Broadridge Announces Acquisition of Post-Trade Solutions Business Alpha Omega

Broadridge Financial Solutions, Inc. (Broadridge), a global Fintech leader, announced that it has acquired Alpha Omega, a market-leading FIX-based post-trade solutions provider for the investment management industry.

Alpha Omega brings invaluable expertise in advanced FIX-based technology for asset managers and broker/dealers in all areas covering automated allocation, confirmation and affirmation of trades for equities, fixed income securities, and derivatives.

Building on Broadridge's recent acquisition of Itiviti, the recent acquisition will enable the company to fully consolidate Alpha Omega's post-trade matching and consolidation solution into its existing NYFIX connectivity and FIX infrastructure, which will better automate buy-side and sell-side firms' trade matching processes and further accelerate Broadridge's product roadmap.

"We are excited to formalize our four-year strategic partnership with Alpha Omega through this acquisition," said Ray Tierney, President of Itiviti, a Broadridge business. "We are leading technology innovation in post-trade, and this acquisition is a testament to our continued growth and momentum in transforming this space. NYFIX Matching is the first 'one-stop' platform to handle all of a fund's trade matching needs across various product types and asset classes."

Last week, Broadridge announced that RBC Wealth Management-U.S. (RBCWM), a division of RBC Capital Markets, LLC and a trusted advice and wealth management solutions provider, will utilize the Broadridge Wealth Management Platform to power its growing U.S. business​.