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Broadridge Launches New Fill Matching Platform,
Enabling Real-Time Reconciliation for High Volume Trading

NEW YORK, October 17, 2023 – Global Fintech leader Broadridge Financial Solutions, Inc. (NYSE:BR), today announced the launch of the NYFIX Fill Matching platform, a new solution complimenting Broadridge’s post-trade NYFIX Matching solution. NYFIX Fill Matching is a FIX based real-time reconciliation product designed for the needs of asset managers with high volume and/or high-touch orders. NYFIX Fill matching is the only platform that matches fills between brokers and asset managers in real-time.

“As the T+1 time compression makes end-of-day processing challenging, Broadridge’s new Fill Matching Solution will rapidly identify trade discrepancies, enabling clients to address and fix these issues before the close of the trading day,” said George Rosenberger, Head of NYFIX, Broadridge Trading and Connectivity Solutions. “By reducing this key friction point, Broadridge is continuing to streamline and modernize the front-to-middle office environment for our buy-side clients.”

The Fill Matching solution offers real-time reconciliation, ensuring that brokers and asset managers are constantly in sync, minimizing end-of-day mismatches. “Drop Copies”, or execution reports, are sent from the brokers’ front office platform and are matched against the fills received from the asset managers’ system. The matching criteria is flexible and can be configured by the asset manager to meet their respective requirements. The service informs the asset manager that all fills received from the brokers have been processed and that they can confidently allocate their trades and move into the post-trade matching process.

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 process and generate over 7 billion communications per year and underpin the daily trading of more than $10 trillion of 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.

To contact media relations, please email us at mediarelations@broadridge.com.