As global fintech provider Broadridge recently acquired Sweden-based Itiviti, a strategic partnership with FIX-based post-trade solutions provider Alpha Omega came in the package. Now, Broadridge expands its minority stake to take full ownership.
“The acquisition, which encompasses the remaining 68% of Alpha Omega, will enable Broadridge to fully consolidate Alpha Omega’s post-trade matching and consolidation solution into its existing NYFIX connectivity and FIX infrastructure to better automate buy-side and sell-side firms’ trade matching processes and further accelerates Broadridge’s product roadmap,” Broadridge says in its Monday press release.