Broadridge FX & Liquidity Solutions (FXL)
Broadridge FX & Liquidity Solutions (FXL) has four main components:
FXL – FX & FX DERIVATIVES – Componentized Front, Middle & Back Office Solutions
FXL ORDER MANAGEMENT – Market & Limits Orders for FX & FX Options
FXL CASH MANAGEMENT – Global Liquidity views Across Asset Classes & Entities
FXL RISK MANAGEMENT – Global Limit Monitoring, Margin Monitoring & VaR
FXL provides global scalability and promotes 24×7 processing. All users can perform daily activities without interruption (even during end-of-day processes).
FXL supports front, middle and back-office processing across an extensive set of Financial asset classes, including Foreign Exchange, Money Markets, Cash Management (Nostro & client), Exchange traded, Futures, Exchange Traded Options, OTC FX Options, Unallocated Metals, and internal arbitrage.
FXL’s interface Gateway allows for quick integration into even the most complex existing infrastructures leveraging FXL’s pre-built adapters. FXL can be quickly deployed in house or under a SaaS model.
FXL provides intra-day real-time aggregation of positions, risk, balances and cash flows across organizations, entities, account, currencies and currency pairs.
FXL’s technology supports large volumes of transactions and scales for peak loads. FXL’s processing capacity handles hundreds of thousands of trades a day with spikes of one thousand trades per second.
FXL uses the latest technologies including HTML5, C# and Microsoft’s .NET framework to ensure scalability, exibility, and low total cost of ownership.
Broadridge FXL for Margin Brokers aggregates trades in real-time fromany dealing platform and Prime Brokers. Supports Prime of Prime.
Real-time aggregation and management of positions, risk, and P&L from both house and client perspective. FXL provides the tools for users to view data how they need to, in order to effectively manage or mitigate risk, including your client’s profitability.
Real-time pre-trade checks against the current value of a customer’s collateral and existing net open position enables informative decision making.
FXL provides real-time market, credit and operational risk management.
TRADE PROCESSING & RECONCILIATION
FXL will manage your trade and positions through the full trade lifecycle including settling of trades, and fixing and monitoring of options. FXL provides trade and position reconciliation with other prime brokers or counterparties.
REAL-TIME CLIENT REPORTING
Flexible, highly congurable Web based reporting. FXL allows your customers to view their positions and risk while also providing them with trade reporting and statements.