Itiviti, a leading technology and service provider to financial institutions worldwide, today announced a partnership with ECS Fin, provider of financial messaging services and transaction processing solutions, adding trade settlement to NYFIX Matching.
Through this partnership, NYFIX Matching now has the ability to process trade messages with custodians via all networks including SWIFT. Itiviti will be able to notify trade status to customers in real-time and equip them to take immediate action thereby minimizing breaks.
“Working with ECS Fin was a logical next step for Itiviti’s post-trade platform, NYFIX Matching,” said Jason Landauer, Head of Network Sales, Itiviti. “With this partnership, NYFIX Matching can now support execution all the way to settlement.”
ECS Fin is one of Itiviti’s 60 global partners. This mutually beneficial partnership will enhance the abilities of both parties to offer PREMIER services to their customers and provide an outstanding post-trade experience.
“This partnership will complement our offering in the trade processing space”, said Finney Zechariah, Chief Operating Officer, ECS Fin. “Our Trade Settlement Platform supported by our SWIFT Service Bureau when engaged with Itiviti’s NYFIX Matching service will defragment the messaging workflows and optimize the overall post-trade process.”
NYFIX Matching is a post-trade affirmation, confirmation and matching service that provides the buy-side with the capability to streamline their post-trade workflow, which handles the matching and repair of block allocations by the broker with the internal systems of the buy-side firm. Buy-side firms can confirm and affirm trades on one consolidated platform.