Broadridge Financial Solutions, Inc. (NYSE:BR) have announced that its market-leading international trade processing and settlement solution, Gloss, has won the Best Institutional Settlement Solution award at the annual Systems in the City Awards ceremony in London. The awards, which recognize solution and service excellence across the capital markets industry, were based on submissions from systems providers, feedback from users and votes cast by firms operating within the financial markets. This is the sixth year for which Broadridge has won this award.
Stephen Pinner, Managing Director of Goodacre, the specialist consultancy firm which organises the awards, said, “Broadridge polled a particularly large number of votes which, combined with user feedback, makes this a resounding industry endorsement of its investments into the solution.”
In direct response to global demand for streamlined processing across all asset classes on a single post-trade platform, Broadridge has remained on course with the roll-out of its strategic investment programme for multi-asset operations. This includes the extension of Gloss’ established coverage of global securities instruments through the addition of treasury and derivative products including futures and options, contracts for difference, forward rate agreements and interest rate swaps.
In addition to its functional enhancements, Gloss users now benefit from greater solution deployment choice ranging from fully managed business processing as a service, IT outsourcing though Broadridge’s industry-leading data centres, or on-site implementation.
“It is a privilege to receive such positive feedback, both from our clients and from the market participants that we aspire to serve,” said Tom Carey, President, Securities Processing Solutions International, Broadridge. “We remain firmly committed to support our clients’ strategies to capture new growth opportunities, both geographically and by extending into new business areas and asset classes, while at the same time driving efficiency and giving them the flexibility to respond to evolving regulatory pressures.”