NEW
YORK, Dec. 9, 2024 /PRNewswire/ -- To transform
the landscape of algorithmic trading, global Fintech
leader Broadridge Financial Solutions, Inc. (NYSE:BR),
today announced the launch of an innovative AI-powered algorithm
insights service for NYFIX. Driven by real-time liquidity mapping,
the service is designed to empower asset managers, hedge funds, and
other buy-side firms to achieve unprecedented accuracy, seamless
workflow integration, and proven cost-efficiency.
"Algo traders will now have a quantitative, data-driven service
to power critical trading decisions," said George Rosenberger,
Head of NYFIX, Broadridge Trading and Connectivity Solutions. "By
harnessing the power of AI and historical insights, we're giving
our clients the tools they need to navigate complex markets with
greater precision and confidence. This innovative solution not only
optimizes trading strategies, but also reduces costs, making it an
invaluable asset for the buy-side."
This is the first and only solution of its kind, using advanced
AI to leverage public and private data to understand the liquidity
landscape, particularly potential dark fill location. This approach
identifies the ideal algorithmic execution for any given order,
reducing outliers to improve overall trading costs. Traders benefit
from real-time alerts and in-trade analysis, allowing for in-flight
adjustments to stay aligned with their objectives, ensuring optimal
strategy selection throughout the trading process.
The NYFIX service was developed based on decades of proven
research from Jeff Alexander and
Linda Giordano, whose pioneering
work at Babelfish Analytics established the standard for
understanding routing dynamics, analyzing venue liquidity, and
optimizing algorithm selection. This collaboration brings together
unique and proprietary trader-focused insights with the trusted and
transformational technological capabilities and extensive
distribution capacity of Broadridge, creating a powerful service to
enhance the trader's ability to improve performance.
Available to NYFIX Order Routing customers in the U.S. equities
market, the solution's framework is built to expand rapidly across
other asset classes and regions, with future plans to extend access
to clients on other Order Routing Networks.
About Broadridge
Broadridge Financial Solutions (NYSE: BR), is a global
technology leader with the trusted expertise and transformative
technology to help clients and the financial services industry
operate, innovate, and grow. We power investing, governance, and
communications for our clients – driving operational
resiliency, elevating business performance, and transforming
investor experiences.
Our technology and operations platforms underpin the daily
trading of more than $10 trillion of
equities, fixed income and other securities globally. A certified
Great Place to Work®, Broadridge is part of the S&P 500® Index,
employing over 14,000 associates in 21 countries. For more
information about us, please visit www.broadridge.com.
Broadridge Contacts:
Investors:
Edings Thibault
Head of Investor Relations, Broadridge
broadridgeir@broadridge.com
Media:
Gregg Rosenberg
Global Head of Corporate Communications
Gregg.Rosenberg@broadridge.com
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SOURCE Broadridge Financial Solutions, Inc.