Broadridge Financial Solutions Inc. (NYSE: BR) has announced the integration of Transaction Network Services (TNS) connectivity into its global Futures and Options (F&O) Software-as-a-Service (SaaS) platform. The move aims to simplify market data management and reduce operational risk for Broadridge's derivatives market clients.

Broadridge Integrates TNS Connectivity for Futures and Options Platform

Under the partnership, TNS will provide global exchange connectivity for order routing and market data access as the vendor of record for Broadridge's F&O platform. The integration is expected to give futures commission merchants and agency brokers access to streamlined market data, while reducing implementation costs and time-to-market.

"This integration enhances our software offering and aligns with the growing industry trend where clients are moving away from hosting their own trading infrastructure," said Mike Johnson, General Manager of F&O at Broadridge Trading and Connectivity Solutions. "Broadridge's F&O platform helps firms simplify and optimize trading through its modular and flexible deployment capabilities and we are committed to providing globally resilient solutions for our clients."

The move took place a few weeks after the company announced its acquisition of AdvisorTarget, a firm known for providing asset management and wealth management firms with data products to enhance digital marketing, sales, and engagement programs targeting financial advisors.

TNS, which provides mission-critical infrastructure for financial markets, has access to more than 130 exchanges across 25 countries. As Tom Lazenga, General Manager at TNS Financial Markets added, his company will help Broadridge’s clients to “achieve greater efficiency and effectiveness in their trading activities.”

Broadridge's F&O SaaS platform is part of the fintech company's trading and connectivity solutions. The platform helps firms simplify and optimize trading through modular and flexible deployment capabilities.

Broadridge Announces Strategic Appointments and Expansion

Broadridge recently unveiled significant executive changes and strategic hires to enhance its international operations. Roz Smith takes on the role of Chief Operating Officer of Broadridge International. Operating from London, Smith will collaborate with Mike Sleightholme, President of Broadridge International, focusing on expanding the company's presence and improving customer service across the EMEA and Asia Pacific regions.

Furthermore, the company announced in May that Simona Vitali, the former COO for Europe at Morrow Sodali, will be the leader of sales operations for its new International Issuer Services. Mariana González will also join as Sales Director, with the objective of bolstering Broadridge’s suite of investor communication tools throughout Europe.

In other executive news, Edmund Reese, the Chief Financial Officer of Broadridge, is scheduled to resign on June 30, 2024. Reese will move to a significant new role as Chief Financial Officer of Aon, a global professional services firm noted for its substantial market capitalization of $61 billion.