Broadridge adds overnight US equity trading to NYFIX

Broadridge has added overnight US equity trading to its NYFIX platform through an integration with CAPIS, giving clients access to liquidity in more than 4,000 US securities.

The move extends NYFIX beyond the regular trading day by connecting users to CAPIS and Blue Ocean's overnight market. The service is aimed at broker-dealers and institutional investors seeking to trade US equities outside standard market hours.

Overnight trading has drawn growing interest from firms looking to respond to earnings announcements, macroeconomic data, and international developments as they emerge. The addition allows NYFIX users to execute trades overnight for portfolio rebalancing, exposure adjustments, and event-driven strategies.

The integration connects NYFIX clients with CAPIS's trading desk and Blue Ocean's alternative trading system, giving firms another route to US equity liquidity as trading activity spreads across a longer daily window.

George Rosenberger, General Manager of NYFIX, Broadridge Trading & Connectivity Solutions, described the agreement as part of a broader effort to connect different parts of the market.

"This partnership exemplifies Broadridge's commitment to delivering greater value to clients by enabling interoperability across the buy side, sell side, and both traditional and non-traditional liquidity pools, while enhancing workflow efficiency and creating a more seamless client experience," said George Rosenberger, General Manager of NYFIX, Broadridge Trading & Connectivity Solutions.

He said the partnership with CAPIS also made commercial sense for Broadridge.

"We value our partnership with CAPIS, whose deep sales trading expertise, experienced team, and established market presence, combined with Blue Ocean's liquidity, make this a compelling opportunity to grow our businesses together," Rosenberger said.

Market shift

The launch reflects a broader shift in market structure as trading firms look for ways to manage positions across time zones. For global investors, overnight access can reduce the delay between a market-moving event and the ability to adjust a US equity portfolio.

That matters when news breaks after the closing bell in New York or during the Asian and European trading sessions. Instead of waiting for the next US market open, investors can seek execution overnight, although liquidity and pricing may differ from regular hours.

CAPIS, a Dallas-based institutional brokerage firm founded in 1977, focuses on commission management services for asset managers and plan sponsors. This arrangement provides the brokerage link and trading support for NYFIX users seeking access to the overnight venue.

Mark Viani, Director, Institutional Sales Business Development, said the arrangement also reflects a broader push by financial firms to rely on external trading connections rather than build every link themselves.

"At CAPIS, we always encourage our traders to seek out the best execution venues and tools to simplify post-trade processes and enhance operational resiliency," said Mark Viani, Director, Institutional Sales Business Development.

"This partnership is another example of this and highlights the growing trend of financial firms focusing on their core business by leveraging external connectivity solutions. Together with Broadridge, we are enabling more efficient trader execution and improving operational precision in real time," Viani said.

Extended access

Blue Ocean provides the overnight liquidity venue used in the arrangement. Its market is designed to allow participants to trade US equities outside the standard exchange session, providing access when investors in other regions may be active and when US company or economic news may still affect prices.

Brian Hyndman, Chief Executive Officer of Blue Ocean Technologies, said the partnership was intended to support a broader global market for US equities.

"As the trading landscape continues to grow for US equities globally, this new collaboration with Broadridge and CAPIS will empower participants to make better informed decisions quickly and efficiently," said Brian Hyndman, Chief Executive Officer of Blue Ocean Technologies.

"We are delighted to work with both these industry leaders to supplement their ongoing efforts to deliver new opportunities for growth and cross-market collaboration," Hyndman said.

NYFIX is used as a trading and connectivity platform by market participants who need links across the buy and sell sides. The addition of overnight US equities access broadens that network as investors seek more flexible ways to trade around the clock.

Broadridge said its wider infrastructure underpins average daily trading of more than USD $15 trillion across equities, fixed income, and other securities globally, while processing and generating more than 7 billion communications each year.