Surveillance and Financial Risk Management; and the RegTech Insight Award for Best Trade Surveillance Solution for the Dodd-Frank Act (second consecutive year). The firm was also named to the global RegTech100 list for the third year running and in late 2020 secured a spot on the Chartis Energy50 2021 list, ranking the world’s major technology players in modern energy markets. In addition, Business Insider featured Eventus as one of its “Breakout B2B Fintech Stars,” and Financial Technologist magazine last month named the firm one of the Most Influential Financial Technology Companies.