Broadridge Financial Solutions has launched the NYFIX Fill Matching platform, a real-time reconciliation tool tailored for asset managers with high volume or detailed orders. The new platform enhances Broadridge’s post-trade NYFIX Matching solution and is unique in providing real-time matching of fills between brokers and asset managers.
The system is designed to quickly detect trade discrepancies, allowing them to be resolved before the trading day ends. It operates by comparing drop copies of executions from the brokers with fills from the asset managers, ensuring consistent alignment and reducing end-of-day mismatches.
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