In the meantime, it is preparing for upcoming changes in Canada and Hong Kong.
The fintech is helping clients comply with regulatory standards across multiple jurisdictions.
Broadridge
Financial Solutions (NYSE: BR) announced today
(Monday) its readiness to support new over-the-counter (OTC) derivatives
reporting requirements in Singapore and Australia, while also preparing for
upcoming regulatory changes in Canada and Hong Kong.
Broadridge Expands Global
OTC Derivatives Reporting Capabilities
The global
fintech said its reporting solution is now equipped to meet the Monetary
Authority of Singapore (MAS) and Australian Securities and Investments
Commission (ASIC) requirements, which take effect from Monday. The company is
also gearing up for similar regulatory updates in Canada and Hong Kong,
scheduled for July and September 2025, respectively.
“We're
staying ahead of the regulatory curve to ensure our clients can meet their
compliance obligations,” said Ben Cooling, General Manager of Regulatory
Trade and Transaction Reporting at Broadridge. “These updates are part of
a broader global initiative to enhance consistency and transparency in
derivatives reporting.”
Broadridge's
expanded offering comes on the heels of its successful implementation of the
European Money Market Statistical Reporting (MMSR) upgrade in July 2024. The
company is now developing a U.S. equivalent of the Securities Financing
Transactions Regulation (SFTR) for securities lending, set to launch in January
2026.
Additionally,
Broadridge plans to upgrade its solution to accommodate major updates to the EU
and UK Markets in Financial Instruments Directive (MiFID) regulations between
2025 and 2027, as well as final updates to the U.S. Commodity Futures Trading
Commission (CFTC) Dodd-Frank reporting requirements.
The
company's solution is designed to simplify complex trading requirements and
enable firms to comply with varying local rules. It incorporates Global Unique
Transaction Identifiers (UTIs), Unique Product Identifiers (UPIs), and Critical
Data Elements, aligning with global regulatory standards.
Recent Updates: Broadridge
Broadridge
Financial Solutions has recently introduced several innovative services and
partnerships in the fintech sector. The company launched an instant payment
service designed to enhance real-time money transfers, promising high
resiliency and continuous 24/7/365 operations. According to Broadridge, this
new service can process payments within 10 seconds, utilizing Swift Alliance
Gateway Instant integrated with SwiftNet Instant for instant payments.
In a
separate development, Broadridge has unveiled a suite of operational resilience
services tailored for international post-trade processing. Announced on October
15, these solutions aim to assist financial firms in preparing for the upcoming
compliance deadline of the European Union's Digital Operational Resilience Act
(DORA), which is set to take effect in January 2025.
Earlier in
the month, Americas Executions (AmerX) implemented Broadridge's Securities
Finance and Collateral Management (SFCM) platform to support its newly launched
securities lending business. The SFCM platform is designed to streamline
AmerX's securities lending operations, offering comprehensive tools for
collateral management, trade lifecycle management, and risk assessment.
Broadridge
Financial Solutions processes over $10 trillion in securities trades daily and
generates more than 7 billion communications annually for its clients in the
financial services industry.
Broadridge
Financial Solutions (NYSE: BR) announced today
(Monday) its readiness to support new over-the-counter (OTC) derivatives
reporting requirements in Singapore and Australia, while also preparing for
upcoming regulatory changes in Canada and Hong Kong.
Broadridge Expands Global
OTC Derivatives Reporting Capabilities
The global
fintech said its reporting solution is now equipped to meet the Monetary
Authority of Singapore (MAS) and Australian Securities and Investments
Commission (ASIC) requirements, which take effect from Monday. The company is
also gearing up for similar regulatory updates in Canada and Hong Kong,
scheduled for July and September 2025, respectively.
“We're
staying ahead of the regulatory curve to ensure our clients can meet their
compliance obligations,” said Ben Cooling, General Manager of Regulatory
Trade and Transaction Reporting at Broadridge. “These updates are part of
a broader global initiative to enhance consistency and transparency in
derivatives reporting.”
Broadridge's
expanded offering comes on the heels of its successful implementation of the
European Money Market Statistical Reporting (MMSR) upgrade in July 2024. The
company is now developing a U.S. equivalent of the Securities Financing
Transactions Regulation (SFTR) for securities lending, set to launch in January
2026.
Additionally,
Broadridge plans to upgrade its solution to accommodate major updates to the EU
and UK Markets in Financial Instruments Directive (MiFID) regulations between
2025 and 2027, as well as final updates to the U.S. Commodity Futures Trading
Commission (CFTC) Dodd-Frank reporting requirements.
The
company's solution is designed to simplify complex trading requirements and
enable firms to comply with varying local rules. It incorporates Global Unique
Transaction Identifiers (UTIs), Unique Product Identifiers (UPIs), and Critical
Data Elements, aligning with global regulatory standards.
Recent Updates: Broadridge
Broadridge
Financial Solutions has recently introduced several innovative services and
partnerships in the fintech sector. The company launched an instant payment
service designed to enhance real-time money transfers, promising high
resiliency and continuous 24/7/365 operations. According to Broadridge, this
new service can process payments within 10 seconds, utilizing Swift Alliance
Gateway Instant integrated with SwiftNet Instant for instant payments.
In a
separate development, Broadridge has unveiled a suite of operational resilience
services tailored for international post-trade processing. Announced on October
15, these solutions aim to assist financial firms in preparing for the upcoming
compliance deadline of the European Union's Digital Operational Resilience Act
(DORA), which is set to take effect in January 2025.
Earlier in
the month, Americas Executions (AmerX) implemented Broadridge's Securities
Finance and Collateral Management (SFCM) platform to support its newly launched
securities lending business. The SFCM platform is designed to streamline
AmerX's securities lending operations, offering comprehensive tools for
collateral management, trade lifecycle management, and risk assessment.
Broadridge
Financial Solutions processes over $10 trillion in securities trades daily and
generates more than 7 billion communications annually for its clients in the
financial services industry.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
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The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
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