Email Contact Phone Company Visit Website

New York, USA Office

605 Third Avenue
New York
NY
US

Boston, USA Office

320 Congress Street 7th Floor
Boston
MA
US

New Jersey, USA Office

2 Journal Square Plaza
Jersey City
NJ
US

Telephone

+44 207 551 3000

Contact

Marketing
[email protected]
Back to all Broadridge Financial Solutions announcements

Pershing Securities Australia Signs with Broadridge to Advance its Multi-Asset Post-Trade Processing

New platform to increase operational efficiencies, enable timely response to regulatory and market changes 

Broadridge Financial Solutions, Inc. (NYSE: BR) today announced that Pershing Securities Australia Limited, part of BNY Mellon, has selected Broadridge’s Australian post-trade processing solution as its new middle- and back-office processing platform for third-party domestic clearing. The solution is designed to increase process efficiencies and provide flexibility to support forthcoming market and regulatory changes based on a modern platform.

Pershing Securities Australia will use the solution to support its correspondent base of licensed member-participant brokers and large user base of securities dealers. It will process a full range of asset classes, including equities, options and managed funds, covering the full post-trade lifecycle - from trade capture and confirmation to settlement and accounting. The solution will also provide real-time position management and connectivity to payment and settlement providers and enable Pershing Securities Australia to increase automation through high levels of straight-through processing, real-time business views and proactive workflow controls that help reduce risk through fast-track analysis and repair of processing exceptions.

Craig Mason, Pershing Securities Australia Chairman, said, “Broadridge is a proven and trusted global provider that shares our commitment to the highest standards of client service. Its solution will support our drive for efficiency and high-quality service across our operation, and give us a firm foundation to adapt to future infrastructural and regulatory changes in the Australian market.”

Akhter Khan, Broadridge’s general manager of Global Technology and Operations Solutions in Asia-Pacific, said, “Perhaps more than any time in history, operational excellence has become key to profitability, growth and sound risk management in financial services. Pershing Securities Australia’s forward-thinking approach to its operations is an important advantage, and it is our privilege to welcome them to the growing community of firms using our Australian solution.”