Radianz says BBH Infomediary, the financial messaging service for fund managers owned by Brown Brothers Harriman (BBH), has added Radianz to its list of connection options. BBH has used Radianz to access services and its numerous trading partners since 2002.
BBH Infomediary aims to enable clients to reduce operating expense and streamline communication processes with multiple custodian banks, sub-advisors, prime brokers, distributors, transfer agents, accountants, and other service providers.
By adding Radianz to its access options, Infomediary will offer its clients an additional means to connect to the service and interact with their various service providers. By the same token, Infomediary will have an additional means of reaching the many financial institutions currently connected to Radianz.
The Infomediary platform translates disparate data, incompatible formats and multiple communication methods into standard and/or proprietary formats. “With over 60 Infomediary clients and a rapid growth rate, we must provide top-flight network connectivity options,” says Taylor Bodman, partner at BBH and CEO of BBH Infomediary. “As information flows expand beyond transactional messaging, such as securities trade instructions and payments, we need access alternatives for ourselves and for our clients. Radianz is an obvious choice. The more important objective is to support client needs in cost-effective and flexible ways. Radianz will provide us initially with secure communications for a new type of IP-enabled data exchange which, in volume terms, will be our largest single application to date. Over time, we intend to lever the infrastructure for other messaging applications, as discrete business cases and general strategy dictate.”
“Radianz has established itself as the leading network for market data and trading services such as FIX,” adds Brennan Carley, chief strategy and technology officer at Radianz. “Now that we have demonstrated the reliability and security of our network to financial services firms such as BBH, who joined the Radianz community for information and trade execution, those firms are turning to Radianz for post-trade messaging and network services. With the worlds world’s largest community of banks, broker/dealers and investment managers, financial institutions are increasingly turning to Radianz as an alternative to proprietary and expensive networks to deploy STP services for pre-settlement, clearing and settlement, custody, and reporting. “