Faster resolution of mismatching post-trade data between asset managers and their executing brokers should be the result, if a new partnership between Broadridge Financial Solutions and communication systems provider Symphony delivers as planned.
In its news release, Broadridge refers to its Nyfix matching system as “the first post-trade matching tool in the industry to offer integrated messaging capabilities”. As PostTrade 360° has covered earlier, Nyfix can be seen as a challenger to DTCC’s market-dominating matching platform CTM.
