Broadens market share with differentiated end-to-end, multi-asset offering
Broadridge Financial Solutions, Inc. (NYSE:BR) a leading provider of technology-driven solutions for financial firms and corporate issuers globally, has further expanded its reach in the multi-asset post-trade processing space by extending its investments in exchange-traded derivatives technology. Broadridge’s ongoing strategy to invest in its unified international processing solution for all major asset groups, including equities, fixed income, money markets and derivatives, comes as firms increasingly seek to streamline their operations across business silos to increase efficiency, enhance risk management and reduce costs enterprise-wide.
Highlighting the international drive to consolidate across silos, Broadridge has recently expanded its global customer base by signing three firms, headquartered in North America, Europe and Asia, that will utilize its multi-asset class processing solution for a range of asset groups, including both securities and derivatives, for their international business operations. Each firm will benefit by moving to a more operationally efficient, streamlined processing model, and also by retiring one or more systems through a move to Broadridge’s strategic, single solution.
Broadridge’s most recent investments include the addition of commodity-based futures and options to the range of exchange-traded and OTC derivatives currently available on its processing solution. The expanded capabilities also include real-time market connectivity to Intercontinental Exchange (ICE), enabling a pathway to 17 futures and options exchanges, plus connections to a range of central clearing counterparties.
“Recent years have seen a tremendous growth in multi-asset trading, and it is essential that firms’ post-trade operations are geared to help them capitalize on these new opportunities by optimizing business efficiency and control,” said Paul Clark, Head of Institutional Strategy and Product Management, Securities Processing Solutions International, Broadridge. “Our solution’s breadth continues to increase, enabling business areas across the capital markets spectrum to maximize their STP and workflow control, while gaining a central, business-wide cross-asset position management capability. Firms can also leverage our many innovations such as the ability to access daily profit and loss settlement events with enhanced ability to retrace these in real time.”
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