Whitebox Advisors Engages with Broadridge in Bid to Improve Efficiency

Broadridge Financial Solutions, Inc. (NYSE:BR), a provider of business intelligence for the asset management community, has announced that its platform solution has been chosen by the hedge fund Whitebox Advisors to help with managing its front and back-office operations.

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The trading industry is always on the lookout for innovative solutions that will help reduce the burden on fund advisors so that they can make better and more informed decisions. Whitebox Advisors hopes that the platform provided by Broadridge will serve that purpose.

The Broadridge platform provides all the required trading, data management and reporting functions that a trader and advisor has to deal with in one place, and also provides Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term tools that supplement trading.

The platform also helps with portfolio management and reconciliation of trading and customer data, which in turn helps to streamline the workflow.

Eric Bernstein, President of Broadridge asset management solutions, said: "We are excited to be providing Whitebox an integrated solution to help support its platform based on best-of-breed components. We have strategically built a unique integrated and hosted solution helping clients simplify their infrastructure, decrease operational risk and lower their total cost of ownership."

Broadridge also recently onboarded institutional data specialist Spence Johnson in a bid to improve data and Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Read this Term solutions for institutions, and Whitebox hopes to use these solutions to improve the operational efficiency on its side which will in turn help to improve its margins.