Broadridge Financial Solutions plans to acquire Kyndryl's Securities Industry Services (SIS) platform. SIS provides settlement, account record keeping, and tax, among other services, for Canadian financial services firms. Kyndryl plans to collaborate with Broadbridge Canada to offer managed services to SIS.

Broadridge Canada Expands Portfolio

Karin Kirkwood, the President of Broadridge Canada, mentioned: "The partnership with Kyndryl and the acquisition of the SIS business further underscore Broadridge's long-standing commitment to being a leading technology provider to Canadian financial services firms. The combination of the SIS technology business and Kyndryl managed services with our industry-leading Broadridge Wealth Platform will further accelerate our ability to bring innovation to Canada and meet the increasingly complex needs of Canadian firms."

According to the press release, both Broadridge and Kyndryl highlighted the benefits this partnership will bring to their Canadian clients. The acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term of Kyndryl's SIS platform boosts Broadridge's services to the Canadian financial services sector. Despite the transaction not expected to have a material impact on Broadridge's financial results, the company expects long-term benefits.

RBC Capital Markets will serve as Broadridge's exclusive financial advisor as the transaction moves toward closure in the coming months. Currently, the deal awaits regulatory approvals.

Streamlining Trading Activities

In March, Broadridge launched a derivatives trading technology platform for institutional clients in the Futures Commission Merchant sector. This move is in response to the growing trading volumes in derivatives markets and addresses the need for improved order and execution management.

Broadridge's newly introduced platform, named the Broadridge Futures and Options, offers customized solutions to enhance the trading experience for buy-side clients while enabling sell-side firms to gain insights into trading activities and risk management. According to Ray Tierney, the President of Broadridge Trading and Connectivity Solutions, the platform stands out for its modular and flexible deployment capability.

Additionally, the platform aims to streamline trading activities by facilitating order and execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term management, thus driving scale and growth in the listed futures and options marketplace. It integrates workflows and data to tackle challenges related to regulatory changes, while its automation capabilities enhance the derivatives trading experience through analytics.