Broadridge Financial Solutions, Inc. (NYSE: BR), is introducing an innovative solution to the UK market through a strategic partnership with Iress (IRE.AX), a technology company specializing in software for the financial services industry.
Broadridge and Iress Forge Innovative Partnership
The partnership brings together Broadridge's cutting-edge order management system and market-making platform, Tbricks, seamlessly integrated into the Iress Retail Service Provider (RSP) network.
This collaboration marks advancement for market makers and liquidity providers, offering streamlined order management, heightened market connectivity, real-time data and analytics, robust compliance, and an intensified focus on the end-user experience.
“We are pleased to be working with Iress to bring exciting new technology to the UK market,” said Ian Mawdsley, the Chief Product Officer at Broadridge Trading and Connectivity Solutions. “By combining our order management and advanced market-making tools with access to the Iress RSP network, we are bringing a comprehensive solution to the market at a time when few complete solutions have been available.”
Enhancing Market Data Accessibility and Trade Execution
Broadridge Financial Solutions, with an annual revenue exceeding $5 billion, is known for providing the essential infrastructure that drives investment, corporate governance, and communication, ultimately enabling better financial lives. Their technology-driven solutions have a transformative impact on banks, broker-dealers, asset and wealth managers, and public companies.
Broadridge's infrastructure functions as a global communications hub that facilitates corporate governance by connecting thousands of public companies and mutual funds to tens of millions of individual and institutional investors across the globe. Broadridge's technology and operations platforms underpin the daily trading of over $9 trillion in equities, fixed income, and other securities on a global scale.
The collaborative efforts of Broadridge and Iress are set to usher in a new trading and connectivity solution uniquely tailored for UK market makers, granting them full access to the retail and wealth community. This offering promises to enhance market data accessibility, trade execution capabilities, and elevate risk and market-making proficiency.
“The strategic partnership with Broadridge coincides with focused investment into the RSP platform for enhanced data insights and execution services to retail brokers and wealth managers,” said Ray Pretorius, the Managing Director of Iress UK Trading. “We look forward to working with and welcoming Broadridge market-making clients to the Iress RSP network, further extending the value proposition to our respective client base.”
The Broadridge and Iress partnership represents a step forward. This aligns technological innovation with the evolving needs of market participants. The financial industry continues to adapt to changing demands. This strategic collaboration aims to provide UK market makers with the tools and capabilities necessary for success in a competitive environment.
