BST Awards 2021: Best low-latency trading network—Itiviti, a Broadridge business
Product: Itiviti NYFIX
OVERVIEW
Itiviti NYFIX is a widely used order routing network, delivered as a managed service. It routes over 35 million messages across over 14,500 channels daily.
Typical user-firms: Itiviti NYFIX connects 1,800 traditional and alternative asset managers and sell-side participants.
The firm’s R&D team represents approximately 43% of its staff worldwide in terms of headcount.
Itiviti increased its headcount by 6% in 2020. It is planning a large-scale, multi-year hiring spree to support growth and continued investment in its trading technology.
“We have been working with NYFIX since 2005 through various different OMS systems including CRD and Aladdin. We appreciate not only the stability of the NYFIX network, but also the quality of their services and support as well as their commitment and investment to innovation.”
Senior quantitative trader and head of market structure and trading analytics at a $200 billion asset manager
WHAT’S NEW
NYFIX has added FIX support for crypto, fixed income and ETDs. Itiviti’s onboarding process has been enhanced with the addition of an Onboarding App in the NYFIX Portal, used to gather the details needed to configure a client’s NYFIX Matching service. It has also added multi-factor authentication for increased security. Itiviti has partnered with True Market, a fixed-income EMS, so that buy-side institutions utilizing Itiviti’s NYFIX network can aggregate, surveil and trade fixed income on a single screen. True Market will also leverage Itiviti’s NYFIX Matching and TCA services. NYFIX has completed its cloud transformation project enabling it to scale its infrastructure based on market volatility and clients’ requirements. It has increased its computing and data storage capacity by over 50% to enable future services.
WHAT’S TO COME
Itiviti is currently providing liquidity aggregation and trading access to all major crypto exchanges/venues through its partnership with Eqonex. It will continue to develop its crypto and digital assets offering.
NYFIX will continue its integration across the Broadridge product suite, including providing FIX routes to Broadridge Investment Management Solutions and connecting with the LTX fixed-income platform.
WHY THEY WON
Itiviti claims this title for the second year running due to NYFIX, its flexible order routing network, delivered as a managed service. It recently completed its cloud transformation project, allowing it to scale the NYFIX infrastructure based on market volatility and clients’ requirements. It has also increased its computing and data storage capacity by over 50% to enable future services.
“NYFIX is heavily relied upon by the largest banks and financial institutions for critical messaging. Stability and resilience are key. At Itiviti, we are committed to continual innovation and advancement of our technology. This year we have redoubled our efforts to support NYFIX to further increase the reliability of the trading infrastructure and deliver uninterrupted service with consistent performance. 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 electronification of the fixed-income market.”
Linda Middleditch, head of product strategy and engineering, Itiviti
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
Witad Awards 2024: Rising star (vendor) – data, engineering & product development—Roberta Bill, SmartStream Technologies
Roberta Bill, product manager at SmartStream Technologies, wins rising star (vendor) – data, engineering & product development, in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: Technology leader of the year (end-user)—Sejal Shah, BNP Paribas India Services
Sejal Shah, director and head of Global Markets IT BNP Paribas India Services, wins technology leader of the year (end-user) in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: Reference data professional of the year (end-user)—Ludmilla Morgunova, BNP Paribas
Ludmilla Morgunova, Java developer on BNP Paribas’ Referential Data Platform, wins reference data professional of the year (end-user) in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: Vendor professional of the year (trading and risk)—Mina Wallace, SS&C Algorithmics
Mina Wallace, general manager and senior vice president of the risk management business unit at SS&C Algorithmics, wins the vendor professional of the year (trading and risk) in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: Above and beyond award (vendor)—Susan Bennett, Tradeweb
Susan Bennett, managing director, global head of product marketing at Tradeweb, wins the above and beyond award (vendor) in the 2024 Women in Technology and Data Awards.
Women in Technology & Data Awards 2024: All the winners and why they won
WatersTechnology honored the winners of the 36 categories in the 2024 Women in Technology & Data Awards, who were announced at a sit-down lunch in London on International Women's Day on March 8.
AFTAs 2023: Best new technology introduced over the last 12 months (data & data services)—SS&C Aloha
Northern Trust: Improving transparency across the asset servicing market
Northern Trust won three categories in the 2023 American Financial Technology Awards. Paul d’Ouville, global head of technology solutions and servicing at Northern Trust, discusses his firm’s fourth consecutive win in the Best reporting initiative…
Most read
- Women in Technology & Data Awards 2024: All the winners and why they won
- Witad Awards 2024: Above and beyond award (vendor)—Susan Bennett, Tradeweb
- Fighting FAIRR: Inside the bill aiming to keep AI and algos honest